What is an Internal Audit Manager job?
An Internal Audit Manager is responsible for managing and supervising the internal audit team of a company. The main purpose of this job is to ensure that the company's financial statements and records are accurate and that the company is complying with all relevant laws and regulations.
What usually do in this position?
The Internal Audit Manager is responsible for overseeing the internal audit process, which includes planning and conducting audits, identifying areas of risk, and developing audit reports. They also provide guidance and support to the internal audit team, ensuring that audits are carried out in a timely and efficient manner.
Top 5 skills for the position
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- In-depth knowledge of accounting and auditing principles and practices
- Ability to manage and lead a team
- Attention to detail and accuracy
How to become this type of specialist
To become an Internal Audit Manager, you typically need a bachelor's degree in accounting, finance, or a related field. Some employers may also require a master's degree in a related field or a professional certification such as a Certified Internal Auditor (CIA) or a Certified Public Accountant (CPA). Relevant work experience in auditing or accounting is also typically required.
Average salary
According to Glassdoor, the average base salary for an Internal Audit Manager in the United States is $105,000 per year. However, this can vary based on factors such as location, level of experience, and industry.
Roles and types
Internal Audit Managers can work in a variety of industries, including finance, healthcare, and manufacturing. They may also work for government agencies or non-profit organizations. Some specific roles within the Internal Audit Manager job title include IT Audit Manager, Compliance Audit Manager, and Risk Audit Manager.
Locations with the most popular jobs in the USA
According to data from Indeed, some of the top locations for Internal Audit Manager jobs in the United States include New York, NY, Chicago, IL, Houston, TX, and Los Angeles, CA. However, this can vary based on industry and company size.
What are the typical tools
Internal Audit Managers typically use a variety of tools and software to carry out their work. These may include auditing software such as ACL or IDEA, data analysis tools such as Excel or Tableau, and project management software such as Asana or Trello.
In conclusion
Overall, the role of an Internal Audit Manager is an important one within any organization. By ensuring the accuracy of financial records and compliance with relevant regulations, these professionals play a key role in keeping companies running smoothly and avoiding legal or financial issues. If you are interested in pursuing a career in this field, obtaining relevant education and work experience and developing strong analytical and leadership skills can help you succeed in this challenging and rewarding role.