WHAT DOES AN INTERNAL AUDIT MANAGER DO?
Published: Oct 15, 2025 - The Internal Audit Manager leads the development and execution of financial and operational risk assessments across various business functions, including Sales, SaaS and subscription services, Marketing, Procurement, and Customer Operations. This role involves identifying key business risks, connecting cross-functional insights, and leveraging data analytics to enhance risk awareness and drive continuous improvement. The manager also delivers impactful audit reports and recommendations that improve the effectiveness, efficiency, and strategic value of organizational controls and processes.

A Review of Professional Skills and Functions for Internal Audit Manager
1. Internal Audit Manager Overview
- Operational Management: Develop, organize, and manage the operation of the Internal Audit Department.
- Department Oversight: Responsible for the outcomes of the Internal Audit Department.
- Strategic Planning: Build long-term and short-term plans and goals.
- Audit Coordination: Deliver the audit plan and inventory plan to the Internal Audit Leader and Inventory Counting Leader.
- Problem Solving: Support in resolving complicated problems that may arise during audits or inventory checks.
- Quality Review: Check and review audit and inventory files.
- Report Preparation: Issue and publish audit and inventory reports.
- Risk Management: Review and supervise fraudulent issues, provide risk advisory, propose solutions, and report promptly to the Compliance Director.
- Task Delegation: Assign and monitor work for the Internal Audit Leader and Inventory Counting Leader.
- HR Administration: Make decisions, request recruitment, manage benefits, discipline, and transfer staff within the Internal Control Department.
- Compliance Advisory: Advise the Compliance Director on internal audit issues and provide solutions to improve the internal control system.
- System Improvement: Enhance the internal control system in alignment with each stage of business development.
2. Internal Audit Manager Job Description
- Audit Planning: Assist in preparing a detailed audit plan.
- Risk Assessment: Conduct an audit risk assessment of business processes under review.
- Audit Execution: Execute audit assignments in accordance with approved audit programs and audit checklists.
- Process Review: Conduct audit walkthroughs and document reviews.
- Control Evaluation: Determine the adequacy and effectiveness of controls and ensure the internal control system is functioning as intended.
- Data Analysis: Perform data analysis to highlight useful information, identify patterns, trends, or anomalies, and support audit findings.
- Root Cause Analysis: Perform root cause analysis to gain clear insights into underlying causes of risks and control failures.
- Audit Documentation: Document all audit findings clearly, concisely, and in a timely manner.
- Progress Reporting: Report work progress and audit issues regularly to the Head of Department or Manager.
- Findings Presentation: Assist in presenting and discussing audit findings and management action plans with audit customers.
- File Maintenance: Maintain the audit file in accordance with departmental requirements.
- Process Improvement: Discuss and obtain management action plans to improve operational processes.
3. Internal Audit Manager Duties
- Audit Planning: Provide input to the Internal Audit Plan for agreement by the Audit Committee.
- Scope Definition: Agree on the objectives and scope of audit reviews, and resulting actions with senior management.
- Audit Execution: Perform audit reviews in accordance with the agreed Internal Audit Plan, individual review objectives, and the function’s methodology.
- Findings Communication: Discuss findings with senior management in a timely manner.
- Report Delivery: Deliver high-quality reports that succinctly identify practical opportunities.
- Control Improvement: Enhance the effectiveness of internal controls.
- Governance Reporting: Provide input and insights to Senior Staff Group, Executive Council, Board, and Audit Committee reports.
- Risk Advisory: Act as a point of contact for governance, risk, and control queries, driving and sharing best practices across the Group.
4. Internal Audit Manager Details
- Audit Delivery: Support the Senior Manager or Head of Audit in delivering the audit plan for the area of responsibility, including ad hoc or bespoke audit work on group-wide audits.
- Risk Analysis: Manage audit focus by applying risk analysis skills and professional judgment to identify areas requiring in-depth review.
- Review Leadership: Work on or lead individual reviews from planning to closure.
- Documentation Management: Produce and deliver high-quality working papers and audit files in the Gain system to support review findings.
- Report Writing: Produce concise and high-quality audit reports.
- Team Supervision: Manage other auditors for assigned reviews.
- Objective Achievement: Ensure audit engagement objectives are met.
- Issue Management: Lead issue tracking and oversee issue resolution.
- Stakeholder Engagement: Conduct regular meetings with stakeholders to build awareness of broader risks and issues affecting the control environment.
- Control Improvement: Support management in implementing relevant control improvement initiatives.
- Stakeholder Reporting: Draft reports for key Internal Audit stakeholders (e.g., Audit Committees, Risk Committees, and Board Committees) and influence management actions through them.
- Control Framework: Deliver and enhance a more effective control framework.
