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6-10 years of experience
Start-up of Internal Audit department. Developed and maintained a risk based plan from the evaluation of the control environment. Prepared the department budget, created and maintained audit programs and assigned audits to a staff of 4. Financial, operational and compliance reviews were planned and performed on various business units and retail locations. Reviews included assurance of proper internal controls, cost effectiveness analysis and compliance with company policy and procedures. Reviewed audit reports and work papers to ensure all observations were supported. Communicated with clients during the initial engagement, during and at audit exit. Oversaw all follow up audits.
- Identified $800K revenue recognition error resulting in additional revenue, profit and financial statement accuracy.
- Detected fraud through the Point of Sale (POS) database averaging $50K annually.
- Developed and chaired an Inventory Shrink improvement program, resulting in reduced shrinkage.
- Part of task force assigned to select and implement a new POS, Merchandise and Data warehousing applications.
- Chaired the Disaster Recovery program, which identified company vulnerabilities. Implemented action plans to reduce risk of down time and lost revenue.
- Developed a Store Operations manual resulting in enhanced compliance with store policies and procedures.
- Created Regional and District Manager Store Audit Programs.
0-5 years of experience
Internal Audit Manager for $3B decentralized global dental medical device and supplies business. Responsible for developing and leading the execution of the global audit plan. Lead various strategic projects to increase efficiency of operations globally.
- Re-designed the audit planning process by developing and implementing “guiding principles†which led to better risk coverage and partnership with the external audit firm and a 5% reduction in external audit fees
- Evaluated key strategic projects and present potential cost-savings or operations streamlining tactics to Senior Management and the Board of Directors on a periodic basis
- Provided ongoing coaching and training to junior staff and guest auditors to ensure efficient execution of audit programs
- Developed and implemented internal controls training that was implemented globally for all key employees, leading to a 22% reduction in identified internal control deficiencies
0-5 years of experience
Evaluated key risk areas to define audit scope, objectives, and audit approach, from planning to execution of audit engagements, including communicating audit results to management.
- Utilized ACL software for various data analytics in planning the audit scope.
- Integrated SOX 404 audits as part of internal audits and saved $20k in external audit costs in first year.
- Reviewed, approved, and finalized audit work papers completed by audit staff and consultants. Ensured audit work papers complied with professional standards.
- Prepared audit reports for Management and Audit Committee.
- Performed special projects and assisted business units in evaluating and improving business processes, identifying risks, and key controls for SOX 404 compliance.
- Recruited and supervised internal audit staff, summer interns, and consultants.
0-5 years of experience
Managed and coached eight direct reports, comprised of six senior auditors and two staff auditors.
- Assisted in reducing audit timeframes by 50%.
- Determined the scope of process audits based on current state of the auditee.
- Reviewed process audits and SOX validation testing performed by the staff, prior to providing the reports to the VP of Internal Audit.
- Analyzed and updated the current schedule for the department, including process and IT audits.
- Assisted with Audit Committee presentation preparation.
0-5 years of experience
Assisted in remediation of Management Letter comments resulting from the company’s 2002 external audit. Once cleared, company able to come out of bankruptcy and file for public status.
- Created operational, financial and compliance audit programs and reviewed and approved corresponding testing and work papers completed by audit staff.
- Wrote and presented audit reports to executive management.
- Created SOX test matrices utilized in determining adequacy of internal controls within the organization. Conducted and managed SOX related testing.
- Created global work paper templates used during the performance of the 2005 audit plan.
- Managed up to 5 Senior and Staff Auditors. Performed semiannual performance reviews and provided ongoing feedback regarding staff strengths and areas of improvement.
0-5 years of experience
Executed working knowledge of corporate policy and procedures and regulatory requirements to ensure organizational compliance
- Assisted in the development and on-going management of the internal audit function (new function) for a multi-billion dollar healthcare system
- Developed and maintained standardized audit programs to monitor, assess and analyze financial as well as organizational risk and controls for the newly formed internal audit function
- Planed and conducted financial, operational, and compliance audits of hospital and company operations
- Demonstrated autonomous decision making and critical thinking skills in performing analytical procedures, ensuring the effectiveness of the scope of the audit; expanding or decreasing testing to commensurate with the audit findings
- Identified various business risks and areas for efficiency improvements and communicated directly with all levels of the organization
- Documented, assessed and tested business process flows and control activities to achieve audit objectives in areas of regulatory compliance, finance, operations and SOX 404
- Assisted the external accounting firm in performing their audits of the company, as needed
0-5 years of experience
Planned, staffed and managed integrated risk based audits of a $10 billion automotive dealership group. Led the Sarbanes Oxley 404 compliance team which successfully executed the SOX 404 business cycle test plans ensuring the operating effectiveness of internal controls over financial reporting, documented test results, identified and communicated deficiencies to senior management. Managed fraud and anti-money laundering reviews of local dealership groups.
