What's it like to be an Audit Manager?
An Audit Manager's primary responsibility is to oversee an audit team's work and examine various companies' financial records. Whether they specialise in a particular industry or work as a general business auditor, Audit Managers may travel to different business offices to conduct thorough audits, review accounting and financial records, and supervise a team to ensure accuracy and efficiency. Once an audit is complete, Audit Managers must write a detailed report.
Tasks and duties
- Planning and executing audits of financial statements and internal controls.
- Evaluating the effectiveness of risk management processes.
- Identifying areas of improvement in business operations and recommending solutions.
- Communicating audit findings and recommendations to management.
- Developing and maintaining relationships with clients.
- Ensuring compliance with regulatory requirements and accounting standards.
- Managing and training audit staff.
- Reviewing and analysing financial data and reports.
- Supporting documentation of audit work and results.
- Conducting follow-up reviews to ensure the implementation of recommendations.
How to become an Audit Manager
To become an Audit Manager, it is necessary to obtain a bachelor or master’s degree in finance, accounting, or business administration. Specific organisations may also mandate certification, such as being a Certified Internal Auditor (CIA) or Certified Public Accountant (CPA).
Complete a degree or ACCA (Association of Chartered Certified Accountants) in accounting, finance, or a related field.
Start at an entry-level position and be part of an audit team to learn the best practices and be mentored by more senior audit members.
Add to your credentials by getting additional licences, such as a Certified Quality Auditor (CQA) or Certified Internal Auditor (CIA), from reputable institutions like the Association of Chartered Certified Accountants (ACCA). To maintain professional certifications, you’ll need to meet specific experience requirements, clear the examination, and obtain continuing education credits.
Seek more opportunities to learn on-the-job and explore higher roles to widen the scope and deepen your expertise.
Consider pursuing higher education, such as a master's degree in finance, for your professional development.