Job Description
For over forty years, clients have turned to ELO CPAs & Advisors for trusted guidance, expert knowledge, and a personalized approach to their accounting and business needs. Today, we honor our founders' commitment to exceptional client care while utilizing cutting-edge tools and techniques to deliver the most effective and beneficial business services. Our firm has expanded to nine offices across eastern South Dakota, including Mitchell, Sioux Falls, Yankton, Huron, Chamberlain, Miller, Elk Point, Alcester, and Vermillion. We are dedicated to continuing our growth and enhancing our service offerings in the future.
As an Audit Associate at ELO CPAs & Advisors, you will be key in executing audit engagements and ensuring compliance with accounting standards and regulations. You will work closely with audit team members to deliver high-quality audit services to our diverse clientele.
Key Responsibilities:
1. Audit Execution:
• Assist in planning and performing audit procedures following auditing standards.
• Conduct preliminary research on the client’s business, industry, and regulatory requirements.
• Conduct audits of financial statements, internal controls, and compliance with laws and
• Prepare and maintain audit budgets.
• Perform audit procedures, including walkthroughs, testing of controls, and substantive testing.
• Gather and analyze data to detect deficiencies in controls, duplication of effort, fraud, or non-compliance with laws, regulations, and management policies.
• Ensuring the organization is compliant with current legislation and best practices.
• Document audit findings and prepare work papers by firm standards.
2. Client Interactions:
• Maintain professional relationships with clients to enhance client satisfaction.
• Communicate effectively with clients to gather information and resolve audit issues.
• Participate in meetings with clients to discuss audit results and recommendations.
• Knowledgeably answer client audit queries timely.
3. Documentation & Reporting
• Prepare audit workpapers and documentation that are thorough, accurate, and compliant with firm standards.
• Draft audit reports and management letters for review by the audit manager/practice leader.
• Assist in the preparation of financial statements and related disclosures.
4. Team Collaboration:
• Work collaboratively with team members to achieve audit objectives.
• Provide guidance and support to fellow audit associates and interns as needed.
• Participate in team meetings and contribute to continuous improvement initiatives.
• Support the audit team in their daily functions.
• Assist in building internal auditing systems and ensuring correct application.
5. Professional Development:
• Stay updated on current accounting and auditing developments and industry trends.
• Pursue relevant certifications (e.g., CPA) and participate in professional training and development opportunities.
Qualifications:
• Bachelor’s degree in Accounting, Finance, or a related field. A Master’s degree is a plus.
• CPA certification or progress toward obtaining a CPA is highly desirable.
• Experience in public accounting or a related field.
• Familiarity with accounting software.
Working Conditions:
• Office environment with occasional travel to client sites.
• May require extended hours during the busy season.
ELO Benefits:
- Opportunity to work with a well-respected South Dakota firm with nine offices to serve you and your clients.
- Competitive salary to other public and industry accounting positions.
- Annual Bonus program eligibility.
- 401(k) retirement program with up to 5% dollar-to-dollar match.
- Group Health with high ELO contributions, ELO-paid Life Insurance at 2x salary, and other fringe benefits.
- 10 Paid Holidays each year, plus Summer Fridays
- Summer Friday Program – 4-day workweek with Paid time off on Fridays (13 additional days of PTO each year!)