Example SOPs: Audit Manager

Audit Manager SOPs

Creating Standard Operating Procedures for your Audit Manager work can be difficult and take time. That’s why we’ve created these example Audit Manager SOPs so you can jumpstart your SOP creation process. We want to help you set up your Accounting systems and processes by taking these sample SOPs and building out your own SOPs template library. By having all your Accounting procedures in one place, your team will have the information they need at all times. Let’s look at some Audit Manager SOP examples.

Audit Manager SOP Examples

1. Audit Planning SOP: The purpose of this SOP is to outline the steps and procedures for planning an audit engagement. It includes determining the audit objectives, identifying risks, developing an audit plan, and assigning resources. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Risk Assessment SOP and the Resource Allocation SOP.

2. Risk Assessment SOP: The purpose of this SOP is to provide guidelines for conducting a risk assessment for audit engagements. It includes identifying and evaluating risks, assessing the impact and likelihood of risks, and determining the appropriate audit procedures. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Audit Planning SOP and the Audit Procedures SOP.

3. Audit Procedures SOP: The purpose of this SOP is to outline the procedures for conducting an audit engagement. It includes obtaining and evaluating evidence, performing substantive testing, and documenting findings. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Audit Planning SOP and the Risk Assessment SOP.

4. Quality Control SOP: The purpose of this SOP is to establish quality control procedures for audit engagements. It includes reviewing workpapers, conducting internal reviews, and ensuring compliance with professional standards. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Audit Procedures SOP and the Reporting SOP.

5. Reporting SOP: The purpose of this SOP is to provide guidelines for preparing audit reports. It includes summarizing findings, making recommendations, and communicating results to management. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Audit Procedures SOP and the Quality Control SOP.

6. Staff Training and Development SOP: The purpose of this SOP is to outline the procedures for training and developing audit staff. It includes identifying training needs, providing training opportunities, and evaluating staff performance. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Resource Allocation SOP and the Quality Control SOP.

7. Resource Allocation SOP: The purpose of this SOP is to provide guidelines for allocating resources for audit engagements. It includes determining staffing requirements, assigning staff to engagements, and managing workload. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Audit Planning SOP and the Staff Training and Development SOP.

8. Client Communication SOP: The purpose of this SOP is to establish procedures for communicating with clients during audit engagements. It includes setting expectations, addressing client inquiries, and providing progress updates. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Audit Planning SOP and the Reporting SOP.

9. Documentation and Retention SOP: The purpose of this SOP is to outline the procedures for documenting and retaining audit workpapers and reports. It includes maintaining organized files, ensuring accuracy and completeness of documentation, and establishing retention periods. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Audit Procedures SOP and the Quality Control SOP.

10. Continuous Improvement SOP: The purpose of this SOP is to promote continuous improvement in audit processes and procedures. It includes conducting post-audit reviews, identifying areas for improvement, and implementing changes. The scope of this SOP covers all audit engagements undertaken by the audit manager. The audit manager is responsible for ensuring compliance with this SOP. This SOP references the Quality Control SOP and the Staff Training and Development SOP

Audit Manager SOP Templates

Looking for SOP templates for your Audit Manager work? We’ve got you covered. You can build out your company SOPs using the sample SOP information above (added to our template) or our team can put together a starter SOPs template based on your Audit Manager work. Get in touch if you’ve got questions about the quickest way to build out your Accounting SOPs library.