- Performed due diligence reviews for the purchase of dealerships.
- Achieved significant cost savings by reducing the reliance on consultants for implementation of Sarbanes Oxley.
- Proposed, developed and implemented the use of desk audits to obtain 100 percent entity-wide audit coverage.
0-5 years of experience
Assisted the Internal Audit Director in the development of the annual risk assessment and audit plan, as well as completion of the plan
- Led internal audit exit meetings to discuss findings and management action plans, and planned and executed follow-up testing to ensure action plans were properly implemented
- Assisted the Internal Audit Director in overseeing Sarbanes Oxley compliance
- Oversaw and mentored senior level staff members
- Developed individual audit work plans, reviewed work papers, scheduled audits, and oversaw adherence to the schedule
- Ensured internal audit staff received adequate training to stay abreast of new audit standards or topics
6-10 years of experience
Managed 12 team members in the development, implementation, and execution of the operations and compliance assessment strategy for 1800+ stores.
- Evaluated the effectiveness of internal control policies and influence best practice change by utilizing root cause analysis of audit results across multiple units.
- Managed and executed a proactive continuous risk assessment process focusing on emerging risk throughout the corporation.
- Optimized team structure by cross training team members, aligning responsibilities with development
- Established rapport and influenced varying levels of leadership including Store multi-unit leaders and HQ Vice Presidents and their pyramid leaders.
0-5 years of experience
Responsible for the internal audit and compliance program and managed staff of 2 compliance officers to ensure regulatory compliance for a $1.3 billion bank holding company.
- Reported results of the Bank’s annual audit plan to the Audit Committee in accordance with the established audit charter/policy.
- Monitored completion of annual audits performed by the Bank’s assigned internal auditors for Human Resources / Payroll, Accounting Operations, Deposit Operations, Wires/ACH/Internet Banking, Loan Operations, Mortgage Operations, Accounts Payable/Fixed Assets/Accrued Liabilities, and the Bank Secrecy Act (BSA) compliance program.
- Monitored clearing of audited exception items for corrective action.
- Conducted audits of the Bank’s branch office locations in accordance with operating procedures and regulations.
- Formed a committee to develop the Bank’s Sarbanes-Oxley (“SOX”) compliance program in anticipation of the Bank to become a publicly-traded company.
- Monitored completion of the Bank’s current FDIC Improvement Act (“FDICIA”) compliance program.
0-5 years of experience
Created and conducted a risk based audit plan
- Reported the results of audit findings to Audit Committee & Board
- Evaluated the system of internal controls and assessed deficiencies
- Successfully conducted multiple fraud investigations
- Implementation of one audit recommendation could potentially save company over one million
- Established the “Alert Line” for employees to report fraud confidentially
- Drafted and implemented Corporate Code of Conduct
10+ years of experience
Performed variance and trend analysis for the revenue and expense numbers reported by the Company.
- Audited and tested journals, purchase orders, invoices, payroll, fixed assets, square footage, statistics, organ acquisitions, bad debts, statements, medical records, physician logs, rotation schedules, etc.
- Reviewed and interpreted the Company’s contracts, policies and procedures.
- Prepared and presented formal audit reports to management based on findings.
- Tested and made recommendations to improve the audit program to the development of risk-based audit plans.
- Trained and assisted new auditors.
10+ years of experience
Performed variance and trend analysis for the revenue and expense numbers reported by the Company.
- Audited and tested journals, purchase orders, invoices, payroll, fixed assets, square footage, statistics, organ acquisitions, bad debts, statements, medical records, physician logs, rotation schedules, etc.
- Reviewed and interpreted the Company’s contracts, policies and procedures.
- Prepared and presented formal audit reports to management based on findings.
- Tested and made recommendations to improve the audit program to the development of risk-based audit plans.
- Trained and assisted new auditors.
0-5 years of experience
Created and managed work flows/desktop procedures for the various Private Banking, Entertainment, Middle Market and Commercial Real Estate groups to ensure compliance lending and various federal and banking regulations (Anti-Money Laundering Act, Bank Secrecy Act, Know Your Customer)
- Revised, created and implemented new internal control procedures to ensure accuracy of new account documentation relating to personal, corporation and partnership relationships
- Responsible for internal audit for the various supporting business units
- Analyzed cost center P/L to compare actual expenses to budget and reported material variance to management
- Managed a staff of five bank officers that supports the Private Banks and Middle Market operations
- Served as liaison for compliance and operational procedures to Retail Banking Centers relating to any Private Banking /Middle Market procedures
- Served as a lead for the implementation and rollout of the Executive Signature Banking product (Now Accounts) to comply with the FDIC’s new policy for insured products
0-5 years of experience
Directed internal audit function for $1 billion commercial bank. Supervised three auditors. Reported to Audit Committee and EVP & Chief Operating Officer.
