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Compliance auditor vs audit manager

The differences between compliance auditors and audit managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an audit manager has an average salary of $121,419, which is higher than the $64,606 average annual salary of a compliance auditor.

The top three skills for a compliance auditor include audit findings, compliance audits and audit reports. The most important skills for an audit manager are CPA, internal audit, and audit reports.

Compliance auditor vs audit manager overview

Compliance AuditorAudit Manager
Yearly salary$64,606$121,419
Hourly rate$31.06$58.37
Growth rate6%17%
Number of jobs33,70470,168
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 75%
Average age4446
Years of experience-8

What does a compliance auditor do?

A compliance auditor is responsible for reviewing the company's policies and procedures, ensuring the organization's adherence to state and federal regulations. Compliance auditors inspect the operations of each department, adjusting internal guidelines as needed. They also inspect the condition of all facilities, including tools and equipment, network systems, and business operations. A compliance auditor mitigates risks by analyzing the operational processes and conducting a risk assessment study to prevent compliance issues that may pose a negative effect on the company's performance and stability.

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.

Compliance auditor vs audit manager salary

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

Compliance AuditorAudit Manager
Average salary$64,606$121,419
Salary rangeBetween $45,000 And $92,000Between $82,000 And $178,000
Highest paying CityNew York, NYPortland, ME
Highest paying stateNew JerseyMaine
Best paying companyPayPalMeta
Best paying industryFinanceManufacturing

Differences between compliance auditor and audit manager education

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

Compliance AuditorAudit Manager
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Compliance auditor vs audit manager demographics

Here are the differences between compliance auditors' and audit managers' demographics:

Compliance AuditorAudit Manager
Average age4446
Gender ratioMale, 38.9% Female, 61.1%Male, 66.0% Female, 34.0%
Race ratioBlack or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.2% White, 64.1% American Indian and Alaska Native, 0.5%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 Percentage7%11%

Differences between compliance auditor and audit manager duties and responsibilities

Compliance auditor example responsibilities.

  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Identify any issues that do not conform to CFR, ICH guidelines and corporate expectations.
  • Research HIPAA information from CMS website in order to determine correct revisions for policies and procedures and develop company-wide communications.
  • Coordinate team meetings, maintain calendars, support team with PowerPoint presentations.
  • Prepare and perform in-house presentations (both in person and using JoinMe) using PowerPoint.
  • Evaluate the level of compliance with company policy, GAAP, contract requirements and applicable rules and regulations.
  • 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

Compliance auditor vs audit manager skills

Common compliance auditor skills
  • Audit Findings, 7%
  • Compliance Audits, 7%
  • Audit Reports, 6%
  • Audit Results, 4%
  • CPT, 4%
  • Compliance Program, 4%
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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