What role do managers have during the audit process?

In the audit process, managers play a crucial role in addressing and rectifying issues identified during the audit. When auditors review an organization’s operations, financial records, and compliance with regulations, they may uncover weaknesses, inaccuracies, or areas where improvements are needed. It is the responsibility of management to take these findings seriously and implement necessary changes or corrections to enhance the organization’s effectiveness and ensure compliance with legal and regulatory standards.

Management's involvement in this aspect is significant as it reflects accountability and commitment to continual improvement within the organization. By addressing the problems highlighted in the audit, managers not only help to mitigate risks but also contribute to building trust with stakeholders about the integrity of the organization's operations.

While managers do engage in activities related to audits, such as preparing for the audit and providing necessary information, their primary responsibility is to address any deficiencies noted during the audit, which aligns with the organizations' governance and risk management strategies.