- Methodology Compliance: Ensure appropriate application of the Internal Audit methodology.
- Project Contribution: Contribute to wider Internal Audit initiatives and projects.
5. Senior Internal Audit Manager Accountabilities
- Audit Planning: Support the Senior Director of Internal Audit in developing and executing the annual internal audit plan, including franchise compliance audits.
- Audit Oversight: Oversee the execution of both internal audit and franchisee compliance audits.
- Control Evaluation: Support the Senior Director of Internal Audit in assessing compliance with the design and operating effectiveness of DrivenBrands' internal control environment, ensuring adherence to all applicable policies, procedures, agreements, laws, and regulations.
- Result Reporting: Support the aggregation and presentation of audit results and recommendations for remediation or improvement.
- Team Supervision: Supervise the activities of the Franchise Audit Manager and other supplemental audit resources.
- Audit Execution: Plan and complete assigned audits in accordance with accepted professional standards as outlined in the DrivenBrands Internal Audit Charter.
- Fraud Investigation: Participate in certain fraud and whistleblower investigations.
- Process Optimization: Identify and recommend strategies to improve audit efficiency through automation, standardization, and streamlined activities.
6. Internal Audit Manager General Responsibilities
- Audit Investigation: Study accounting and statistical records of locations and interview individuals.
- Regulatory Compliance: Ensure accurate recording of transactions and compliance with applicable laws and regulations.
- System Evaluation: Determine the efficiency and protective value of accounting systems.
- Fraud Detection: Conduct investigations into alleged thefts or fraud situations, including interviews with associates and reporting to upper management, risk management, and/or local authorities.
- System Enhancement: Collaborate with IT on system enhancements related to audits or physical inventory.
- Audit Coordination: Coordinate internal audit and physical inventory schedules.
- External Collaboration: Cooperate with external auditors in activities that may expedite their progress.
- Record Inspection: Inspect items in books of original entry to determine if accepted accounting procedures were followed when recording transactions.
- Asset Verification: Review records related to material assets through physical counts, inventory, and confirmation, and determine the degree of utilization.
- Cash Verification: Count cash on hand, and inspect accounts receivable, payables, negotiable securities, and cancelled checks.
- Transaction Verification: Verify journal and ledger entries for cash and check payments, purchases, expenses, and trial balances by examining and authenticating transactions.
- Data Analysis: Analyze obtained data for evidence of deficiencies in controls, duplication of effort, extravagance, fraud, or noncompliance with laws, regulations, and management policies or procedures.
- Report Preparation: Prepare reports of findings and recommendations for management.
- Fraud Prevention: Conduct special studies for management to identify the mechanics of detected fraud and develop preventive controls.
- Team Supervision: Supervise and guide junior auditors.
7. Internal Audit Manager Roles and Responsibilities
- Data Analytics: Support 3 regional Audit Leads in the preliminary activities of any engagements (data analytics, data mining using dedicated ACL software).
- Fieldwork Support: Participate in fieldwork activities (on-site) to support Audit Lead (attendance to interviews, sample verifications and tests, completing checks of standard work programs).
- Evidence Collection: Collect reliable, relevant and sufficient evidence to support the findings.
- Critical Evaluation: Evaluate them with a critical eye.
- Findings Drafting: Help to draft audit findings identified during fieldwork.
- Recommendation Development: Propose value-added recommendations that deal with the root cause of issues and impact to the organization, obtain management approval, and conclude on risk assurance.
- Action Monitoring: Support the periodic monitoring process of open audit actions by proactively updating KPIs and escalating issues to the team.
- KPI Tracking: Perform tracking and monitoring of the internal audit KPIs (audit status, quarterly open actions’ reports, and feedback survey results).
- Presentation Support: Support the Head of Internal Audit with audit committee presentations as well as the DG executive summary (quarterly).
- Stakeholder Engagement: Participate in quarterly sessions with key stakeholders (e.g., Legal and Compliance, Purchasing, Quality, IT Security, HR).
8. Senior Internal Audit Manager Functions
- Strategy Advisory: Advise on developing the Internal Audit strategy and assist in setting up functions.
- Client Support: Help clients deliver their annual audit plan either by enabling them to fully outsource their function or by using it as a co-source partner, on a range of governance, risk, regulatory, operational, and financial activities, within set deadlines.
- Effectiveness Review: Perform effectiveness reviews of Internal Audit functions, including gap analysis.
- Function Transformation: Transform existing functions to ensure that they are truly relevant, cost-effective, and risk-focused.
- Training Delivery: Deliver training to Internal Audit teams on a variety of relevant topics, including emerging Internal Audit methodology, regulatory themes, and industry issues.
- Relationship Building: Build effective strategic relationships with clients and non-executives.
