Internal audit manager vs internal audit director

The differences between internal audit managers and internal audit directors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an internal audit director has an average salary of $129,717, which is higher than the $106,222 average annual salary of an internal audit manager.

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

Internal audit manager vs internal audit director overview

	Internal Audit Manager	Internal Audit Director
Yearly salary	$106,222	$129,717
Hourly rate	$51.07	$62.36
Growth rate	6%	6%
Number of jobs	28,405	25,537
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 77%
Average age	44	44
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 internal audit director do?

An internal audit director is in charge of spearheading and overseeing the auditing procedures in an organization, ensuring accuracy and efficiency. Among their responsibilities include setting goals and objectives, managing budgets and timelines, gathering and analyzing the organization's financial data, supervising staff, and developing strategies to optimize procedures. They may also liaise with internal and external agencies, perform audits, and address issues and concerns, investigating and resolving them promptly and efficiently. Moreover, as a director, it is essential to lead and encourage the workforce to reach goals, all while enforcing the organization's policies and regulations.

Internal audit manager vs internal audit director salary

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

	Internal Audit Manager	Internal Audit Director
Average salary	$106,222	$129,717
Salary range	Between $74,000 And $151,000	Between $83,000 And $200,000
Highest paying City	San Francisco, CA	Albany, NY
Highest paying state	California	New York
Best paying company	Citi	Citi
Best paying industry	Finance	Retail

Differences between internal audit manager and internal audit director education

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

	Internal Audit Manager	Internal Audit Director
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Internal audit manager vs internal audit director demographics

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

	Internal Audit Manager	Internal Audit Director
Average age	44	44
Gender ratio	Male, 70.1% Female, 29.9%	Male, 72.5% Female, 27.5%
Race ratio	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%	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%
LGBT Percentage	7%	7%

Differences between internal audit manager and internal audit director 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.

Internal audit director example responsibilities.

Implement COSO framework to achieve objectives relate to financial reporting, regulatory compliance, and operational effectiveness and efficiency.
Manage Sarbanes-Oxley implementation and internal audit outsourcing and co-sourcing activities for clients in multiple industries including financial services and manufacturing companies.
Develop internal audit risk assessments base on COSO internal control framework.
Establish internal quality control standards which enable maximum SOX reliance strategy by external auditors resulting in reduce external audit fees.
Review detailed work papers and reports in accordance with the department and IIA standards.
Establish compliance program which include all internal company investigations and ethics training for all employees.

Internal audit manager vs internal audit director skills

Common internal audit manager skills

Internal Controls, 11%
Risk Management, 8%
Audit Reports, 8%
SOX, 5%
Audit Procedures, 4%
Ethics, 4%

Common internal audit director skills

CPA, 9%
Internal Controls, 8%
Risk Management, 7%
Audit Reports, 5%
SOX, 5%
Audit Committee, 4%

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Internal Audit Manager
Internal Audit Manager vs Internal Audit Director

Updated January 8, 2025

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