Statutory Accountant Guide - Hire or get hired
Your complete guide to the Statutory Accountant Role: Duties, salary & hiring tips
Purpose of the Statutory Accountant
The Statutory Accountant ensures the preparation of accurate and compliant statutory financial statements and coordinates the external audit process. This role is critical in maintaining regulatory compliance and financial transparency.
Statutory Accountant's duties and responsibilities
• Statutory Reporting:
Prepare and lodge statutory financial statements in accordance with local regulations and IFRS/GAAP.
Ensure disclosures are accurate, timely, and audit-ready.
• Audit Coordination:
Liaise with external auditors, manage audit timelines, and respond to technical queries.
Prepare audit schedules and reconcile key accounts.
• Compliance & Regulation:
Stay updated with changes in accounting standards and ensure they are reflected in reporting.
Assist with corporate governance and compliance obligations.
• Financial Consolidation:
Perform consolidations for multiple entities and manage intercompany reconciliations.
• Technical Support:
Provide technical accounting guidance and documentation to internal stakeholders.
Prepare and lodge statutory financial statements in accordance with local regulations and IFRS/GAAP.
Ensure disclosures are accurate, timely, and audit-ready.
• Audit Coordination:
Liaise with external auditors, manage audit timelines, and respond to technical queries.
Prepare audit schedules and reconcile key accounts.
• Compliance & Regulation:
Stay updated with changes in accounting standards and ensure they are reflected in reporting.
Assist with corporate governance and compliance obligations.
• Financial Consolidation:
Perform consolidations for multiple entities and manage intercompany reconciliations.
• Technical Support:
Provide technical accounting guidance and documentation to internal stakeholders.
Requirements and qualifications for a Statutory Accountant
• CA/CPA qualified
• 3–5 years’ experience in statutory or external reporting
• Strong knowledge of IFRS/GAAP and audit practices
• Experience working with auditors and regulatory bodies
• ERP and advanced Excel proficiency
• 3–5 years’ experience in statutory or external reporting
• Strong knowledge of IFRS/GAAP and audit practices
• Experience working with auditors and regulatory bodies
• ERP and advanced Excel proficiency
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2024 was a challenging year for businesses across all sectors, leading to a slowdown in recruitment. As we move into 2025, while the market has slowed, job seekers remain open to new opportunities if salaries and workplace conditions meet expectations. Employers must move quickly and offer compelling value beyond compensation.
Qualified accountants remained the hardest to hire in 2024, with 40% of businesses citing them as the most difficult to fill, followed by transactional finance (17%) and payroll roles (14%). In-demand roles such as finance managers, systems accountants, and specialists in data analytics and sustainability reporting indicate a shift in workforce priorities.
To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
Qualified accountants remained the hardest to hire in 2024, with 40% of businesses citing them as the most difficult to fill, followed by transactional finance (17%) and payroll roles (14%). In-demand roles such as finance managers, systems accountants, and specialists in data analytics and sustainability reporting indicate a shift in workforce priorities.
To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
