Job Description

Audit Associate – US Not-for-Profit (NFP Audit)

Location: India (US Audit Delivery Team)

Shift: US Shift

Experience: 2–4 Years

Service Line: US Audit – Not-for-Profit

About the Role

We are looking for an Audit Senior / Senior Associate to join our US Audit – Not-for-Profit (NFP) practice in India. This role will exclusively support US-based Not-for-Profit clients, including foundations, associations, NGOs, and charitable organizations.

The position involves end-to-end execution of US NFP audit engagements, close coordination with US engagement teams, and hands-on responsibility across planning, execution, and reporting.

Key Responsibilities

US NFP Audit Execution

  • Execute audits of US Not-for-Profit entities in accordance with US GAAP, and AICPA standards
  • Perform audits of:
  • Net assets (with & without donor restrictions)
  • Contributions, grants, pledges, and donor restrictions
  • Functional expense allocation
  • Program service revenue
  • Endowments and restricted funds
  • Independently handle high-risk audit areas
  • Design and execute audit procedures based on engagement risks
  • Prepare and review workpapers with strong documentation standards

Planning & Reporting

  • Assist in audit planning, risk assessment, and test plan development
  • Perform preliminary and substantive analytical procedures
  • Prepare and review US GAAP financial statements and disclosures
  • Draft audit deliverables and support final issuance
  • Coordinate with US onshore teams to resolve review comments

Client & Team Interaction

  • Communicate audit status, issues, and observations to US seniors/managers
  • Supervise and review work performed by junior team members
  • Provide guidance, on-the-job training, and review feedback
  • Ensure adherence to timelines and engagement budgets

Required Skills & Expertise

  • Strong understanding of US Not-for-Profit accounting and auditing
  • Hands-on experience with:
  • US GAAP for NFPs
  • Fund accounting concepts
  • Donor-restricted vs unrestricted funds
  • Ability to prepare and review complex audit documentation
  • Strong analytical, problem-solving, and communication skills
  • Experience working in US shift and with US clients/teams

Qualifications

  • 3+ years of public accounting experience in US Audit
  • Prior experience in Not-for-Profit (NFP) audits is mandatory
  • CPA / CPA Pursuing / CA preferred
  • Proficiency in MS Excel, Word, and PowerPoint
  • Experience with US audit tools (CaseWare, CCH, ProSystem, or similar) is a plus

Why Join SAX

  • Exposure to 100% US-based Not-for-Profit clients
  • Structured career growth in US Audit
  • Stable workload with long-term client engagements
  • Opportunity to work closely with US leadership teams
  • Learning-driven environment focused on audit quality and ownership

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