Audit Manager
Squar Milner LLP
Total years of experience :10 years, 3 Months
• Provide assurance services to publicly-traded (integrated and non-integrated) and privately-held companies through-out San Diego County.
• Industry concentrations include: Life Science, Technology, Software, Employee Benefit Plans, Not-for-Profit entities, Manufacturing, and Real Estate.
• Performs audits of financial statements in accordance with: PCAOB standards under the SEC; U.S GAAS under U.S. GAAP; IAS for under IFRS (Australia based).
• Plan, perform, and review testing of controls, SOX 404 testing, 10-K consolidated financial statement audits, and 10-Q quarterly reviews.
• Experience in IPO process, S-1, S-8, S-3, public debt and follow-on offerings, agreed-upon procedures, and post-report review procedures.
• Responsible for daily management of audit engagements, supervising staff and senior auditors, providing on-the-job feedback and maintaining regular communications with clients and Squar Milner executives.
• Experienced at preparing technical accounting memos including researching and documenting accounting guidance, results, and conclusions.
• Participates in meetings with client executive management (i.e. Controller, VP of Finance, Director of Accounting, and CFO).
• Develop budgets for new and continuing engagements for appropriate staffing, schedules, and deadlines.
• Coordinate with cross-functional teams including component/primary audit teams, tax, financial audit IT, and other internal specialists to ensure timely completion of deliverables.
• Significant accounting and audit work performed: business combinations, including variable interest entities, hedge accounting, classification of debt and equity financing (distinguishing liabilities from equity), derivatives and hedging, contingent considerations, complex revenue transactions (software revenue recognition, contract revenue, and collaboration revenue), and inventory (manufacturing)
• Primary client engagement was selected for PCAOB Inspection; engagement passed with no comments or findings.
• Participate in marketing initiatives to acquire and/or expand professional services.
• Analyzed complex revenue recognition issues and performed contract review including analyzing transition adjustments required as part of the adoption of Topic 606 - Revenue from Contracts with Customers
• Initiate and comply with a marketing plan for acquiring and/or expanding professional services.
• Exhibit technical proficiency and the ability to supervise entire engagements and responsible for executing the engagement and supervising professional personnel as applicable.
• Develop complete knowledge of the firm’s philosophy and conversant with its reports, letters and manuals relating to matters of policy and the firm’s position regarding audit/accounting and other technical areas.
• Direct the work effort during an engagement in relation to the budgeted time and scheduled completion dates as well as assist in administrative matters as assigned by the partner(s), and recognize opportunities for additional (permitted) services to existing clients.
• Coach, lead, and mentor associates and interns on audit methodology, communication with the client, general audit procedures, and audit documentation.
• Develop audit plans that address relevant accounting and audit standards. Determined staffing requirements and coordinating the involvement of specialists in the audit. Reviewed financial statements or reporting packages for completeness and accuracy.
• Keep up-to-date with any changes or planned changes to accounting standards, or other pronouncements and understand their impact upon the audit strategy. Prepare and critically review financial accounts to ensure they fully meet company law and financial reporting requirements.
• Execute control testing and walkthroughs of all key cycles including revenue, inventory, accounts receivable, sales commissions, accounts payable, accrued liabilities, and financial statement close process to asses compliance with SOX 404.
• Identify key areas and resolve significant accounting issues, including revenue recognition, acquisitions, and equity. Demonstrate the ability to identify key areas and resolve significant accounting issues that impact clients' industry. Prepare technical memorandum around these complex accounting issues.
• Budget, plan, organize, and administer all phases of financial statement audits including fraud and industry risk analysis, multi-location scoping, account fluctuation and trend analysis, internal control testing, and financial statement substantive testing.
• Lead team planning and post interim events to discuss audit strategy plans and results. Oversee and plan the work of seniors and staff, and also provide mentoring and coaching. Teams supervised ranged from two to five including cross-sectional departments such as tax and IT.
• Develop risk profile: identify, compile, measure, assess, prioritize risks (operational, financial reporting and compliance) and controls by process (inherent risk, control risk and audit risk)
• Assess internal control environments and identify significant processes to test. Perform SOX 404 procedures in various complex control environments and coordinate test of controls with internal audit departments.
• Prepared management letters and audit reports for Boards of Directors and Executive Management highlighting recommendations for improving operating efficiencies and internal controls.
• Review client financial statements and related footnote disclosures (10-Ks, 10-Qs, S-11s etc.) to ensure compliance with GAAP and regulatory reporting requirements.
• Participate as the lead on a high profile IPO. Prepare and finalize management comment letter for recommendation.
• Prepared and communicated to senior executives engagement economics including hours and profitability of various clients.
Master of Business Administration in Entrepreneurship and Small Business Management
B.S., Business Administration - Accounting