Statutory Audit || Manager Job Description Template
The Statutory Audit Manager will be responsible for supervising audit projects, ensuring that auditing processes meet legal and regulatory requirements. The role involves detailed planning, execution, and review of audits, while managing audit teams and maintaining robust client relationships.
Responsibilities
- Oversee and manage the statutory audit process from planning to completion.
- Ensure compliance with financial regulations and auditing standards.
- Review audit work to ensure accuracy and completeness.
- Communicate findings and recommendations to senior management and stakeholders.
- Manage and mentor junior audit staff and ensure continuous professional development.
- Coordinate with internal and external stakeholders to facilitate the audit process.
- Develop and implement audit procedures and methodologies.
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- Professional certification such as CA, CPA, or equivalent.
- Minimum of 5 years of experience in statutory audit, preferably with managerial experience.
- Strong understanding of auditing standards and financial regulations.
- Exceptional analytical and problem-solving abilities.
- Excellent communication and interpersonal skills.
Skills
- Audit Management
- Regulatory Compliance
- Financial Reporting
- Team Leadership
- Analytical Skills
- Communication Skills
- Risk Assessment
- GAAP
- IFRS
- MS Excel
Frequently Asked Questions
A Statutory Audit Manager oversees the auditing process to ensure accuracy and compliance with legal regulations and organizational policies. They manage audit teams, review financial information, prepare audit reports, and provide recommendations to improve financial efficiency and effectiveness. They also liaise with clients to understand their needs and ensure that all statutory obligations are met.
To become a Statutory Audit Manager, one typically needs a degree in accounting, finance, or a related field, plus professional certifications such as CPA or ACCA. Substantial experience in accounting or audit, often over five years, is usually required. Strong leadership, communication, and analytical skills are essential, alongside the ability to manage multiple projects and meet tight deadlines.
The average salary for a Statutory Audit Manager varies based on location, experience, and company size. Generally, they earn a competitive salary that reflects their expertise and the complexity of their responsibilities, often accompanied by additional bonuses and benefits. Salary may also differ slightly between industries such as finance, public sector, or large multinational corporations.
Qualifications required for a Statutory Audit Manager typically include a bachelor's degree in accounting, finance, or a related field, complemented by professional qualifications such as CPA, ACCA, or CA. Extensive experience in auditing and financial reporting is crucial, along with knowledge of statutory requirements, regulations, and industry standards. Excellent analytical and managerial skills are also important.
A Statutory Audit Manager must possess strong analytical skills, attention to detail, and a deep understanding of audit procedures and accounting standards. They are responsible for leading audit teams, coordinating audit tasks, and ensuring compliance with statutory regulations. Outstanding communication, problem-solving abilities, and the capability to mentor and manage teams efficiently are also vital aspects of their role.