Audit Supervisor Responsibilities
Audit supervisor responsibilities includes the supervision of the lower audit staff-members. He is responsible for directing them to complete audit projects successfully on the given deadline and ensure their compliance. He reviews the audit work and finalizes the report.
Key Responsibilities of Audit Supervisor
Audit supervisor is responsible for constructing audit plans and programs to ensure that they are in line with the current auditing standards. There is a requirement for audit supervisor wherever auditing is necessary. Let us understand in detail the key responsibilities handled by an audit supervisor:
- Supervise and guide the professional audit staff-members regarding the audit procedures
- To constantly evaluate and monitor the audit procedures and make them compliant with the standards outlined
- To review the reports by evaluating the financial and operational records
- To make recommendations for improving the operational procedures, streamlining of the auditing project by decreasing the turnaround time
- To develop and modify the plans as per the priority of the work assigned and ensure that the instructions are followed
- To resolve the problems faced by the subordinates and provide appropriate solutions to promote the teamwork
In addition to these responsibilities he is responsible for performing the following duties as well:
- He is actively involved in the hiring and selection of the candidates so that adequate staff is scheduled especially during the peak season.
- He is also involved in the training and developmental plans and motivates them to give best performance by designing rewards and career advancement opportunities
- He reviews the audits and ensures their quality, accuracy and its conformance with the policies of the department
- He documents and evaluates the performance, provides a feedback and maintains the reports. He also designs developmental plans for the enhancement of their assigned work
- He handles the difficult projects and assignments and provides directions to the subordinate to achieve the goals set by the organization
- He constantly keeps in touch with the staff, informs and updates them on the latest developments related to auditing
- He may also need to perform any other work assigned to him
Essential Skills for an Audit Supervisor
To be successful as an audit supervisor you need to have at least some of the following essential skills:
- Excellent communication skills, both written and oral are essential to convey the important information in a clear, concise and effective manner to individuals or groups
- To identify the problem areas faced by the subordinates and develop action plans to resolve the issues
- To be able to meet the targets on the given deadline
- To constantly monitor audit staff and ensure that discipline and standards are being followed appropriately
- Should have excellent time management and organizational skills
- Should be able to make the right decisions keeping in mind the impact it will have on the organization's goals and objectives
He should be able to provide training and design developmental plans for improving the efficiency of the subordinates. He should be able to review, direct and guide the audit staff and manage the workload to achieve maximum output. He should be well-versed with the auditing standards, software and should be adaptable to new changes.
Educational Requirements for an Audit Supervisor
A BS degree or business administration degree is the minimum requirement. A master's degree in accounting, taxation, audit or finance is preferred. A professional certification in audit, a CPA or CIA certification is definitely a plus. Experience in the relevant field will prove to be helpful.
Work Hours of an Audit Supervisors
The audit supervisor works in a standard routine. His work schedule normally lasts for forty to forty five hours per week. He may need to work for extended hours depending on the priority of the project.
Career Advancement
Relevant work experience of four to six years as an audit supervisor will help you to get promoted as a head of internal audit or you can become an audit director as well.
Audit supervisor responsibilities if well-handled can help in ensuring the growth success of an organization. It will also help in your professional as well as personal development.
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