- Business Development: Support the team in proposals to win additional client work and grow the business.
- Team Leadership: Responsible for leading and coaching junior staff.
- Engagement Management: Assist with wider day-to-day engagement delivery, including planning, budget management, and periodic reporting to clients.
- Strategic Contribution: Participate in team and firm activities to contribute to the broader C&G strategy and strengthen the Internal Audit proposition.
- Technical Development: Proactively develop technical knowledge through self-study, training, qualifications, and industry reading.
9. Internal Audit Manager Duties and Roles
- Audit Leadership: Lead and be accountable for the planning and execution of risk-based, operational, and financial audits under the guidance of the Internal Audit Director.
- Quality Assurance: Responsible for the quality control of audits and the delivery of high-quality audit reports.
- Findings Discussion: Discuss findings with responsible management, focusing particularly on areas of business risk, control weaknesses, and operational efficiency enhancements.
- Report Preparation: Prepare and agree on summary reports of findings and recommendations.
- Follow-Up Review: Undertake follow-up of significant recommendations to ascertain whether improvement actions have been implemented.
- Data Analytics: Involved in further developing the use of data analytics in the planning and execution of audits.
- Project Participation: Involved in business projects or ad hoc assignments (e.g., self-assessment programs, investigations, etc.), contributing risk and control expertise together with analytical and investigative skills.
- Business Awareness: Keep up to date with business developments, including acquisitions, new systems, new products, and services.
- Committee Reporting: Assist in the preparation of quarterly summary reports for discussion with the Audit Committee, BU, or regional management.
- Risk Assessment: Lead and support in the risk assessment for the region.
- Team Development: Continually manage, develop, coach, and support the team.
10. Internal Audit Manager Key Accountabilities
- Process Understanding: Understand business processes and identification of key process risks and related control risks.
- Risk-Based Auditing: Plan and conduct risk-based audits.
- Program Development: Develop audit programs and testing procedures relevant to risk and audit objectives.
- Audit Supervision: Perform and supervise audit procedures to verify the implementation and effectiveness of design controls through testing and interacting with the relevant business stakeholders.
- Findings Discussion: Discuss audit findings and recommendations with stakeholders.
- Control Evaluation: Identify and communicate control observations noted, offering practical solutions relevant to business and related risks.
- Engagement Completion: Ensure successful completion of assigned/planned audit engagements, from start to finish, inclusive of preplanning, fieldwork and wrap-up activities.
- Report Preparation: Prepare and submit timely, quality audit reports.
- Coaching Support: Coach Others to recognize their strengths and encourage them to take ownership of their personal development.
- Special Investigations: Conduct ad-hoc/special investigations and reviews.
- Progress Reporting: Update the Director, Internal Audit on a regular basis, on execution and progress on assigned tasks and any arising significant control issues.
11. Internal Audit Manager Job Description
- Audit Execution: Responsible for assisting in the execution of financial, operational, information systems, and compliance audits.
- Control Evaluation: Evaluate the effectiveness and efficiency of the internal control environment.
- Audit Leadership: Lead execution of less complex audits to evaluate the effectiveness and efficiency of the internal control environment in compliance with audit standards.
- Process Understanding: Perform interviews and walkthroughs to understand business processes, including risks, internal controls and any potential control gaps.
- Testing Procedures: Perform audit testing of more complex audit areas to meet audit objectives in compliance with audit standards.
- Documentation Quality: Create high-quality audit documentation in compliance with audit quality standards.
- Issue Identification: Identify internal control issues and improvement opportunities that are meaningful and practical.
- Stakeholder Communication: Communicate audit status, testing results, observations and improvement recommendations to stakeholders.
- Report Preparation: Assist in the preparation of formal written reports to communicate audit results to management.
- Documentation Review: Review documentation of less experienced audit staff to ensure it meets audit quality standards.
- Staff Coaching: Coach audit staff and provide meaningful and timely feedback.
- Contract Management: Assist in managing contracted audit staff.
12. Internal Audit Manager Additional Details
- Team Management: Manage a team of 2 senior auditors, with occasional additional resources from other regions.
- Audit Planning: Participate in the construction of the audit plan, in coordination with the Deputy Head of IA, regional management and functions.
- Audit Leadership: Lead internal audits and investigations in SWL and in other LDC regions.
- Data Analysis: Compile and interpret key data points that will facilitate a risk-based approach to performing the audit.
- Process Walkthroughs: Perform walkthroughs of key processes with auditees to validate process documentation and assess risks around internal controls.
- Hands-On Supervision: Note that the position requires the manager to be hands-on and on the field during the audits, to coach/supervise the senior auditors and review the most sensitive/complex processes.
- Issue Resolution: Gain auditees’ agreement on issues, their root cause and appropriate corrective actions while maintaining positive relationships.
