What is a Audit Manager doing? Job description and responsibilities

What does a Audit Manager do?

The Audit Manager is responsible for overseeing and managing the company's internal audit function. This includes planning and executing audits, assessing risks, and ensuring compliance with regulatory requirements. The Audit Manager reports directly to the Chief Financial Officer (CFO) and collaborates with other departments to improve internal controls and mitigate risks.

Responsibilities of Audit Manager

• Develop and implement audit plans and strategies to ensure compliance with internal policies and external regulations.
• Lead and manage a team of auditors, providing guidance and support in conducting audits and reviews.
• Review and evaluate the effectiveness of internal controls and risk management processes.
• Identify areas of potential risk and recommend improvements to mitigate those risks.
• Conduct thorough and objective audits of financial statements, operational processes, and internal controls.
• Prepare audit reports detailing findings, recommendations, and action plans for management.
• Collaborate with other departments to ensure timely resolution of audit findings and implementation of corrective actions.
• Stay updated on industry best practices and changes in regulations to ensure audit processes remain effective and compliant.
• Provide training and guidance to staff on audit methodologies, techniques, and tools.
• Foster a culture of integrity, accountability, and continuous improvement within the audit team.