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Internal auditor vs internal audit manager

The differences between internal auditors and internal audit managers 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 $63,013 average annual salary of an internal auditor.

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

Internal auditor vs internal audit manager overview

Internal AuditorInternal Audit Manager
Yearly salary$63,013$106,222
Hourly rate$30.29$51.07
Growth rate6%6%
Number of jobs25,57128,405
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 75%
Average age4444
Years of experience--

What does an internal auditor do?

An internal auditor is an individual who takes responsibility for crucial accounting functions in an organization. Internal auditors have trusted consultants who advise upper management on how to handle corporate goals and risks. They review the business operations and processes of organizations. They have to assess the efficacy of the company's risk management procedures. They are expected to have superb communication skills, IT knowledge, and math aptitude. Also, they help protect the organization from potential theft and fraud of its assets.

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.

Internal auditor vs internal audit manager salary

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

Internal AuditorInternal Audit Manager
Average salary$63,013$106,222
Salary rangeBetween $45,000 And $86,000Between $74,000 And $151,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companyMetaCiti
Best paying industryManufacturingFinance

Differences between internal auditor and internal audit manager education

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

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

Internal auditor vs internal audit manager demographics

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

Internal AuditorInternal Audit Manager
Average age4444
Gender ratioMale, 54.6% Female, 45.4%Male, 70.1% Female, 29.9%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.9% White, 63.1% American Indian and Alaska Native, 0.5%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%
LGBT Percentage7%7%

Differences between internal auditor and internal audit manager duties and responsibilities

Internal auditor example responsibilities.

  • Manage and coordinate annual external business evaluation in conjunction with CPA consultants.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Conduct complex performance audits, fraud investigations, special projects and routine follow-up reviews in accordance with IIA standards.
  • Perform tests of critical controls in compliance with Sarbanes-Oxley legislation and report results utilizing company compliance tool to validate SOX checklist.
  • Develop company FDA policy & procedures for liquid oxygen small bulk delivery vessels.
  • Perform planning, compliance testing, substantive analysis and testing in accordance with GAAS.
    • Show more

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

Internal auditor vs internal audit manager skills

Common internal auditor skills
  • CPA, 8%
  • Risk Management, 5%
  • SOX, 5%
  • Audit Findings, 5%
  • Audit Procedures, 5%
  • Internal Audit Function, 5%
Common internal audit manager skills
  • Internal Controls, 11%
  • Risk Management, 8%
  • Audit Reports, 8%
  • SOX, 5%
  • Audit Procedures, 4%
  • Ethics, 4%

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Updated January 8, 2025

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