- Report Preparation: Prepare audit reports for Group and Regional management.
- Advisory Role: Act in an advisory and consulting role, including monitoring management's progress on remediation activities.
- Department Improvement: Contribute to department improvement initiatives.
- Control Monitoring: Participate in Continuous Control Monitoring and Continuous Audit programs, i.e.
- IT Controls: Identify weak controls that can be mitigated by IT automated controls and implement them, leveraging on HighBond-based infrastructure.
- Stakeholder Engagement: Engage with control owners, understanding their needs and constraints, proposing solutions, and overall, being able to lead a project from A to Z with regular updates provided to management.
13. Internal Audit Manager Role Purpose
- Audit Planning: Make a significant contribution to defining, agreeing and communicating the annual audit plan with/to key business partners.
- Audit Delivery: Manage the delivery of significant portions of the annual plan plus management requests, using Chubb Internal Audit’s methodology, tools and quality standards.
- Expert Contribution: Contribute expertise to the planning and execution of assignments.
- Complex Assignments: Undertake selected complex or sensitive assignments on a solo basis.
- Team Leadership: Develop and lead up to five members of the audit team.
- Talent Recruitment: Take the lead in recruiting high-calibre professionals to build out the team.
- Staff Coaching: Coach assigned staff in the use of effective risk assessment techniques and assist them with expanding their audit skills and developing their insurance knowledge.
- Professional Development: Facilitate an environment conducive to their professional development.
- Co-Sourcing Management: Play a role in implementing and administering the external co-sourcing arrangements.
- Stakeholder Relations: Play a senior role in maintaining relationships with key partners such as Audit and Risk Committees, Executive Managers, the external auditor, the PRA/FCA, Lloyd’s, and colleagues in the wider Chubb Internal Audit department in the Asia Pacific and Latin America.
- Quality Assurance: Play a significant role in departmental quality assurance and make a major contribution to developing the effectiveness of services provided to clients through innovative and efficient working practices.
- Global Contribution: Contribute also to the global Chubb Internal Audit management forums.
14. Internal Audit Manager Key Accountabilities
- SOX Compliance: Coordinate and manage Custom Truck’s day-to-day SOX compliance activities, including risk assessments and scoping, control design assessments, testing of controls, evaluation of deficiencies, and development of remediation plans.
- Audit Management: Plan and manage operational, financial, compliance, and IT audit engagements that provide value to management.
- Risk Assessment: Participate in and lead risk assessment interviews to develop a risk-based annual audit plan.
- Process Improvement: Lead benchmarking and other initiatives to improve business processes, internal controls, and make processes more efficient, effective, and/or reduce cycle time for SOX compliance.
- Stakeholder Coordination: Coordinate SOX testing and remediation activities with multiple stakeholders, including internal and co-sourced resources, external audit, IT team members, control owners, managers, and executive management.
- Report Analysis: Review and analyze attestation reports (SSAE18) from service providers.
- External Collaboration: Work effectively with external auditors to facilitate increased reliance and minimize duplication of efforts.
- Risk Consulting: Proactively provide risk and controls consulting in situations where new systems or processes are being implemented.
15. Internal Audit Manager General Responsibilities
- Management Participation: Actively participate in management meetings and/or committees.
- Business Awareness: Ensure that Internal Audit is well-informed of key business developments that could have an impact on audit priorities and/or plans.
- Risk Assessment: Assess business process environments to identify process improvements and potential financial, operational, and compliance risks.
- Training Support: Provide guidance and training to internal audit team members and process/control owners on internal control compliance matters and requirements.
- Control Monitoring: Implement a Continuous Control Monitoring (CCM) mechanism using data analytics and other technologies.
- Report Preparation: Prepare audit reports and presentations for management, executive management, and Audit Committee meeting materials.
- Technical Knowledge: Stay current on new technical literature applicable to the internal control process (e.g., PCAOB guidance, SEC, COSO) and remain abreast of emerging trends and best practices around internal controls.
- Industry Practices: Maintain a current knowledge base of audit industry practices and ensure best practices are always considered.
16. Internal Audit Manager Responsibilities and Key Tasks
- Assurance Delivery: Deliver the assurance reviews assigned within the agreed budget to the agreed quality standard, from the commencement of the review through to the conclusion, including the production of a report and agreement of findings and agreed actions with management.
- Risk Consideration: Ensure that issues identified and the management/mitigation thereof are a key consideration of business/division plans.
- Team Collaboration: Work closely with the wider Internal Audit team to identify and focus work on areas of greatest importance/exposure to the Group.
- Action Follow-Up: Complete follow-up reviews of actions on a regular basis.
- Report Preparation: Create high-quality, value-adding, commercially focused reports identifying areas of deficiency with clear and concise recommendations.
