Internal Audit Manager Job Description, Duties, and Responsibilities
What Does an Internal Audit Manager Do?
An internal audit manager is saddled with the task of managing internal audit assignments for an organization or company. He or she can also make use of staff from a consulting firm in order to achieve organizational goals.
The job description of internal audit managers involves making recommendations to correct financial anomalies and positioning of the organization for long-term success.
The manager is responsible for planning, assigning, and supervising the daily tasks given to other auditors in the organization.
He/she helps to train and develop procedures that mitigate fraud in an organization or company so as to achieve the audit objectives and goals of the organization.
Internal Audit Manager Job Description Example/Sample/Template
An internal audit manager undertakes different functions to ensure effective management of an organization’s internal audit processes and procedures.
The sample job description below shows various major objectives, purpose, tasks, duties, and responsibilities that most employers commonly require internal audit managers to perform:
- Assist to develop the organization’s yearly audit plan
- Handle audit assignments, review all paperwork and audit reports
- Review the reports that were prepared by other auditors
- Initiate different project planning and help to assess risk
- Develop audit direction for the rest of the auditors in the organization
- Provide leadership to other auditors on various assigned tasks and ensure satisfactory outcomes
- Perform different audit tasks which include preparation, paperwork, and other associated reports
- Help to verify the exactness of different financial situations as they relate to liabilities, assets, expenditures, receipts, and other transactions
- Take part in the coordination of audit assignments and ensure good interactions with the administrators, staff, external auditors and law enforcement agencies
- Participate in the development and implementation of policies by providing short and long-term planning
- Recommend different methods that could help to enhance and improve control procedures
- Work with the management to resolve issues that may have been identified through audit findings
- Conduct follow-up on all the different audit assignments given to other auditors
- Make a research on the latest trends and other issues relating to the industry
- Guild and advise the team in the organization to ensure that the development and processes adopted are legal, and work to achieve a wide range of organizational goals
- Ensure proper documentation of the results of the audit evaluations
- Plan and allocate resources and staff in accordance with their skills and schedules
- Ensure that audit software are up-to-date
- Perform other related assignments as assigned by the management.
Requirements – Skills, Abilities, and Knowledge – For Internal Audit Manager Role
To be sure that applicants for the internal audit manager role will be able to effectively perform the duties and responsibilities contained in the role’s work description, employers usually list a set of requirements they must have to qualify to access it.
Shown below is a list of major skills, abilities, knowledge, and qualifications you will need to have if your application for the post of manager of internal audit will be accepted by most employers:
- Bachelor’s degree in Accounting, Accountancy, or Finance
- Strong knowledge of standards, procedures, and general auditing policies
- Possess great interest in working with different people
- Strong ability to supervise and train employees, including organizing, prioritizing, and scheduling of work assignments
- Effective and explicit communication skills in both oral and written forms
- Ability to analyze and solve problems relating to auditing and related disciplines
- Ability to foster a friendly work environment for team members
- Deep knowledge of the processes of the courts and legal documentation
- Strong knowledge in the area of financial record keeping procedures, laws, and regulations
- Exceptional ability to motivate, persuade, and influence others
- Ability to analyze data and give correct interpretations
- Computer skills: possess knowledge of Microsoft Suites, including Microsoft Word, Excel, and PowerPoint; and also proficiency in the use of audit and accounting software
- Possess good interpersonal skills
- Strong organizational skills, which relates to the prioritizing of workloads and showing a great level of resilience and calmness even when under pressure
- Demonstrate a high level of integrity to be able to adhere to regulations and its total compliance
- Strong ability to take initiatives and make sound decisions.
If you are an employer or senior hr executive hiring for the post of internal audit manager in your company or organization and need to make a good description for the role, the job description example provided in this article will be useful to you.
Using the content of this article, you will be able to make a great work description that can effectively guide applicants in deciding if they possess what it takes to succeed on the internal audit manager job or not, and that will help you to attract the best qualified people to your organization.
This post is also helpful to individuals desiring to start a career in the internal auditing field.
They will be able to learn a lot about the obligations of the internal audit manager and so will be able to decide if that is the perfect career choice for them or not.
Did you find this post helpful in learning about what internal audit managers do? Please, make a comment in the box below. And if you work as a manager of internal audit in your organization, do kindly share your job description.