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Internal audit manager vs auditor

The differences between internal audit managers and auditors 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 $54,853 average annual salary of an auditor.

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

Internal audit manager vs auditor overview

Internal Audit ManagerAuditor
Yearly salary$106,222$54,853
Hourly rate$51.07$26.37
Growth rate6%6%
Number of jobs28,40520,325
Job satisfaction-3
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 55%
Average age4444
Years of experience--

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.

What does an auditor do?

An auditor is responsible for reviewing financial statements and making sure that the reports align with the accounting principles and legislative standards. Some of the important duties of an auditor are verifying the company's account statements, ensuring that the business is free from fraud and other unusual activities, providing recommendations to boost operations' performance, and creating financial reports for the board. An auditor should have excellent analytical and decision-making skills to spot inaccuracies of financial statements and resolve financial issues immediately.

Internal audit manager vs auditor salary

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

Internal Audit ManagerAuditor
Average salary$106,222$54,853
Salary rangeBetween $74,000 And $151,000Between $35,000 And $84,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaNew Jersey
Best paying companyCitiMicrosoft
Best paying industryFinanceProfessional

Differences between internal audit manager and auditor education

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

Internal Audit ManagerAuditor
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 55%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Internal audit manager vs auditor demographics

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

Internal Audit ManagerAuditor
Average age4444
Gender ratioMale, 70.1% Female, 29.9%Male, 44.9% Female, 55.1%
Race ratioBlack 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%Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.5% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between internal audit manager and auditor duties and responsibilities

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.
    • Show more

Auditor example responsibilities.

  • Lead FDA readiness audits and participate in regulatory inspections.
  • Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Perform semi-annual financial audits w/ externally contract CPA to validate accounts payable and receivables.
  • Develop and facilitate training for SOX process owners and other stakeholders using Microsoft PowerPoint.
  • Work efficiently and effectively with various process owners to develop SOX specific business processes and mating documentation controls.
    • Show more

Internal audit manager vs auditor skills

Common internal audit manager skills
  • Internal Controls, 11%
  • Risk Management, 8%
  • Audit Reports, 8%
  • SOX, 5%
  • Audit Procedures, 4%
  • Ethics, 4%
Common auditor skills
  • Audit Reports, 18%
  • Customer Service, 8%
  • Financial Statements, 6%
  • Audit Findings, 5%
  • Audit Procedures, 5%
  • Payroll, 5%

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Updated January 8, 2025

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