- Managed SOX compliance program consisting of > 300 key controls.
- Streamlined SOX certifications, reducing compliance burden by ~ 45%.
- Managed/supervised co-sourced IT audits (e.g., general controls, end-user application controls, change management, network security, disaster recovery, electronic commerce); prepared IT audit reports.
- Projects included BSA/AML, ACH, Borrower in Custody, commercial lending, branch administration.
- Assisted KPMG with year-end financial statement audits; regulatory examiner liaison.
0-5 years of experience
Promoted to execute all facets of global Internal Audit and ERM engagements and advise Executive leadership and the Audit Committee on effectiveness of internal controls and governance practices.
- Planned and executed global financial and operational audits affecting multiple functions and developed recommendations which improved controls over balance sheet disclosures, transfer pricing, cash management and regulatory compliance.
- Managed staff of 4 Senior Auditors and project staff to ensure quality and timeliness of work, adherence to audit standards, and completeness of objectives.
- Led ERM workshop to introduce the benefits of portfolio risk management and integrating ERM as a core strategic process.
- Coordinated and executed BP Group strategic risk assessment process which identified significant down side risk exposures related to annual and five-year strategic plan assumptions.
- Streamlined external auditor Sarbanes Oxley (SOX) review and reduced scope budget by estimated 35% through implementation of internal SOX risk assessment and controls validation program.
6-10 years of experience
Developed risk rated internal audit plans and related scope documents
- Created database to monitor & report status of audit recommendations
- Investigated irregularities of executive fraud
- Developed effective audit quality control policies and procedures
- Audited 10Q and 10K SEC filings for compliance with GAAP
0-5 years of experience
Developed initial operational and financial narratives defining operational and financial risks and remediation. Developed risk control matrices and evidence of effective internal controls over financial reporting. Reviewed and reported on methods that demonstrate proper controls relating to and reporting on operational and financial activities. Initiated compliance with the International Professional Practices Framework (IPPF).
- Facilitated the development and implementation of the Enterprise Risk Management (ERM) initial review, development of top ten risks, and remediation plans according to the COSO Framework.
- Evaluated divisional risks to create annual audit plans based on divisional and corporate risk.
- Reviewed and evaluated the entity level controls including company Code of Conduct, Audit Committee and Internal Audit Departmental Charters and established an Ethics Compliance Hot Line.
- Employed analytical and other procedures to isolate anomalies and perform detailed reviews of transactions to identify potential fraud using computer assisted auditing techniques (CAAT).
- Performed an operational review leading to revised freight methodologies with minimum savings of $1,000,000 per year.
- Developed and implemented continuous audit program metrics for key supplier, production, inventory, sales, and receivable data using computer assisted auditing techniques (CAAT).
- Audited sales reporting methods leading to recovery of $350,000 in unbilled customer charges.
- Reviewed automated manufacturing systems recommending documented continuos improvement, consistent backup, change management, restore, recovery, storage, and training methods.
0-5 years of experience
Reporting to CFO, overall responsibilities included management of 3 audit staff, development and execution of annual audit plan for a $2B business with over 100 branch locations globally.
- Revamped branch assessment tool to compare performance of 150+ branches based on key business metrics (including Gross Margin, Revenue, Working Capital utilization, etc.)
- Implemented branch scorecard to provide management with improvement targets & more closely align local performance to overall business initiatives
- Completed business-wide Control Self-Assessment to comply with IFRS, designed to highlight control gaps among key business processes & identify areas for improvement
0-5 years of experience
[company name] is a multi-strategy alternative investment fund. The firm employs cutting edge technology and the extreme programming process to develop state of the art proprietary software for automated trading platforms, investor recordkeeping, compliance and portfolio valuation.
- Assessed risks, developed audit plans and executed control reviews for software development, proprietary applications, third party software integrations, IT infrastructure, and business continuity planning
- Integrated system audit tests with operational, financial and compliance audits
- Applied COSO and CobiT standards where appropriate and evaluated processes against best practices
- Used IDEA data analysis software to analyze and assess large populations of data and extend audit effectiveness
6-10 years of experience
Participated during job tenure in taking private company in bankruptcy with few financial operating systems and no control environment to becoming a public listed company with updated systems environment with internal control COSO structure thus making company Sarbanes-Oxley (SOX) compliant.
