What skills does a audit supervisor need?

A audit supervisor needs 18 essential skills including financial statements, international financial reporting standards, audit techniques, internal auditing, national generally accepted accounting principles. Core competencies include Sense Making, Communication, Problem Solving.

Will AI replace audit supervisor jobs?

The AI disruption score for audit supervisor is 80/100 (very high risk). Some tasks may be automated but the role will evolve rather than disappear entirely.

Financial ServicesBusiness and administration professionalsISCO 2411

audit supervisor

Audit supervisors oversee audit staff, planning and reporting, and review the audit staff's automated audit work papers to ensure compliance with the company's methodology. They prepare reports, evaluate general auditing and operating practices, and communicate findings to the superior management.

Do You Have the Skills for This Role?

Core competency requirements inferred from the occupation's skill profile. Take the free assessment to see how you match.

Must-Have Skills (Advanced)

Sense MakingAdvanced

Supporting Skills

CommunicationIntermediate

Problem SolvingIntermediate

Self ManagementIntermediate

Digital FluencyIntermediate

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (18)

financial statementsfinancial statementsThe set of financial records disclosing the financial position of a company at the end of a set period or of the accounting year. The financial statements consisting of five parts which are the statem...international financial reporting standardsinternational financial reporting standardsThe set of accounting standards and rules aimed at companies listed in the stock exchange which are required to publish and disclose their financial statements.audit techniquesaudit techniquesThe techniques and methods that support a systematic and independent examination of data, policies, operations and performances using computer-assisted audit tools and techniques (CAATs) such as sprea...internal auditinginternal auditingThe practice of observing, testing, and evaluating in a systematic manner the processes of the organisation in order to improve effectivity, reduce risks, and add value to the organisation by installi...national generally accepted accounting principlesnational generally accepted accounting principlesThe accounting standard accepted in a region or country specifying the rules and procedures to disclose financial data.tax legislationtax legislationTax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.corporate lawcorporate lawThe legal rules that govern how corporate stakeholders (such as shareholders, employees, directors, consumers, etc) interact with one another, and the responsibilities corporations have to their stake...prepare audit activitiesprepare audit activitiesPrepare an audit plan including both pre-audits and certification audits. Communicate with the different processes in order to implement the improvement actions that lead to certification.attend to detail in preparation for auditsattend to detail in preparation for auditsEnsure constant compliance with standards and requirements, such as keeping certifications up to date and monitoring activities to ensure correct procedures are followed, so that audits can occur smoo...prepare financial auditing reportsprepare financial auditing reportsCompile information on audit findings of financial statements and financial management in order to prepare reports, point out improvement possibilities, and confirm governability.interpret financial statementsinterpret financial statementsRead, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this informa...analyse financial performance of a companyanalyse financial performance of a companyAnalyse the performance of the company in financial matters in order to identify improvement actions that could increase profit, based on accounts, records, financial statements and external informati...pose questions referring to documentspose questions referring to documentsRevise and formulate questions in regards to documents in general. Investigate about the completeness, confidentiality measures, style of the document, and specific instructions to handle documents.observe confidentialityobserve confidentialityObserve the set of rules establishing the nondisclosure of information except to another authorised person.communicate problems to senior colleaguescommunicate problems to senior colleaguesCommunicate and give feedback to senior colleagues in the event of problems or non-conformities.arrange auditarrange auditArrange a systematic examination of books, accounts, documents, and vouchers to ascertain how far the financial statements present a true and fair view, and to ensure that the books of accounts are pr...supervise staffsupervise staffOversee the selection, training, performance and motivation of staff.develop audit plandevelop audit planDefine all organisational tasks (time, place and order) and develop a checklist concerning the topics to be audited.

Optional (19)

accounting department processesaccounting department processesThe different processes, duties, jargon, role in an organisation, and other specificities of the accounting department within an organisation such as bookkeeping, invoices, recording, and taxing.financial department processesfinancial department processesThe different processes, duties, jargon, role in an organisation, and other specificities of the financial department within an organisation. Understanding of financial statements, investments, disclo...global standards for sustainability reportingglobal standards for sustainability reportingThe global, standardised reporting framework that enable organisations to quantify and communicate about their environmental, social and governance impact.quality standardsquality standardsThe national and international requirements, specifications and guidelines to ensure that products, services and processes are of good quality and fit for purpose.employment lawemployment lawThe law which mediates the relationship between employees and employers. It concerns employees' rights at work which are binding by the work contract.company policiescompany policiesThe set of rules that govern the activity of a company.audit contractorsaudit contractorsExamine and document different industry contractors, in order to determine whether they comply with regulations and standards in relation to safety, environment and quality of design, construction and...adhere to Standard Operating Proceduresadhere to Standard Operating ProceduresAdhere to and follow the Standard Operating Procedures (SOP).advise on financial mattersadvise on financial mattersConsult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.execute ICT auditsexecute ICT auditsOrganise and execute audits in order to evaluate ICT systems, compliance of components of systems, information processing systems and information security. Identify and collect potential critical issu...follow the statutory obligationsfollow the statutory obligationsUnderstand, abide by, and apply the statutory obligations of the company in the daily performance of the job.conduct financial auditsconduct financial auditsEvaluate and monitor the financial health, the operations and financial movements expressed in the financial statements of the company. Revise the financial records to ensure stewardship and governabi...advise on efficiency improvementsadvise on efficiency improvementsAnalyse information and details of processes and products in order to advise on possible efficiency improvements that could be implemented and would signify a better use of resources.adhere to organisational guidelinesadhere to organisational guidelinesAdhere to organisational or department specific standards and guidelines. Understand the motives of the organisation and the common agreements and act accordingly.revise questionnairesrevise questionnairesRead, analyse, and provide feedback on the accuracy and adequacy of questionnaires and their assessment fashion taking into account its purpose.perform quality auditsperform quality auditsExecute regular, systematic and documented examinations of a quality system for verifying conformity with a standard based on objective evidence such as the implementation of processes, effectiveness ...adhere to questionnairesadhere to questionnairesFollow and ask the questions laid out in questionnaires when interviewing somebody.make strategic business decisionsmake strategic business decisionsAnalyse business information and consult directors for decision making purposes in a varied array of aspects affecting the prospect, productivity and sustainable operation of a company. Consider the o...design questionnairesdesign questionnairesStudy the objectives of the research and imprint those aims into the design and development of questionnaires.