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Internal audit manager vs lead auditor

The differences between internal audit managers and lead 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 $85,352 average annual salary of a lead auditor.

The top three skills for an internal audit manager include internal controls, risk management and audit reports. The most important skills for a lead auditor are ISO, medicare, and management system.

Internal audit manager vs lead auditor overview

Internal Audit ManagerLead Auditor
Yearly salary$106,222$85,352
Hourly rate$51.07$41.03
Growth rate6%6%
Number of jobs28,40520,504
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 58%
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 a lead auditor do?

Lead auditors are professionals who are responsible for providing leadership and coordinating work schedules to a team of audit experts within an organization. These lead auditors are required to prepare audit plans and conduct team meetings before conducting internal or external audits at the end of the quarter or year. They must conduct audits to provide reviews to the management about the effectiveness of the overall quality system. Lead auditors must also develop action plans to improve the financial reporting systems of the organization.

Internal audit manager vs lead auditor salary

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

Internal Audit ManagerLead Auditor
Average salary$106,222$85,352
Salary rangeBetween $74,000 And $151,000Between $62,000 And $115,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateCaliforniaNew York
Best paying companyCitiMeta
Best paying industryFinanceProfessional

Differences between internal audit manager and lead auditor education

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

Internal Audit ManagerLead Auditor
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 58%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Internal audit manager vs lead auditor demographics

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

Internal Audit ManagerLead Auditor
Average age4444
Gender ratioMale, 70.1% Female, 29.9%Male, 57.9% Female, 42.1%
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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between internal audit manager and lead 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

Lead auditor example responsibilities.

  • Manage the SOX business process implementation, execution and improvement initiatives.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Enhance Sarbanes-Oxley (SOX) audit templates to provide standardization and structure that reflect current best practices while maximizing productivity.
  • Work the RMEI/RMAU reports regularly for various Medicare account types.
  • Develop exact specifications to determine why claims are not paid in accordance with specific DME Medicare guidelines.
  • Conduct surveillance and assessment of manufacturing firms, industries and companies to ensure that these systems comply with ISO standards.
    • Show more

Internal audit manager vs lead auditor skills

Common internal audit manager skills
  • Internal Controls, 11%
  • Risk Management, 8%
  • Audit Reports, 8%
  • SOX, 5%
  • Audit Procedures, 4%
  • Ethics, 4%
Common lead auditor skills
  • ISO, 16%
  • Medicare, 10%
  • Management System, 6%
  • Audit Reports, 5%
  • Corrective Action, 5%
  • Internal Controls, 4%

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Updated January 8, 2025

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