- Issue Remediation: Partner with the business in remediating any issues identified, exploring possible solutions with key stakeholders and following through.
- Action Tracking: Agree on action plans and obtain regular updates on the progress of those plans.
- Project Management: Manage multiple projects concurrently and support other ad hoc projects as they arise.
- Advisory Services: Deliver advisory services to business stakeholders, including giving controls advice or assisting in project governance.
- Stakeholder Relationships: Develop long-term working relationships with key business stakeholders and within Internal Audit and other commercial functions.
17. Internal Audit Manager Responsibilities
- Audit Planning: Provide direct support to the Head of Internal Audit (HIA) in designing and delivering the 2022 internal audit plan and promoting effective internal controls.
- Assignment Leadership: Lead a range of assignments, including audits, major business project support, continuous assessment, ad hoc advice and guidance, and communicating the results of assignments to the appropriate senior business unit management.
- Deputy Role: Deputise for the Head of Internal Audit when HIA is unavailable.
- Risk Assessment: Participate in the annual top risks and audit planning process.
- Methodology Development: Assist the Head of Internal Audit in representing the department on any developments to the audit approach, methodologies, and audit documentation.
- Compliance Assurance: Ensure ongoing adherence with Group standards.
- Recommendation Monitoring: Timely monitoring/escalation of the implementation of recommendations.
- Stakeholder Relations: Build and maintain relationships with senior management and key stakeholders within the local Amundi business perimeter and keep abreast of internal and external changes.
- Team Collaboration: Assist in building a strong team working relationship through sharing knowledge, skills and experience, focusing on a shared vision to enable successful team working.
- Management Engagement: Engage regularly with the local Head of Internal Audit, ensuring that all matters arising, relevant affairs and concerns/assurances regarding the local internal control framework are brought to his/her attention.
18. Internal Audit Manager Roles
- Client Relationships: Build trusted relationships with C-level executives.
- Client Management: Take the lead role in maintaining primary contact with clients.
- Advisory Solutions: Partner with clients to solve complex business problems and provide best-in-class audit advice and solutions.
- Relationship Development: Develop lasting relationships with client personnel and seek to further these relationships through quality product delivery.
- Business Understanding: Responsible for understanding clients' business and demonstrating technical competence in offered solutions.
- Service Optimization: Identify opportunities to integrate product solutions and resources to optimize client service capabilities.
- Technical Leadership: Actively discuss technical and industry trends, and seek opportunities to demonstrate and coach the team on the job.
- Mentorship Development: Seek opportunities to interact with and mentor personnel at various levels, including participating in the creation and rollout of training and developing skill sets.
- Control Testing: Review, evaluate, and test controls in a wide range of environments across diverse industries.
- Solution Communication: Communicate control strengths and weaknesses to the clients or internal audit engagement team and develop effective solutions.
- Project Management: Ensure timely completion of assigned project phases.
- Report Delivery: Ensure delivery of audit reports on findings and recommendations to senior management.
19. Internal Audit Manager Essential Functions
- Audit Program Development: Develop and implement risk-based audit programs around various financial crime frameworks (AML, BSA, Anti-bribery, OFAC Sanctions, etc.).
- Audit Execution: Perform and support audits in the areas of third-party risk, finance, and risk management.
- Risk Assessment: Identify risks, assess mitigating controls, and make recommendations on improving the overall control environment.
- Remediation Monitoring: Monitor management’s implementation of control measures and follow up on remediation plans.
- Business Understanding: Develop and maintain an in-depth understanding of business areas, their products, and supporting functions.
- Governance Reporting: Communicate and report on the effectiveness of the firm’s governance, risk management, and controls that mitigate current and evolving risks.
- Compliance Review: Understand and challenge various compliance and risk programs and policies, including through testing and monitoring.
- Thought Leadership: Serve as a thought leader throughout the organization and strive for continuous improvement.
- Regulatory Awareness: Stay abreast of laws, rules, and regulations impacting financial institutions to ensure regulatory risks are properly identified.
- Findings Reporting: Draft and report audit findings and make recommendations for correcting unsatisfactory conditions, improving operations, and reducing costs.
- Policy Compliance: Ensure that audit work conforms to Global Audit policies and procedures.
20. Internal Audit Manager Tasks
- Program Development: Develop audit programs and create testing strategies for key controls under the supervision of the Head of Internal Audit.
- Control Testing: Execute tests of internal controls within the assigned budget.
- Documentation Standards: Complete work papers accurately, completely, and as instructed, following Audit Department standards.
- Control Evaluation: Analyze audit results and conclude on the design and operating effectiveness of internal controls.
- Findings Identification: Identify audit findings and make recommendations.
