Post-Graduate Auditing Fellow

Public Company Accounting Oversight Board (PCAOB)

Apr 5

Job
Full-time
Entry Level
Accounting & Tax
$62.5K - $88K
Chicago, +2
Quick Apply

AI generated summary

You need a Bachelor's in Accounting, pursuing a CPA, keen on auditing standards, strong communication skills, teamwork, critical thinking, and industry knowledge.
You will research, analyze, and support the development of auditing standards and policies, participate in outreach activities, and assist in preparing briefings for external parties.

Requirements

Bachelor’s degree in Accounting or related field.
Taking steps to obtain a CPA license or equivalent license.
Interest in PCAOB auditing and related professional practice standards including independence, ethics, attestation, and quality control standards; relevant accounting standards; and SEC financial reporting requirements.
Excellent oral and written communication skills.
Ability to collaborate and promote teamwork, solve problems, and be receptive to new ideas.
Ability to challenge the status quo, take initiative, and be proactive and innovative.
Ability to use research, analysis, and experience to inform decisions.
Ability to stay abreast of current developments and industry trends relevant to accounting and auditing.

Responsibilities

Participate on inter-disciplinary research teams to conduct research and outreach regarding key matters affecting audits of issuers and SEC-registered brokers and dealers, to identify problems requiring regulatory action, and to develop and analyze regulatory policy alternatives.
Support research activities that include evaluation of academic research, empirical data, and observations from PCAOB oversight activities.
Provide support with outreach activities that may involve a variety of experts and parties of interest, including academic researchers, investors, financial executives, audit committee members, and auditors.
Participate in inter-disciplinary teams to develop, based on research and outreach, standard-setting releases setting forth new and revised auditing and professional practice standards, along with accompanying regulatory analysis of the reasons for change and potential impacts of the changes.
Development of releases includes identifying and making recommendations addressing key policy questions regarding the project.
Review, analyze, and summarize public comments in response to proposals and assist in resolving policy considerations.
Support briefings to the Board, the SEC, and other external parties (e.g., provide a summary of research and outreach activities performed including insights gained, key policy issues identified, and public comments received).
Support the development of staff guidance to highlight for auditors and the public new, emerging, or noteworthy circumstances that may affect how auditors conduct audits under, or otherwise comply with, the existing requirements of the standards and rules of the PCAOB and relevant laws.
Support OCA’s preparation for meetings of the PCAOB’s advisory groups, including the development of briefing materials.
Assist in certain OCA administrative tasks.

FAQs

What is the duration of the Post-Graduate Auditing Fellow position?

The term of the position will be for one year.

What will the Post-Graduate Technical Fellow be responsible for?

The Fellow will assist OCA staff in advising the Board on the establishment of auditing and related professional practice standards and engaging with various stakeholders in the accounting profession.

Where can the Post-Graduate Auditing Fellow be located?

The Fellow can be located in the Washington, DC (Headquarters), New York, NY, or Chicago, IL office.

Who will the Post-Graduate Auditing Fellow report to?

The Fellow will report to the Associate, Chief Auditor but will also receive support and direction from seasoned professionals within the organization.

Public Company Accounting Oversight Board (PCAOB)

The PCAOB oversees the audits of public companies and SEC-registered brokers and dealers.

Finance

Industry

5001-10,000

Employees

2001

Founded Year

Mission & Purpose

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission (SEC), including compliance reports filed pursuant to federal securities laws. The PCAOB has four primary duties: - Register public accounting firms that prepare audit reports for issuers, and SEC-registered brokers and dealers. - Establish or adopt auditing and related attestation, quality control, ethics, and independence standards. - Inspect registered public accounting firms' audits and quality control systems. - Investigate and discipline registered public accounting firms and their associated persons for violations of specified laws, rules, or professional standards. In support of our mission, we also conduct economic research and risk analysis, engage with our stakeholders and other domestic and international regulators, and manage a talented workforce and the technology and resources we need to perform our duties. The SEC has oversight authority over the PCAOB, including the approval of the Board's rules, standards, and budget. The PCAOB has approximately 800 staff members. We maintain our headquarters in Washington, D.C., and have 15 other offices or locations across the United States. As of December 31, 2021, in 83 jurisdictions across the globe, 1,709 public accounting firms were registered with the PCAOB.