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The differences between fiscal 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 a fiscal manager and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $61,354 average annual salary of a fiscal manager.
The top three skills for a fiscal manager include fiscal management, payroll taxes and general ledger. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Fiscal Manager | Audit Manager | |
| Yearly salary | $61,354 | $121,419 |
| Hourly rate | $29.50 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,132 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A fiscal manager supervises branch inventory project design to reinforce inventory levels by implementing the newest procedures and installation of software. A part of his/her or her duties and responsibilities are to execute all bookkeeping payroll functions which include employee pay adjustment processing and electronic deposits. Fiscal managers provide general oversight of monetary reporting and auditing of subcontract agencies to make sure fiscal compliance with contractual and funder requirements. They maintain individual files for every vendor or subcontractor invoices, analyze and archive vendor statements and solve billing discrepancies.
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.
Fiscal managers and audit managers have different pay scales, as shown below.
| Fiscal Manager | Audit Manager | |
| Average salary | $61,354 | $121,419 |
| Salary range | Between $43,000 And $85,000 | Between $82,000 And $178,000 |
| Highest paying City | Merced, CA | Portland, ME |
| Highest paying state | New Jersey | Maine |
| Best paying company | City of Detroit | Meta |
| Best paying industry | Internet | Manufacturing |
There are a few differences between a fiscal manager and an audit manager in terms of educational background:
| Fiscal Manager | Audit Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fiscal managers' and audit managers' demographics:
| Fiscal Manager | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.8% Female, 65.2% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.8% White, 63.9% 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 Percentage | 11% | 11% |