- Performed operational audits in high risk areas.
- Created and documented for SOX 404 compliance internal control process narratives, risk control matrices, flowcharts, and walkthroughs for the business cycles/functions.
- Identified internal controls, assessed risks and deficiencies for each process.
- Participated in the remediation of the control deficiencies with management.
- Tested and opined as to the effectiveness of the internal controls.
- Managed projects and supervised consultant staff.
- Developed risk assessment of operations for internal control evaluation.
- Prepared the annual SOX risk assessment of the Company’s financial processes.
0-5 years of experience
Managed and executed various SOX audit engagements for selected business units and other functional areas.
- Assessed relevant risk and internal control of the different business units.
- Participated in the risk assessment process, the development of the annual audit plan and audit schedule.
- Oversaw audit engagement including program development, ensuring work papers are accurate and support audit conclusion.
- Identified areas for improvement, prepared audit reports using Open Pages database and conducted audit engagements and exit meetings with Senior Management.
- Managed and directed the Internal Audit function to ensure that policies and procedures and internal controls are functioning effectively and efficiently.
- Managed and completed assigned audit objectives including audit planning and reviewing the work of seniors and consultants.
- Assisted in the drafting of the Audit Report presented to the Audit Committee.
0-5 years of experience
Promoted a positive ongoing relationship with business partners and peers to achieve a positive work environment and a constructive problem solving atmosphere.
- Developed the annual audit plan and staffing requirements.
- Assess risk and control, and designed audit coverage to ensure risk are properly covered across the auditable activity.
- Trained and assisted new team members to achieve proficiency in audit skills and business knowledge.
- Communicated audit results verbally and in a final written report to senior management.
0-5 years of experience
Reported project results directly to the Audit Committee, CEO and CFO
- Planned, organized and executed key internal audit functions including annual risk assessment
- Developed a companywide proposal for a large scale Enterprise Risk Management implementation
- Performed simultaneous operational and financial internal audits across corporate departments and international locations resulting in value added recommendations and findings to improve company
- Implemented and monitored audit recommendations throughout the company
- Assisted and advised on multiple Company designated special projects
6-10 years of experience
Managed the Internal Audit Department (supervised three audit associates) and determined the scheduling and scope of internal audit activities. I was promoted from Senior Auditor to Internal Audit Manager in 1982 and reported directly to the Senior Vice President of Finance and Audit Committee of the Board of Directors.
- Developed and implemented a program regarding documenting procedures and evaluating internal controls for all areas of the Company in accordance with the Foreign Corrupt Practices Act (FCPA) of 1977.
- Performed financial, operational, computer and store audits for the company’s retail, wholesale and manufacturing (bakery, donuts, ice cream) facilities. Assisted the outside auditors in their interim and year-end audit work.
- Prepared audit programs, reviewed audit work papers, presented recommendations to management and drafted audit reports. Drafted an Internal Audit Manual.
- Developed shrink reduction programs that along with the store audit program provided cost savings of $1.2 million to the Company in 1987.
0-5 years of experience
Performed annual risk assessment and coordinate the development of the internal audit plan to address identified financial, operational, compliance and risks.
- Managed a staff of 8 in the planning, execution and reporting of financial, operational and compliance audits performed in accordance with the Institute of Internal Auditors standards.
- Served as an internal controls consultant on system implementations and business process improvement initiatives.
- Communicated project status and audit findings to executive management in both formal meetings and written deliverables.
- Coordinated the testing of internal controls (SOX testing) on behalf of management and for reliance by the external auditors; Provide feedback to management on the design and operational effectiveness of SOX controls.
- Coordinated the performance of special projects at the request of the CFO Organization.
- Conducted goal-setting, interim and annual review sessions with direct reports to provide feedback on performance and identify opportunities for improvement and professional development.
- Ensured department staffing was adequate to meet standards of excellence; Responsible for recruiting qualified candidates, interviewing and hiring candidates and managing third-party consulting arrangements.
0-5 years of experience
Conducted SOX 404 and 302 compliance audits for 6 of 25 business units.
- Analyzed and documented business processes and key internal controls.
- Identified, reported, monitored, and assisted process owners in correcting control deficiencies.
- Supervised and trained internal auditors, finance personnel, and contractors.
0-5 years of experience
Assisted Audit Director to develop annual audit plan and schedule engagements and resources to complete the plan.
- Developed electronic tools to visually communicate audit status and resource alignment for Audit Director and senior management.
- Developed workpaper standards and automated tick marks incorporated into MS Excel workpapers.
- Managed anonymous reporting hotline ensuring all reported items were adequately addressed and timely.