- Report Preparation: Prepare and/or review internal audit reports of findings and recommendations for delivery to management.
- Client Meetings: Lead meetings with clients for the purpose of presenting audit findings and recommendations, and conduct audit opening meetings with clients.
- Issue Monitoring: Monitor audit findings to ensure effective resolution.
- Audit Planning: Assist in developing the annual audit plan for the assigned client group.
- Project Leadership: Monitor the progress of audit projects under his/her responsibility and provide appropriate leadership in completing the project according to department objectives.
- Policy Revision: Recommend revisions to audit policies, procedures, and programs.
- Audit Representation: Represent Internal Audit at management meetings.
- Relationship Management: Actively build and manage relationships with business partners.
- Fraud Investigation: Lead or participate in fraud investigations.
21. Internal Audit Manager Roles and Details
- On-Site Testing: Perform on-site testing of finance processes and controls.
- Documentation Preparation: Prepare review digital binders evidencing the testing performed and conclusions.
- Control Assessment: Assess and conclude the status of key controls, which includes issuing practical recommendations for remediation/improvement and agreeing on action plans to be deployed by the relevant management.
- Action Planning: Agree on action plans with local management for the remediation of control deficiencies.
- Report Preparation: Prepare reports detailing deficiencies and recommendations for improvements.
- Assessment Execution: Execute an efficient and effective assessment approach.
- Work Completion: Ensure that all assigned work is completed according to schedule and within the established budget parameters.
- Follow-Up Review: Perform periodic follow-up on the agreed action plans.
- Control Monitoring: Monitor monthly internal control self-assessment.
22. Internal Audit Manager Additional Details
- Audit Planning: Assist in developing and executing the internal audit plan.
- Regulatory Compliance: Ensure appropriate coverage and compliance with Company policy and external regulations, including SOX.
- Issue Identification: Assist in identifying issues and processes that need improvement.
- Solution Development: Develop and propose solutions and conduct related training and provide communications to store and corporate personnel.
- Technology Innovation: Provide innovative and cutting-edge technological solutions.
- Process Improvement: Help improve the overall efficiency of the entire internal audit function, including SOX compliance and controls monitoring, process and procedural improvements, compliance reviews, and risk management activities.
- External Partnership: Partner with an independent internal audit services firm and internal risk management personnel.
- Risk Protection: Design and perform procedures considered necessary to protect company assets from risk of loss.
- Policy Collaboration: Collaborate with other departments to modify company policies.
- Department Partnership: Partner with the Information Technology and Risk Management departments.
- Control Monitoring: Develop and communicate appropriate monitoring and reporting tools that would ensure adequate monitoring of controls and compliance with company policies.
- Audit Support: Assist with external financial audit preparation and monitoring of all audit-related costs to develop a budget.
- Operational Evaluation: Assist in the evaluation of store and corporate operations and controls to improve the efficiency and effectiveness of the internal audit store team.
- Ethical Conduct: Demonstrate a high level of integrity and ethics to promote a culture of prudent and ethical practices.
- Customer Service: Provide excellent customer service to internal customers and partner with other functions to improve processes and create value.
23. Internal Audit Manager Responsibilities and Key Tasks
- Audit Planning: Work with the Head of Internal Audit to develop and implement a robust audit plan on an annual basis, which appropriately covers key risks to the business.
- Project Leadership: Lead (to include plan, perform and review) these internal audit projects across the business units.
- Control Efficiency: Ensure internal controls within business processes are efficient and effective.
- Risk Mitigation: Mitigate operational and strategic risks to acceptable levels, ensure assets are adequately protected, and confirm that significant financial, managerial, and operating information is accurate, reliable, and timely.
- Audit Execution: Perform audit work, including scoping and planning of the audit, completing work papers, identifying audit issues and findings, and preparing audit reports.
- Assignment Management: Manage performance of audit assignments, review work papers and audit reports, and edit reports prepared by other auditors.
- Action Planning: Identify practical and sustainable management action plans jointly with management.
- Issue Resolution: Ensure action plans properly address the risk as well as drive necessary improvements and efficiencies.
- Advisory Support: Work with appropriate management in an advisory capacity until the matters are appropriately resolved.
- SOX Implementation: Support the Internal Controls team to ensure the SOX program is robustly implemented.
- Process Improvement: Provide added value insight and process improvement to drive efficiency and consistency across the business units.
- Special Projects: Perform special projects across one or more of the business units, including SOX.
- Value Promotion: Promote Internal Audit as a value-add to the organization and deliver audit services that consistently improve the control environment and achieve operational excellence.
- Team Development: Manage, coach, and develop staff, including participating in talent management, staff evaluation, and new hire processes.
