Audit Project Manager Responsibilities

The individuals who are interested in providing financial and auditing services can definitely aim to take up a career of an audit project manager. Auditing is essential to reflect the transparency in the financial transactions that have taken place in an organization. Audit project manager responsibilities comprise planning and execution of audits to develop a vision that will help in achieving the goals and objectives of the organization.

Key Responsibilities of an Audit Project Manager

Audit project managers review the project, conduct the auditing procedures to identify the risks in the project and evaluate plans for managing those risks. The role and importance of audit project manager can be realized by getting a detailed insight on the key responsibilities that are performed by him. Here is a list of the tasks that are undertaken by him:

• To conduct a thorough research on the auditing areas and conduct comprehensive audits of the same
• To evaluate and manage the risk factors involved in the audit project
• To ensure the quality and integrity of the audits done by providing the requisite audit information
• To derive conclusions based on the audits conducted, maintain the documentation and papers related to the audit work by making use of statistical, quantitative and computer aided techniques
• To ensure the quality and adequacy of audits is in accordance with the auditing standards
• To train, mentor the audit staff assigned to the project and evaluate their performance

He constantly keeps in touch with the clients to understand his priorities and achieve maximum client satisfaction. He should ensure successful completion of the project on the given deadline. The functions should be carried within the given auditing budget. He formulates policies, procedures and guidelines for the assigned audit project and evaluates the overall condition of the project.

Essential Skills for an Audit Project Manager

• He should possess excellent knowledge of the principles and techniques of the auditing procedures and must have a deep understanding of fiscal planning, management and budgeting.
• He should be able to demonstrate exceptional time management and organizational skills to ensure timely completion of the project.
• He should be an excellent team player with strong communication skills to be able to convey the audit relevant details in a clear, concise manner.
• He should be proficient in computers and must be able to retrieve, maintain and update any audit related data whenever required.
• He should have an ability to work under pressure and meet the deadlines by assuring completion of project that is compliant with the auditing standards.
• He should be able to maintain complete confidentiality related to the auditing aspects.
• He should have an ability to lead and supervise the team to perform the tasks assigned to him.

Educational Qualifications

A bachelor's degree in business administration with a special emphasis on accounting, economics, finance, business, CIA or CPA is preferred. A relevant auditing experience or internship is definitely preferred.

Work Hours

Forty to forty five hours per week is the normal working schedule for an audit project manager. Depending on the deadline and priority of the work that needs to be completed the work hours may get extended. He may even need to work late in the evenings, weekends or even on public holidays.

Salary Details

The salary is totally dependent on the kind of experience he has in handling different kinds of auditing projects. An experienced candidate will surely get a handsome salary package. It is also equally dependent on the academic qualifications.

Career Advancement

The advancement opportunities are bright and he may need to handle a post that requires him to handle more responsibilities and has more authority and power.

Thus, for the successful implementation of a project it is essential that the audit project manager responsibilities are carried out effectively and efficiently. This in turn ensures that all the accounting discrepancies are eliminated. It is one of the best ways to confirm whether the rules, policies and procedures are followed by the company as well as its employees.