Experience Level: Typically has 5-7 years of experience in public accounting, including experience in a senior role.
● Role: Takes full responsibility for multiple audit engagements, from planning to completion. This includes managing the audit team, overseeing the entire audit process, ensuring compliance with relevant regulations, and maintaining high standards of work quality.
● Client Interaction: Serves as the main point of contact for clients, building and maintaining client relationships. The Audit Manager is responsible for understanding the client's business, addressing concerns, and ensuring client satisfaction.
● Technical Skills: Highly proficient in audit and accounting standards. Expected to identify and resolve complex audit issues and provide technical guidance to the team.
● Leadership: Plays a significant role in team development, including mentoring Audit Seniors and other staff. Also involved in performance evaluations, training, and recruiting efforts. In some firms, Audit Managers may also contribute to business development by identifying new opportunities with existing clients
● Accounting Principles: Public accounting professionals must have a solid understanding of Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), depending on the region.
● Tax Laws and Auditing Standards: Knowledge of tax regulations, auditing standards (such as PCAOB standards in the U.S.), and other financial regulations is crucial for ensuring compliance and accurate financial reporting.
