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Assurance manager vs audit manager

The differences between assurance managers and audit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an assurance manager and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $80,075 average annual salary of an assurance manager.

The top three skills for an assurance manager include client service, internal controls and business development. The most important skills for an audit manager are CPA, internal audit, and audit reports.

Assurance manager vs audit manager overview

Assurance ManagerAudit Manager
Yearly salary$80,075$121,419
Hourly rate$38.50$58.37
Growth rate17%17%
Number of jobs78,67070,168
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 75%
Average age4646
Years of experience88

What does an assurance manager do?

An assurance manager is in charge of overseeing the quality assurance procedures in a manufacturing facility. Among their responsibilities include supervising quality assurance teams, setting goals and guidelines, managing budgets and schedules, gathering and analyzing data, producing progress reports, liaising with internal and external parties, and addressing issues and concerns, resolving them in a timely and efficient manner. Moreover, as a manager, it is essential to lead and encourage the staff to reach goals while implementing the company's policies and regulations.

What does an audit manager do?

An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.

Assurance manager vs audit manager salary

Assurance managers and audit managers have different pay scales, as shown below.

Assurance ManagerAudit Manager
Average salary$80,075$121,419
Salary rangeBetween $55,000 And $115,000Between $82,000 And $178,000
Highest paying CitySan Francisco, CAPortland, ME
Highest paying stateCaliforniaMaine
Best paying companyMetaMeta
Best paying industryTechnologyManufacturing

Differences between assurance manager and audit manager education

There are a few differences between an assurance manager and an audit manager in terms of educational background:

Assurance ManagerAudit Manager
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Assurance manager vs audit manager demographics

Here are the differences between assurance managers' and audit managers' demographics:

Assurance ManagerAudit Manager
Average age4646
Gender ratioMale, 70.6% Female, 29.4%Male, 66.0% Female, 34.0%
Race ratioBlack or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assurance manager and audit manager duties and responsibilities

Assurance manager example responsibilities.

  • Develop and manage CAPA systems, including tracking follow-up activities and maintaining databases to maximize efficiency and accuracy.
  • Manage complex development programs consisting of multiple geographically separate teams supporting automation, regression, feature test and system test.
  • Ensure compliance with all regulatory standards including TSA, CTPAT, and ISO.
  • Enhance the ISO auditing process at operational levels by organizing trial runs to facilitate employee involvement.
  • Perform the branch's first Sarbanes-Oxley financial audit for a public water utility within budget and deadline.
  • Design automation test plan, automation test suites and implement them using Java and PHP language for all brands.
  • Show more

Audit manager example responsibilities.

  • Manage a review for a large insurance company to ensure compliance with HIPAA law.
  • Manage audits in all divisions and ensure all accounting transactions are perform in accordance with GAAP.
  • Lead ERM development, implementation, risk assessment reviews, reporting, improvement/remediation, & continuous monitoring.
  • Manage quarterly reviews (10-Q) and annual audit (10-K) of two public companies as per PCAOB standards.
  • Manage audits of monthly closings, bank reports, cash flow, operations analysis, revenue accounting, and IPO documents.
  • Manage two staff accountants and Hyperion assistant/analyst.
  • Show more

Assurance manager vs audit manager skills

Common assurance manager skills
  • Client Service, 9%
  • Internal Controls, 7%
  • Business Development, 7%
  • Risk Assessments, 6%
  • Assurance Services, 5%
  • Internal Audit, 5%
Common audit manager skills
  • CPA, 14%
  • Internal Audit, 6%
  • Audit Reports, 6%
  • Audit Engagements, 5%
  • Financial Services, 5%
  • Risk Management, 5%

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