What is the audit manager doing?
In general, the primary function of the audit administrator is to supervise the activities of the Audit Department. This department ensures that financial reports are observed by policies, laws and regulations. The manager is responsible for planning various tasks from the management level and delegates jobs if necessary to subordinate. They usually include the obligations it should perform audits according to the adopted audit procedures in the field, hiring and training and ensuring the procedures of the audit meet the legal requirements.
There are organizations with their own internal audit teams. In such organizations he plans the audit manager and manages audit tasks. When the audit is performed, it is the manager's duty to examine the financial records thoroughly and ensure that they are accurate. Given the large financial fraud and accounting dishonesty, the audit administrator is necessary in the past to ensure that his team implements strict checks on financial reports in order to accumulate a high level of integrity.
In addition to ensuring compliance with the law, afterLithuania and regulations may be required by the audit manager for investigations if there are charges of fraud. The question of fraud has serious consequences and the manager must be thorough in his inspection. If it is revealed, the manager is obliged to report this matter to the competent authorities.
Specialization is also an aspect of the audit. For example, a manager may seek expertise in the field such as information technology. For example, a manager with expertise in this area will generally oversee and control data management. It ensures that sensitive data is not lost or manipulated, among other things.
Some organizations do not have internal auditors and rely mainly on companies that specialize in this domain. When the organization hires the company provides audit services, there will be an audit nursery that will supervise this process. The manager will inspect the financial statements to make sure they do not existNo irregularities. In addition, it will analyze the controls that the organization has introduced and thus measure their effectiveness and efficiency.
Audit manager can also work for the government. In this role, the manager may be responsible for supervision of various activities. These include the audits of private individuals and corporations, especially if there are suspicion of tax evasion, money washing or any other criminal activities.
Most often, the tasks of the audit administrator require that the candidate has an internal audit or accounting title, preferably at a postgraduate level. In addition, it may be obliged to have one of several industrial certifications. This includes a designation such as a certified internal auditor (CIA), a certified auditor of internal systems (CISA) and certification in self -evaluation (CCSA).