0-5 years of experience
Identified and articulated risks and controls within the mortgage operations audit universe.
- Developed and reviewed Audit programs to ensure compliance with Federal and State Regulations, operations and industry standards and best practices.
- Led the execution of a comprehensive risk-based internal audit plan for [company name] with an emphasis on Mortgage Origination activity.
- Executed and managed the execution of operational and compliance audits of [company name] and its business segments in accordance with Company policies, legal requirements, and accepted professional standards.
- Provided objective and independent audit opinion of internal controls in accordance with established audit methodology that includes the presentation of observation(s) and recommendation(s) to senior management.
- Reviewed the work of assigned auditors in accordance with Internal Audit’s Quality Assurance program for operational and compliance audits.
- Developed and prepared audit reports including providing opinions on the adequacy and effectiveness of control activities.
- Managed and coordinated a team of 8 auditors throughout the audit life cycle.
- Coached, mentored, and provided guidance to staff as needed
- Implemented measures to ensure audits are completed within scope, budget, and time requirements.
- Provided feedback on internal policies and procedures, best practices, and staffing models.
0-5 years of experience
Managed internal audit teams in planning, fieldwork execution, and reporting phase of financial, operational and compliance audits across the company.
- Designed and implemented scope, objectives and audit programs for complex audits.
- Motivated, mentored and coached audit teams to achieve departmental objectives for performance metrics, business
- Participated in the definition and testing of internal controls related to Sarbanes Oxley.
- Incorporated project management and Six Sigma processes/tools into audit process.
0-5 years of experience
Perform financial, compliance, operational and performance audits. Prepare annual work plan and audit objectives based on evaluation of risk assessments including performance and compliance, considering savings and revenue opportunities. Recommend changes to correct deficiencies in internal controls; for the redesign of operational systems to improve efficiency and effectiveness; and prepare clear, concise and objective reports. Provide organizational and management consulting assistance to City departments. Make formal presentations of audit results to the City Manager’s Office, Director of Management and Budget, and City Departments. Assist external auditors as requested.
- Developed 2010/2011 internal audit plan for the City. Presented the plan for approval to Directors and City Manager.
- Worked with City Manager’s office to develop the internal audit committee, educating committee members on risk and outlined responsibilities for the internal audit function
- Completed seven performance, compliance, and financial based audits in the first six months of employment, which required communications with a variety of city departments and personnel on all levels of the city.
0-5 years of experience
- Developed an enterprise-wide risk profile used to improved internal controls and monitor business operations. Developed reports for senior management and the Audit Committee.
- Reviewed and enhanced the company’s financial, operational and IT policies, as well as provided training for all department heads on proper internal controls to ensure accurate financial reporting.
- Spearheaded key process improvement projects across finance, accounting, and HR to re-engineer budgeting, forecasting, and reporting functions.
- Built revenue, A/R, and cash financial models for 90 diagnostic imaging centers.
- Evaluated revenue shortfalls, cash flow issues, and insurance payer mix changes to determine root causes and reengineered operating practices when necessary.
6-10 years of experience
Developed and implemented audit plan, programs, workbooks, reports and best practices for Audit Services Department; interviewed, hired and managed audit staff of 32 employees in 11 states; reviewed and assessed risk levels on monthly reports; monitored deficiencies; coordinated and led special investigations of fraud and embezzlement; conducted inter-department seminars.
- Instrumental in developing Best Practices for internal Audit Services Department.
- Instrumental in developing changes to internal Audit program to meet increasing risk factors.
- Developed excellent internal relationships between departments to achieve working partnerships between management and staff.
- Evaluated internal controls, performed compliance testing and documentation for Sarbanes-Oxley.
0-5 years of experience
Transitioned the Internal Audit function from on outsourced model to an internal team.
Responsibilities included the development of risk assessments, audit planning, and oversight of audits.
The transition facilitated a deeper understanding of the organization from within the Internal Audit
team and developed a stronger linkage across the organization to the ownership and importance of controls
- Management of audit projects with a focus on upstream, trading, retail, services and corporate functions
- Compose audit reports and lead closing meetings with senior management
- Developed a strong network with other control functions including Finance, Legal, Compliance, HR and IT; this facilitated the flow of information into and from the Internal Audit team and provided
0-5 years of experience
Took lead in developing best practices and improving the performance of the audit department for the audit director; managed operational audits of domestic and international business processes
- Drafted policies, procedures, and decision ownership (RACI) documentation for operational audit team
- Organized successful week long training for global audit department, presented ACL training
- Conducted multiple Whistleblower hotline investigations, presented findings to legal department and senior management
0-5 years of experience
Performance of annual risk assessment; development of audit plans (Financial and Operational); management and motivation of staff; coordination of audit scope and approach with executive management and external auditor; execution of audit plan; communication of audit results to executive management and independent Audit Committee.
