Team Lead at V-Konnect Associates
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Internal Audit Role - Consulting Firm (6-10 yrs)
Duties and Responsibilities :
The type of organization an internal audit manager works for will determine the types of duties they carry out. Based on job listings we analyzed, an internal audit manager's duties typically involve:
- Assessing Risk Management Processes :
A key part of this role is performing full audits, including risk management, control management, and assessing financial reliability. These processes ensure that compliance is met within all the company's systems.
- Guiding Managers and Staff :
Internal Audit Managers act as an objective source of guidance and advice for teams within the company to make sure that developments and processes are legal and work towards achieving company-wide goals.
- Preparing Reports :
Internal audit managers analyze and evaluate accounting documents, preparing reports that reflect the audit results and document the proposed process. These reports are often presented to key members of the company to ensure all staff members are working toward the same goals and complying with regulations.
- Researching Emerging Issues :
Internal audit managers research the latest trends and issues in the industry, determining the scope of the internal audit accordingly. They develop annual plans, which are discussed with managers and stakeholders to agree on systems that will help the business grow.
- Conduct Follow-up Audits :
In order to monitor interventions from management, internal audit managers conduct follow-up audits to make sure that regulations and sector rules are still being met and best practices are being followed.