Tuesday, June 11, 2024

Duties and Responsibilities of an Audit Manager

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Nyongesa Sande
Nyongesa Sandehttps://bizmart.africa
Nyongesa Sande is a Kenyan blogger, Pan Africanist,c olumnist Political Activist , blogger, informer & businesman who has interest in politics, governance, corporate fraud, human rights and television personality.

An audit manager is responsible for organizing and managing internal audits according to audit plans. The responsibilities of audit managers include overseeing the process of audits, making recommendations on policies, and ensuring that the organization fulfills international and governmental obligations of compliance.

Audit Manager Duties:

  • Evaluate all aspects of business operations by conducting and analyzing audits and assessments
  • Prepare and submit reports, including recommendations and/or action plans
  • Perform assessments to determine company performance and identify areas for improvement
  • Inform management about audit results
  • Prepare and oversee the implementation of corrective action plans
  • Promote a positive work environment by motivating and encouraging staff
  • Provide leadership and support to employees

Audit Manager Responsibilities:

  • Maintain, update, and file all construction contracts, SOW, and subcontracts
  • Review and analyze construction schedules, documents, and reports
  • Assist with project budgeting, and oversee all cost budgets
  • Advise on contract changes, as required, and ensure proper documentation
  • Create and maintain electronic records of all project business, including timesheets, invoices, change orders, and correspondence
  • Govern the accounting and finance functions to ensure accurate and timely reporting of project financials and project expenditures
  • Oversee the collection and disbursement of revenues, including contract billings, change orders, and payments
  • Maintain and update the accounting system, including preconstruction, construction, and post-construction activities
  • Lead and facilitate monthly, quarterly, and annual project audits
  • Oversee and oversee all financial activities
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