- Conducted a comprehensive enterprise-wide risk assessment resulting in the development of comprehensive multi-year audit plans.
- Developed a focused, aligned mission statement enabling Internal Audit to drive positive change throughout the organization.
- Informed Premium Audit Management that information was available on the Internet that would allow premium audits to be booked an average of two month’s sooner.
- Found $2.3M of reserves that should have been lowered/closed, $75K of duplicate claim payments and $40K of claim overpayments.
- Formalized the audit approach utilizing best practices relative to communication strategies, work paper presentation and reporting methodologies.
0-5 years of experience
Developed annual audit schedule and risk assessment.
- Developed, planned and implemented bank internal audit programs
- Responsible for bank financial and operational audits for all bank departments/ branches and reported findings and recommendations to management
- Reviewed work papers
- Monitored implementation of corrective action plans to audits
- Evaluated operational and compliance internal controls for branches
- Performed Sarbanes Oxley Audits (2005-2012)
- Determined and monitored Risk Assessment on all areas of the bank
- Performed and monitored all SSAE16/SAS70.
- Ensured adherence with laws and regulations relating to new or revised products and service offerings
0-5 years of experience
Performed and managed audit tasks, including planning, scheduling, coordinating, reviewing and reporting on work of auditors including carrying out risk assessments.
- Executed and completed all audit fieldwork according to the established schedule.
- Performed financial, operational, fraud, IT and process audits of the company’s business units.
- Generated value-added recommendations to enhance the firm’s overall internal controls of IT and financial operations.
- Provided independent and objective assurance through a systematic approach to evaluating and improving risk management effectiveness.
- Continuously assessed and monitored opportunities to improve the internal control environment.
- Identified and documented financial statement exposures, internal control deficiencies and operational inefficiencies and/or opportunities for improvement.
- Liaised with IT department on designing effective internal controls systems.
- Liaised with the compliance officer to ensure all HIPAA regulations were adhered to.
- Prepared persuasive, clear internal audit reports reflecting results of work performed.
0-5 years of experience
- Achieved additional refurbished sales of $1M in 2008 by creating a new RMA process which reduced holding, scrap, freight and write-off costs and provided an inventory system the sales team could use to create orders.
- Received 98% to 100% of every quarterly performance-based bonus.
- Documented and flowcharted internal processes throughout the company preparing management level reports on where inefficiencies occurred or where financial or operational controls were compromised or missing.
- Performed financial or operational audits in various departments at management’s request.
- Reduced costs throughout the company through process improvements in Accounting, Receiving, Shipping, Purchasing, Sales, Order Fulfillment, Production Planning, Credit & Collections, Leasing, etc
- Reduced departmental silos utilizing strong interpersonal and leadership skills.
- Increased employee capital through MS Visio flowchart training, including the design of a universal process improvement template.
- Established a web-based collaborative website to manage and report on projects.
0-5 years of experience
- Identified, analyzed and measured risk facing the institution and conduct risk-based audits. Continuously monitored and reported the level of risk across the bank’s portfolio and provided recommendations to senior management.
- Conducted pre-credit checks for loans and attended credit committee meetings where loan applications were approved, amended or refused.
- Conducted loan pre-disbursement checks to ensure that all the issues discussed during credit committee meetings were addressed.
- Conducted loan reviews and identified risky loans and also provided recommendations to avoid default.
10+ years of experience
Created audit plans for 19 campuses Managed staff of 2
- Planned and conducted investigations Created campus self-assessments
- Ensured compliance with all regulations
- Audit process included sample selection to exit meetings
- Power Point reports included findings and action plans
- Conducted final exit with campus and executive management
- Followed up with campus
0-5 years of experience
Reported significant internal control issues and the status of the company’s audit plan to the Audit Committee of the Board of Directors.
- Performed company-wide risk assessment in order to develop a three year general audit plan; the plan was completed and within budget in each year performed.
- Responsible for identification of key controls, preparation of walkthroughs, completion of testing and remediation of significant issues for the company’s material business cycles in accordance with Management’s Sarbanes-Oxley 404 assessment resulting in a savings of $300k in consulting fees for the Sarbanes-Oxley review.
- Coordinated with legal and operations department personnel to develop and establish a company-wide HIPAA compliance program.
- Served as Secretary of the company’s Disclosure Committee which includes organizing quarterly meetings, issuing minutes for the meeting and communicating any necessary changes to the Company’s 10Q and 10K documents to appropriate accounting personnel.
- Responsible for creating business unit forecasts and actual financial statements that are utilized by the CEO, CFO and Board of Directors.
