Contractor auditor vs internal audit manager

The differences between contractor auditors 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 $44,024 average annual salary of a contractor auditor.

The top three skills for a contractor auditor include audit reports, CPA and GAAP. The most important skills for an internal audit manager are internal controls, risk management, and audit reports.

Contractor auditor vs internal audit manager overview

	Contractor Auditor	Internal Audit Manager
Yearly salary	$44,024	$106,222
Hourly rate	$21.17	$51.07
Growth rate	6%	6%
Number of jobs	29,170	28,405
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 75%
Average age	44	44
Years of experience	-	-

Contractor auditor vs internal audit manager salary

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

	Contractor Auditor	Internal Audit Manager
Average salary	$44,024	$106,222
Salary range	Between $26,000 And $74,000	Between $74,000 And $151,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	Citi
Best paying industry	-	Finance

Differences between contractor auditor and internal audit manager education

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

	Contractor Auditor	Internal Audit Manager
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 75%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Contractor auditor vs internal audit manager demographics

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

	Contractor Auditor	Internal Audit Manager
Average age	44	44
Gender ratio	Male, 45.6% Female, 54.4%	Male, 70.1% Female, 29.9%
Race ratio	Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.5% 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 contractor auditor and internal audit manager duties and responsibilities

Contractor auditor example responsibilities.

Plan and conduct operational and financial audits to assure financial statements are fairly present in alignment with GAAP.
File and follow up on healthcare claim appeals.
Audit work are performed on-site at Clifton Gunderson, LLP CPA firm
Review results of third party SoX testers and coordinate documentation of results.
Claim audit consist of review of accurate ICD9, CPT and HCPCS coding.
Create quick reference database tool for Medicaid policies, procedures and rules per state.

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.

Contractor auditor vs internal audit manager skills

Common contractor auditor skills

Audit Reports, 23%
CPA, 16%
GAAP, 15%
Financial Statements, 6%
Internal Controls, 4%
Audit Findings, 3%

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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Contractor Auditor
Contractor Auditor vs Internal Audit Manager

Updated January 8, 2025

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