What Training Do I Need to Become an Audit Manager?

Audit managers oversee internal operations and practices for the organization they are working with. Required education and training varies. Read this article for more information on what training is necessary to become an audit manager. Schools offering Auditing degrees can also be found in these popular choices.

Overview

An audit manager is responsible for planning, managing, and implementing audit plans for their area of responsibility. Most audit managers hold at least a bachelor's degree; however, many employers prefer a graduate degree, such as the Master of Science in Accounting or Business Administration, as well as a CPA or related certification.

Important Facts About Auditors

Average Salary (2018) $78,820 (all accountants and auditors)
Job Outlook (2016-2026) 10% job growth (all accountants and auditors)
Key Skills Familiarity with GAAP guidelines, understanding of audit methods and techniques, interpersonal communication skills, strong written and verbal communication skills
Specializations Accounting, business, mathematics
Similar Occupations Auditing Director, Corporate Compliance Executive, Accountant, Internal Auditor, Auditing and Bookkeeping Clerks

Source: US Bureau of Labor Statistics

Education and Training

An audit manager must not only possess a comprehensive understanding of appropriate auditing procedures, but must also possess strong project and financial management skills in an array of accounting areas. Managers will need to possess effective communication and leadership skills to lead an audit team. They must also have a keen understanding of emerging issues and current auditing methods. Although some managers may possess a bachelor's degree, most audit managers have a master's degree along with professional certifications, such as the CPA and CIA.

There are many colleges and universities that offer master's degrees in traditional campus settings or online. Many graduate curricula will include many of the following core course topics:

  • Accounting information systems
  • Audit institutions & processes
  • Advanced financial reporting & analysis
  • Taxation of business & investment transactions
  • Ethical leadership & communications
  • Advanced audit topics

Certifications

In addition to requiring a master's degree, many firms encourage or require audit managers to be Certified Internal Auditors (CIAs), Certified Public Accountants (CPAs), or both. These certifications prove you have the understanding and skills required to get the job done. CIAs hold an internationally recognized certification that requires two years of experience, a degree, and a passing score on a four-part exam offered by the Institute of Internal Auditors. Additional classes are required to renew CIA certification. CPAs hold an accounting degree and have passed state-mandated certification to offer their services to the public. Audit managers who are CPAs may also provide a professional opinion on financial reports, which are admissible in court or official and mandated reports.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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