- Prepared the Company’s 10Q document and workbooks and assisted the third party consultants in ensuring the accuracy of the XBRL tagging.
- Managed third party IT audit staff to ensure that the Company’s IT Sarbanes-Oxley audits were completed timely and in line with budget.
- Assisted IT Management during the Company’s first SAS70 review of its operating systems resulting in no significant deficiencies.
- Completed special projects as determined by executive management and the Board of Directors.
0-5 years of experience
Corporate Internal Audit Manager reported to executive management on financial, operational and compliance audits, promoted best practices and improved processes and procedures
- Led, developed and implemented internal audits including financial, operational and compliance audits
- Reported audit results to executive management including CFO, Controller and VP Finance
- Promoted best practices resulting in changes of more efficient and effective processes and procedures
- Developed and maintained financial and operational policies and procedures
- Led ad-hoc projects requested by executive management
- Built credible and influential relationships with functional peer groups at all levels, including executive management
- Assisted management with company transition including financial and operational policies
0-5 years of experience
Managed audit teams of up to 6 associates. Trained new hires.
- Audited operations and technology in all lines of business. Included: Accounting, Investments, Payroll, Lending (Commercial, Mortgage, Retail, Construction), Banking Centers.
- Audited for compliance with GAAP and financial institution regulations.
- Managed security/fraud investigations.
- Partnered with public accounting firms performing external audits.
6-10 years of experience
Responsibilities include managing the Internal Audit Department of two dock side (separate) vessels and a hotel with a staff of four (4).
- Created strong Senior Internal Auditors and staff to carry out assigned duties.
- Demonstrated strong oral and written communication skills via meetings with property management both individually and as a whole at the Exit Conference Meetings when discussing audit findings, issues, and recommendations.
- Ensured compliance and operational audits were completed thoroughly and timely as required by the jurisdiction.
- Led and assisted management with internal investigations for employee wrongdoings and misappropriation of company assets.
- Assisted the company with the implementation of policies and procedures for Sarbanes Oxley (SOX) compliance.
- Met periodically with the external auditors to discuss audit issues and concerns, if any.
- Met periodically with the General Manager to discuss audit issues and expectations as audits are being conducted.
- Plans and develops Internal Audit policies and procedures to achieve the general objectives of Senior Management.
- Met frequently with the Vice President of Internal Audit to plan and/or adjust projects using a risk based approached by identifying audit projects not required by the gaming jurisdiction.
- Prepared the department’s financial and audit project budget annually.
10+ years of experience
- A complete and well-documented internal review and compliance program was designed and implemented.
- Reviewed large commercial credits to determine that the financial strength of the borrower and the purpose of the loan met Bank and Regulatory requirements. Determined whether or not the assigned risk grade was well supported by accurate and clearly documented underwriting procedures.
- Completed annual ALLL and IRR examinations and reported findings to Management, the external audit firm and the Regulators.
- Coordinated all Federal/State and external audit examinations.
6-10 years of experience
- Managed financial, operational and compliance audits.
- Managed a staff of 12 internal auditors. Reviewed audit programs, audit workpapers, and audit reports.
- Assisted in developing annual audit plan.
- Meet with senior management to discuss audit findings and appropriate corrective action.
- Participated in task force to bring in-house a new mechanized audit workpaper system.
0-5 years of experience
Managed integrated (supported by Technology and/or Data Analytical teams) audits in the areas of Capital Markets Operations, Operational Risk Management, and Mortgage Backed Security Operations
- Managed Sox key control testing projects
- Managed audit issue remediation follow-up process and reporting
- Performed annual audit planning
- Managed various aspects of audit staff career development
- Developed audit methodology and implementation as required by Internal Audit policies
- Managed audit projects scheduling, budgeting, and reporting
0-5 years of experience
- Designed, conducted and improved audits of internal departments and 13 branches for this SEC registrant encompassing: 10K, 10Q, Reg CC, BSA, Reg O, ACH, employee account reviews, deposit operations, security, financial reporting and lending operations, among others
- Suggested process, procedural or policy improvements, for example changes in the lending function key controls to prevent fraud such as entry to the system using original documents and verification of the entries by a second person, changes to processing work at the branch level, improved management monitoring techniques and tracking of employees access to accounts
- Implementation of Sarbanes Oxley compliance including documentation, tracking, walkthroughs, testing and remediation
- Regular audit activity reporting to Senior Management and the Audit Committee
- Assisted in investigations and court cases – completion of 4 fraud investigations in 2006 resulting in two convictions, one settlement and one later conviction in federal court
- Supervise staff auditors and coordinated and assisted external auditors and regulators
6-10 years of experience
Manage successful completion of testing of significant business processes and key controls in accordance with the Sarbanes-Oxley Act of 2002
- Assist in developing annual audit plan and clearly defining procedures for IA projects
- Responsible for timely completion of audit reports
- Responsible to co-manage seven auditors, review audit documentation and provide coaching and guidance while enhancing work environment atmosphere
- Manage successful completion of self-study for quality assessment of the internal audit activity to assess conformity to the IIA Standards
- Identify revenue enhancements and recoveries and ensure protection of corporate assets
- Maintain good communication and working relationships with managing director of internal audit, external auditors, business process owners and staff
Internal Audit Manager Duties and Responsibilities
The type of organization an internal audit manager works for will determine the types of duties they carry out. Based on job listings we analyzed, an internal audit manager’s duties typically involve:
Assessing Risk Management Processes A key part of this role is performing full audits, including risk management, control management, and assessing financial reliability. These processes ensure that compliance is met within all the company’s systems.
