Internal Audit Manager Skills & Competencies

Sample Manager's Guide: Internal Audit Manager

The Manager's Guide to the Internal Audit Manager Role

This Manager's Guide includes:

  • The complete set of 21 Competencies expected from the role
  • 89 Interview questions for determining a candidate's skill level in each of 21 Competencies
  • 95 Coaching tips for helping incumbent to advance their skills in each of the 21 Competencies
  • 90 Development goals to help measure incumbents' progress in each of the 21 Competencies
  • 256 Recommended resources for progressing education in each of the 21 Competencies
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Roles and Responsibilites

The primary responsibility of the Internal Audit Manager is internal audit, internal controls, risk management, regulatory compliance and reporting functions.

The Internal Audit Manager conducts/leads internal audits to assess the effectiveness of controls, accuracy of financial records, efficiency of operations, and compliance with governmental regulation.

A typical job description for the Internal Audit Manager role may include:

  • Oversees the auditing of accounting and financial data of various departments within an organization.
  • Assists in the design and administration of audit policy and procedure within the organization.
  • May require a bachelor's degree in area of specialty and at least 8 years of experience.
  • Familiar with a variety of the field's concepts, practices, and procedures.
  • Relies on extensive experience and judgment to plan and accomplish goals.
  • Performs a variety of tasks.
  • Leads and directs the work of others.
  • A wide degree of creativity and latitude is expected.
  • Typically reports to top management. .. purchase to view all

Organizational Role

The Internal Audit Manager typically serves as member of management and is considered a senior level consulting within the organization. As such, the Internal Audit Manager provides functional, technical or process leadership. The organization will depend on this person's management of multiple teams. The Internal Audit Manager generally is responsible for high complexity and ambiguity. As such, the Internal Audit Manager provides tactical responsibilities. .. purchase to view all

Internal Audit Manager Job Responsibilities

The Internal Audit Manager generally has the following responsibilities:

  • Developing audit scope, objectives, and work plans, including the selection of appropriate audit tests, identification of key controls, utilization of statistical methods, and use of survey, interview and computer-assisted audit techniques.
  • Designing the strategy and calendar for creating, implementing and enhancing internal auditing procedures.
  • Coordinating year-end external audit of internal controls and business processes.
  • Maintaining awareness of internal control audit trends to assure audit processes remain effective. .. purchase to view all

Internal Audit Manager Competencies

The complete Internal Audit Manager Manager's Guide includes the 21 key competencies expected of Internal Audit Manager. The report defines each Competency in detail. The report also explains what level of proficiency Internal Audit Manager should have in that Competency, as well as how important that Competency is to performing the role well.

Among the 21 Competencies for Internal Audit Manager is... purchase to view all

Audit and Compliance Function

You may observe several behaviors in a person that could be strong indicators of his or her capabilities in the Audit and Compliance Function competency. The Internal Audit Manager is expected to demonstrate Extensive experience in the Audit and Compliance Function competency. To demonstrate Extensive experience in the Audit and Compliance Function competency, one should demonstrate knowledge of and ability to manage the major responsibilities, accountabilities, and organization of the audit and compliance (A&C) function or department.

  • Manages one or more A&C functions or units.
  • Contributes to development of A&C strategies and plans.
  • Facilitates compliance-related business process implementation or improvement initiatives.
  • Contributes to the establishment of best practices for A&C.
  • Implements specific organizational changes made in response to the Sarbanes-Oxley Act.
  • Improves key relationships and dependencies among Audit, IT and other business functions. .. purchase to view all

Audit and Compliance Skills & Competencies

Available Manager's Guides for Audit and Compliance Roles