Audit Manager

What is an Audit Manager?

An Audit Manager is responsible for overseeing internal operating controls, processes and practices. They may also recommend changes and enhancements to existing policies and controls to make sure they are current, adequate, functional and utilized in accordance with standards established by the government and the company. Some Audit Managers will manage a team of junior auditors or accountants, reviewing their works and providing guidance.

These professionals must be technically and mathematically proficient. That’s because there are thousands of tools and software programs available for auditors, and many of them have become ubiquitous in the corporate landscape. Exposure to major enterprise resource planning systems like SAP and Oracle as well as other technologies is critical to success and ongoing career progression.

Education Requirements

  • Bachelor’s degree in a specialty area such as accounting, finance or business administration
  • Eight years of hands-on accounting or auditing experience
  • At larger companies, you may be expected to have earned a master’s degree or an advanced professional certification as a certified public account (CPA), certified internal auditor (CIA), or certified information systems auditor (CISA)

Audit Manager Essential Skills

  • In-depth knowledge of GAAP guidelines and Sarbanes-Oxley rules and regulations
  • Strong background and experience with audit methodologies and techniques
  • Prior success conducting external or internal audits
  • Ability to build relationships while asking tough questions
  • Excellent written and oral skills
  • Strong time management and organizational skills

Audit Manager Roles & Responsibilities

  • Plan and perform operational and financial audits
  • Identify business process risks
  • Develop testing methodologies to evaluate the adequacy of controls
  • Document the results of the evaluations
  • Develop recommendations and reports based on audits and presenting these ideas to senior management
  • Formulate professional development and educational plans for junior staff members
  • Plan and allocate resources and individuals in accordance with skills and schedules

Day-to-Day Duties

  • Ascertain business process threats
  • Develop professional development procedures for the low-ranking staff of the organization
  • Organize and distribute resources and manpower in harmony with abilities and schedules
  • Produce reports that underline problems and providing prospective ways out
  • Guarantee obedience with external and internal requirements

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