Audit specialist vs internal audit manager

The differences between audit specialists and internal audit managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an internal audit manager has an average salary of $106,222, which is higher than the $58,291 average annual salary of an audit specialist.

The top three skills for an audit specialist include audit reports, patients and customer service. The most important skills for an internal audit manager are internal controls, risk management, and audit reports.

Audit specialist vs internal audit manager overview

	Audit Specialist	Internal Audit Manager
Yearly salary	$58,291	$106,222
Hourly rate	$28.02	$51.07
Growth rate	6%	6%
Number of jobs	40,071	28,405
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 75%
Average age	44	44
Years of experience	-	-

What does an audit specialist do?

An audit specialist is responsible for evaluating the reports by a professional auditor that will assist in improving the growth of the organization to achieve its goals and objectives. Audit specialists aid in the development of the company by using a systematic approach to reach the goals set by the company. Primary responsibilities include operating complex and difficult audit projects and conducting audits of control, financial, and other operating records. Also, they develop, implement distinct audit strategies, programs, and procedures for intricate assignments.

What does an internal audit manager do?

An Internal Audit Manager monitors and evaluates how well risks are being managed. They develop recommendations and reports based on audits and present solutions to senior management.

Audit specialist vs internal audit manager salary

Audit specialists and internal audit managers have different pay scales, as shown below.

	Audit Specialist	Internal Audit Manager
Average salary	$58,291	$106,222
Salary range	Between $34,000 And $99,000	Between $74,000 And $151,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	California	California
Best paying company	SAP	Citi
Best paying industry	Professional	Finance

Differences between audit specialist and internal audit manager education

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

	Audit Specialist	Internal Audit Manager
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 75%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Audit specialist vs internal audit manager demographics

Here are the differences between audit specialists' and internal audit managers' demographics:

	Audit Specialist	Internal Audit Manager
Average age	44	44
Gender ratio	Male, 33.7% Female, 66.3%	Male, 70.1% Female, 29.9%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%	Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.9% White, 63.3% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between audit specialist and internal audit manager duties and responsibilities

Audit specialist example responsibilities.

Manage vendor billing disputes for southwestern region from initiation to documentation of resolution while ensuring compliance with SOX guidelines.
Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Review and verify the submitted documentation for completeness to verify the company is in compliance with Sarbanes-Oxley (SOX).
Coordinate delivery of mortgage back securities with internal and external stakeholders.
Monitor and maintain automated report generation and distribution via Cognos NoticeCast.
Prepare monthly incentive payment and quarterly incentive bonus data for payroll department.

Internal audit manager example responsibilities.

Manage financial reconciliation, bill pay, and budgeting using Quickbooks.
Manage and coordinate annual external business evaluation in conjunction with CPA consultants.
Define metrics to determine ROI of programs.
Assist external CPA firm with annual financial statement audits.
Provide oversight and monitoring of provision accounts, fee waivers, and reps and warranties.
Provide oversight and expertise for internal investigators.

Audit specialist vs internal audit manager skills

Common audit specialist skills

Audit Reports, 11%
Patients, 8%
Customer Service, 7%
Internal Audit, 6%
Audit Findings, 5%
Process Improvement, 4%

Common internal audit manager skills

Internal Controls, 11%
Risk Management, 8%
Audit Reports, 8%
SOX, 5%
Audit Procedures, 4%
Ethics, 4%

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Audit Specialist vs Internal Audit Manager

Updated January 8, 2025

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