Inspections: Audit Inspectors at Independent Regulatory Board for Auditors (IRBA)

KEY PERFORMANCE AREAS 

• Participating in the team planning and scoping of risk-based inspections. 
• Inspecting planned financial statement audit engagements and firms’ quality management policies and procedures; discussing findings; consulting internally and preparing high quality reports in a timely manner. 
• Preparing high quality inspection files with appropriate evidence of inspections in a timely manner. 
• Regular interaction with audit firms, including engagement partners and firm leadership, to discuss inspection findings. 
• Demonstrating independence and sound professional judgement in driving inspection matters to conclusion. 
• Participating in relevant projects of the IRBA in fulfilling its mandate. 
• Researching and consulting internally on technical auditing and financial reporting matters. 
• Preparing reports and inspection outcomes for presentation to the Inspections Committee (INSCOM). 
• Provide inputs on all the files quarterly - during the pre-committee (Pre-Com) meeting in preparation for the INSCOM meeting. 
• Ensuring that all INSCOM queries are addressed timeously, including providing context and presenting at meetings where required. 
• Assisting Senior Inspectors with the onboarding and training of new inspectors.
• Contributing to publications, technical articles, and inputs into public inspection reports, where required. 
• Responsible for keeping up to date with the latest accounting, auditing and technology standards and regulations and the practical implementation thereof. 

KNOWLEDGE, EXPERIENCE AND ATTRIBUTES 

 Qualifications and Previous work experience 

• CA (SA) who trained in public practice (external audit) with at least 6 years post qualification experience in external statutory audits. 
• RA registration / Eligibility to register as an RA is advantageous. 
• Private sector / IFRS audit experience essential. 
• Certified Information Systems Auditor (CISA) qualification with full ISACA membership (CPD up to date) is advantageous. 
• At least 6 years post -qualification/articles experience within an external audit firm. 
• Experience in quality control reviews or audit technical support will be advantageous. 
• Minimum at a Senior Manager level or equivalent position in an auditing environment. 
• Excellent technical knowledge and experience in auditing and financial reporting standards. 
• Demonstrated understanding and appreciation of the IRBA’s role in protecting the investing public and maintaining audit quality. 

Attributes 

The following attributes are required of the incumbent: 

• Unquestionable integrity and objectivity. 
• Excellent knowledge of the latest professional auditing and financial reporting standards. 
• A keen interest in auditing and the technical aspects of audit quality. 
• Good interpersonal skills and ability to maintain a high level of ethics. 
• Ability to cope with confrontational situations and remain objective. 
• Ability to give and accept constructive criticism in a professional manner. 
• Lateral thinking ability, including understanding how audit findings may impact other areas of the audit or the financial statements. 
• Excellent knowledge of the latest professional standards and pronouncements. 
• A keen interest in auditing and the technical aspects of auditing. 
• Comfortable in a digital audit environment. 
• Excellent communication skills (written and verbal). 
• Excellent analytical skills and attention to detail. 
• Professional maturity and a deadline-driven approach with high level of accuracy. 
• Excellent time management skills and the ability to work independently and as part of a team.