How To Become An Internal Audit Manager: What It Is and Career Path

What is an internal audit manager and how to become one

Updated January 8, 2025

4 min read

An Internal Audit Manager's primary responsibility is to handle all the internal audit assignments of an organization. This involves risk assessment, junior staff supervision to ensure procedures are followed, allocating audit assignments, and producing audit reports. Another important role of an Internal Audit Manager is to point out material misstatements in a company's financial statements and make recommendations on correcting them. This also ensures compliance with financial reporting standards and guidelines.

An Internal Audit Manager is an integral part of management. He/she helps in the minimization of fraud through the development of appropriate policies and procedures, thus helping the company to continue as a going concern. An internal audit manager can work in any organization in any industry. Some may choose to specialize in a particular industry, e.g., healthcare, while others may decide to work in all industries.

An Internal Audit Manager typically works 40 hours a week from Monday to Friday from 9:00 a.m. to 5 p.m.

ScoreInternal Audit ManagerUS Average

Salary

7.8

Avg. Salary $106,222

Avg. Salary $59,228

Stability level

7.0

Growth rate 6%

Growth rate 0.3%

Diversity

6.4

Race

American Indian and Alaska Native 0.46%

Asian 12.92%

Black or African American 8.50%

Hispanic or Latino 10.83%

Unknown 3.95%

White 63.35%

Gender

female 29.88%

male 70.12%

Age - 43

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43

Stress level

7.0

Stress level is high

7.1 - high

Complexity level

8.9

Complexity level is advanced

7 - challenging

Work life balance

4.1

Work life balance is poor

6.4 - fair

Key steps to become an internal audit manager

Explore internal audit manager education requirements

Most common internal audit manager degrees

Bachelor's

74.6 %

Master's

19.5 %

Associate

2.9 %

Start to develop specific internal audit manager skills

Skills	Percentages
Internal Controls	10.73%
Risk Management	8.19%
Audit Reports	7.66%
SOX	4.53%
Audit Procedures	4.44%

Complete relevant internal audit manager training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New internal audit managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an internal audit manager based on U.S. Bureau of Labor Statistics data and data from real internal audit manager resumes.

Research internal audit manager duties and 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.

Prepare your internal audit manager resume

When your background is strong enough, you can start writing your internal audit manager resume.

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