24. Internal Audit Manager Responsibilities
- Risk-Based Auditing: Execute a risk-based audit approach, in accordance with departmental standards, policies, and procedures.
- Audit Execution: Perform franchise and corporate audits.
- Recommendations Development: Make practical and reasonable recommendations in the audit report to improve any control deficiencies or process-related issues.
- Findings Presentation: Discuss and present audit findings to management and franchise ownership groups.
- Report Drafting: Draft audit reports and review with management and franchise ownership groups.
- Report Issuance: Audit reports are issued to the company executive, franchise ownership, and senior management groups.
- Documentation Preparation: Prepare audit documentation and assist in recommending remediation for control deficiencies.
- SOX Support: Assist with SOX and other corporate governance-related projects.
- Special Assignments: Participate in special assignments as requested by the Director of Internal Audit.
- Risk Assessment: Assist with the enterprise annual risk assessment.
- Data Analytics: Assist with data analytics and other continuous auditing routines.
- IT Auditing: Participate in audits of ITGCs and other IT application testing.
- Financial Audit Support: Assist with interim and year-end audit procedures related to the annual audit of the financial statements.
- Stakeholder Liaison: Liaise with internal and external business partners, including franchisees and external auditors.
25. Internal Audit Manager Details
- Engagement Execution: Execute and complete engagements in alignment with the annual audit plan.
- CSOX Management: Manage the CSOX program, which includes the planning, fieldwork, and reporting phases.
- Process Enhancement: Implement processes to enhance the overall program and ensure its effectiveness and efficiency.
- Process Improvement: Implement other annual internal audit process improvement or complete audit-related projects.
- Data Analytics: Develop and maintain the department’s big data analysis program to support CSOX and other audit engagements.
- Standards Compliance: Comply with the Institute of Internal Auditors International Standards for the Practice of Professional Internal Auditing.
- Quality Assurance: Review all assigned engagements to ensure the Institute of Internal Auditors Quality Assurance Standards (QARs) are met.
- Team Mentorship: Support, coach, and mentor the team.
- Resource Management: Manage the proficient use of contracted resources in executing the audit program, specifically the quality of work, final deliverables, and budget.
- Stakeholder Collaboration: Effectively engage, manage, and work with internal subject matter experts on all audit engagements.
- Presentation Support: Assist in developing and/or presenting materials for EPCOR Senior Management or the Board.
- Knowledge Sharing: Ensure audit knowledge is shared and transferred amongst all Internal Audit staff.
26. Internal Audit Manager Details and Accountabilities
- Risk Assessment: Participate in the development and execution of financial and operational risk assessments over VMware sales, business operations, and programs.
- Audit Execution: Responsible for auditing across a range of activities, including areas such as Sales and Deal Management, SaaS and subscription services, Partner Programs, Marketing, Vendors and Procurement, Acquisition Integrations, and Customer Operations.
- Business Understanding: Learn new business models and identify business risk drivers, connecting the dots across business processes and systems, providing management with new insights.
- Process Evaluation: Leverage internal audit and risk management skills to critically assess processes, systems/tools, and culture/people.
- Continuous Improvement: Identify opportunities for continuous improvement and help raise awareness of strategic, financial, operational, and compliance risks.
- Innovation Initiatives: Continually innovate the ways in which Internal Audit raises risk awareness through emerging trends and leveraging data analytics.
- Work Program Execution: Execute audit work programs with professional care and diligence, integrating as a critical team member on assessments.
- Critical Thinking: Apply critical thinking in the synthesis of observations to focus on the risks and impacts that are of most importance to stakeholders.
- Report Preparation: Draft reports on audit observations, along with recommendations that improve the effectiveness, efficiency, and economic value of a control or process.
27. Internal Audit Manager Key Accountabilities
- Audit Ownership: Own risk-based audits based on business and emerging risks and proactively seek stakeholder agreement.
- Agile Auditing: Support in the design and delivery of an agile audit approach in an increasingly digital environment.
- Audit Execution: Plan, execute, and report on risk-based audits (including major programmes and initiatives) in line with audit methodology.
- Risk Solutions: Agree on pragmatic solutions that balance the business benefit against the associated risk.
- Team Management: Manage the work of junior team members and/or loan staff from a professional services firm, providing timely feedback and coaching.
- Special Projects: Undertake special project work or line responsibilities, as agreed with the Head of Audit, Audit Director, or the Chief Audit Officer.
- Stakeholder Engagement: Build strong relationships with business management and proactively drive faster and more effective improvements in internal controls.
- Audit Support: Support the Director with planning and performing Financial, Operational, and Compliance audits.
- Risk Understanding: Understand the audit and risk universe applicable to Alcon’s business.
- Risk Assessment: Assess and prioritize risks and develop testing methodologies to evaluate the sufficiency of controls.