Guiding Managers and Staff Internal audit managers act as an objective source of guidance and advice for teams within the company to make sure that developments and processes are legal and work towards achieving company-wide goals.
Preparing Reports Internal audit managers analyze and evaluate accounting documents, preparing reports that reflect the audit results and document the proposed process. These reports are often presented to key members of the company to ensure all staff members are working toward the same goals and complying with regulations.
Researching Emerging Issues Internal audit managers research the latest trends and issues in the industry, determining the scope of the internal audit accordingly. They develop annual plans, which are discussed with managers and stakeholders to agree on systems that will help the business grow.
Conduct Follow-up Audits In order to monitor interventions from management, internal audit managers conduct follow-up audits to make sure that regulations and sector rules are still being met and best practices are being followed.
Internal Audit Manager Skills and Qualifications
Internal audit managers need to be excellent communicators, have analytical skills, and good attention to detail. Typically, employers require a bachelor’s degree in accounting and at least two years of relevant experience, as well as the following:
- Initiative – Internal audit managers typically work independently and should take the initiative and make decisions
- Analytical thinking – an analytical mind-set and numerical skills are useful in manipulating large amounts of data and creating reports
- Judgment – the ability to think objectively, have strong ethical standards, as well as high levels of integrity to adhere to regulations and compliance are necessary
- Organization skills – internal audit managers need to be incredibly organized and be able to prioritize their workload, as well as be resilient and calm under pressure
- Communication skills – internal audit managers work closely with and present valuable data to other teams, managers, and stakeholders
Internal Audit Manager Education and Training
The minimum requirement to become an internal audit manager is a bachelor’s degree in accounting, business, or a similar subject. Most employers also expect candidates to have a firm understanding of generally accepted accounting principles (GAAP). It may be beneficial to work towards a license accreditation such as a CPA or CFE credential too. Experience is valued in this profession and many companies prefer applicants who have at least two years of experience.
Internal Audit Manager Salary and Outlook
The median annual salary for internal audit managers is nearly $56,000. Internal audit managers in the 10th percentile earn around $41,000 a year while the highest paid earn nearly $78,000 annually. Some companies offer potential additional income in the form of bonuses and profit sharing as high as $8,000 and $7,000 respectively. Location is the main factor affecting the pay level for this role. A large proportion of companies provide medical coverage and dental insurance plans as part of their benefits package. According to the Bureau of Statistics, this sector is expected to grow by 10 percent through 2026.
Internal Audit Manager Helpful Resources
We’ve collected some of the best resources to help you develop a successful career in internal audit management:
Mastering the Five Tiers of Audit Competency – This book guides the reader through risk-based operational audits and performance audits, and the competencies needed to do these tasks. It’s filled with practical advice and techniques on the interpersonal side of risk-based auditing.
Internal Auditing in Plain English – Successful internal audit programs are essential to any business, which author Craig Cochran has reduced to the core basics and key elements. This straightforward book is perfect for those new to internal auditing who want real-world examples and answers to common questions.
Internal Audit Professionals – A LinkedIn group exclusively for internal audit professionals, this group has over 51,000 members. For networking, sharing knowledge and techniques, and the latest news in the industry.
The Institute of Internal Auditors – This professional framework for the industry is a great starting point for learning more about internal auditing as a job, which qualifications are in demand, and the latest news from the sector.
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Last edited by: Gabriela Barcenas, CPRW, Content Writer II -
Gabriela Barcenas
CPRW, Content Writer IIGabriela is a Certified Professional Resume Writer (CPRW) and career adviser. With 10 years of digital media experience and five years of resume writing expertise, her publication history includes fashion, education, travel, social justice, equitable design and career advice.
