Audit manager vs reporting manager

The differences between audit managers and reporting 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 audit manager and a reporting manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $106,336 average annual salary of a reporting manager.

The top three skills for an audit manager include CPA, internal audit and audit reports. The most important skills for a reporting manager are GAAP, internal controls, and external auditors.

Audit manager vs reporting manager overview

	Audit Manager	Reporting Manager
Yearly salary	$121,419	$106,336
Hourly rate	$58.37	$51.12
Growth rate	17%	17%
Number of jobs	70,168	67,631
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 74%
Average age	46	46
Years of experience	8	8

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.

What does a reporting manager do?

The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

Audit manager vs reporting manager salary

Audit managers and reporting managers have different pay scales, as shown below.

	Audit Manager	Reporting Manager
Average salary	$121,419	$106,336
Salary range	Between $82,000 And $178,000	Between $80,000 And $139,000
Highest paying City	Portland, ME	Richmond, CA
Highest paying state	Maine	Washington
Best paying company	Meta	Meta
Best paying industry	Manufacturing	Manufacturing

Differences between audit manager and reporting manager education

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

	Audit Manager	Reporting Manager
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 74%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Audit manager vs reporting manager demographics

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

	Audit Manager	Reporting Manager
Average age	46	46
Gender ratio	Male, 66.0% Female, 34.0%	Male, 59.6% Female, 40.4%
Race ratio	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%	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between audit manager and reporting manager duties and responsibilities

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.

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Reporting manager example responsibilities.

Perform, then manage, profit and loss for volatile, derivative mortgage back securities.
Used Microsoft SharePoint to manage projects, establish work flow, and document reports and report field definitions.
Manage the administrator of a Hyperion database.
Manage and mentore junior analysts in report optimization and SAS proficiency.
Prepare monthly IFRS financial statements including balance sheet and income statement using HFM.
Establish and maintain SOX documentation for initial compliance including management of testing with internal audit consultants.

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Audit manager vs reporting manager skills

Common audit manager skills

CPA, 14%
Internal Audit, 6%
Audit Reports, 6%
Audit Engagements, 5%
Financial Services, 5%
Risk Management, 5%

Common reporting manager skills

GAAP, 9%
Internal Controls, 7%
External Auditors, 4%
ASC, 4%
Data Analysis, 4%
Visualization, 4%

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Updated January 8, 2025

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