- Process Insight: Provide insight on processes and help the Director make a determination of gaps, identify solutions, and work with stakeholders to implement the solutions.
- Documentation: Document the outcomes of testing and other audit procedures.
- Process Improvement: Identify opportunities to improve audit processes and provide feedback to the Director to enhance the audit work program.
28. Internal Audit Manager Job Description
- Audit Execution: Carry out audit engagements from the Annual Plan.
- Assignment Management: Manage audit assignments being completed by Internal Auditors.
- Scope Definition: Determine and agree on the objectives and scope in conjunction with the Head of Internal Audit.
- Audit Planning: Prepare and complete planning documentation, including the scope and Risk and Controls Matrix for more complex audit reviews, identifying key risks and controls, and managing audit assignments being completed by Internal Auditors.
- Risk Assessment: Conduct risk assessments for engagements and review and assess the suitability of internal control design.
- Control Evaluation: Complete or review audit reviews of Company processes and functions, and review and assess operating effectiveness of key controls, including designing and conducting audit testing of the specified area and identifying reportable issues and dimensions of risk.
- Service Development: Support the development of internal audit managed services, including implementing new ways of working, alternative team models, and leveraging best use of technology and innovation capabilities.
- Regulatory Awareness: Understand the regulatory environment and the changes on the horizon.
- Preparedness Assurance: Ensure that business and clients are equally prepared for these.
- Governance Oversight: Assume responsibility for quality, risk, and governance and seek ways.
- Process Improvement: Continually improve processes, driving efficiencies, and automating processes using technology.
- Performance Monitoring: Monitor quality metrics, budgets, and team performance and report to Senior Management and Leadership.
- Stakeholder Management: Maintain strong professional relationships with key client stakeholders.
29. Internal Audit Manager Essential Functions
- Standards Development: Lead to the creation of the Group Standards, contribute to the evaluation of internal control, and correctly apply the Group Standards in the different entities.
- Audit Execution: Responsible for all stages of a review of specific processes in the context of an audit mission (e.g., the sales/customer cycle, the purchasing/supplier cycle, the supply chain/stocks, Treasury, Wages/HR, etc.), from information gathering and carrying out tests according to an established methodology to drafting conclusions and recommendations and finalizing the report.
- Findings Presentation: Summarize and present the conclusions of the audit to the Management Teams.
- Mission Facilitation: Implement the actions required to facilitate the execution of the mission within the set deadlines.
- Group Reporting: Contribute to analyses by informing the Group of weaknesses identified so that corrective actions at the Group level may be implemented.
- Regulatory Awareness: Remain continuously up to date with developments in internal control rules, charters, and other internal standards.
- Department Improvement: Contribute to the continuous improvement of the department's know-how (methodology, expertise, relations with entities, etc.).
- Risk Assessment: Contribute to Internal Audit Risk Assessment and Annual Audit Plan development.
- Audit Implementation: Conduct Internal Audit assignments according to the annual audit plan and implement the audit plan in group company locations, as well as for process and project audits at Sonova HQ, including planning meetings, audit procedures, business review, gathering, and analyzing data.
- Action Follow-Up: Follow up with the business unit controlling on agreed actions and report overdue actions to the Management Board and the Audit Committee of the Board of Directors.
- Team Coordination: Coordinate and proactively communicate findings and observations within the Internal Audit and Risk team.
30. Internal Audit Manager Duties
- Client Portfolio Management: Manage a portfolio of clients and relationships, including working with some of Deloitte’s largest internal audit clients nationally.
- Engagement Leadership: Manage the end-to-end engagement lifecycle for engagements through structured problem solving, solution development, timeline management, and financial management.
- Strategic Development: Support the strategy and development of practice capability in emerging IA focus areas (e.g., Agile IA, integrated assurance, risk culture, assurance automation).
- Staff Mentorship: Mentor junior staff in the early stages of their career.
- Relationship Building: Build authentic and trusted relationships with clients and the broader Deloitte firm.
- Client Advisory: Focus on building practice and becoming a trusted advisor for clients and connecting them with the right skills within Risk Advisory and the broader firm.
- Team Leadership: Serve as a mentor to internal audit staff, conduct quality assurance reviews of deliverables, contribute to hiring decisions and training of new staff, support Internal Audit department objectives (including audit plan fulfillment), and communicate results to the Director, Internal Audit.
- Program Management: Manage and further develop Sonova's Internal Audit Guest Auditor Program.
- Knowledge Sharing: Enhance best practice sharing within the Sonova Group by maintaining an internal knowledge and best practice library and disseminating related information across the Group.
- Process Improvement: Contribute to the continuous improvement of the internal audit process and audit methodology through the implementation and introduction of audit tools and techniques.