Audit Manager Job Description, Duties, Salary and More

What is an Audit Manager?

 Audit Managers help oversee internal audits on the operations of their institution in order to help management get a clear picture of how business is being run. They typically oversee other auditors and make sure they follow the audit plan and the regulations of the company. Audits are usually centered around ensuring that proper financial practices are being followed in large organizations (accounting, spending, inventory, etc), but may also check to see if other company policies regarding behavior are being adhered to. Audit managers also serve as a liaison between employees and management for communicating the expectations and day-to-day reality of the group's financial practices.

What are the usual duties and responsibilities of an Audit Manager?

Typical tasks performed by an Audit Manager may include:

• Meeting with management to determine schedules and goals
• Creating accounting guidelines to be used throughout the company
• Reviewing accounting processes with employees
• Hiring and managing internal auditors
• Giving assignments to auditors
• Working with department leaders to help audits go smoothly
• Investigating accounting regularities to understand their cause
• Discovering common problems in the business process and recommending ways to eliminate them
• Integrating audit information into reports and presenting them to management
• Delegating responsibilities as needed

What is the average Audit Manager's salary?

Indeed.com reports that the average annual salary for an Audit Manager in the United States is $102,353.

Glassdoor.com reports the average annual base pay for Audit Managers to be a bit higher at about $117,477 per year, with an estimated total pay of $133,908. They estimate that the average total pay usually ranges between $106 and $182k per year. They estimate total compensation for new Audit Managers in their first year of experience to average around $104k.

These numbers will vary based on locale, experience, the type of employer, and other factors.

Top Cities to work in as an Audit Manager

While by no means a comprehensive or definitive list, Indeed.com reports some of the highest salaries for Audit Manager jobs in the following cities. Also included is the cost of living index and city populations as reported by Numbeo and World Population Review.

New York, NY

Average Audit Manager salary in New York, NY: $118,546 per year (based on 53 reported salaries).

Cost of living index: 100

Population: 8,177,020

Los Angeles, CA

Average Audit Manager salary in Los Angeles, CA: $112,208 per year (based on 11 reported salaries).

Cost of living index: 78.63

Population: 3,985,520

Chicago, IL

Average Audit Manager salary in Chicago, IL: $110,994 per year (based on 34 reported salaries).

Cost of living index: 77.21

Population: 2,671,640

Minneapolis, MN

Average Audit Manager salary in Minneapolis, MN: $108,186 per year (based on 6 reported salaries).

Cost of living index: 75.80

Population: 443,715

Houston, TX

Average Audit Manager salary in Houston, TX: $104,544 per year (based on 21 reported salaries).

Cost of living index: 67.16

Population: 2,325,350

Phoenix, AZ

Average Audit Manager salary in Phoenix, AZ: $104,298 per year (based on 5 reported salaries).

Cost of living index: 73.35

Population: 1,759,940

Tampa, FL

Average Audit Manager salary in Tampa, FL: $101,482 per year (based on 16 reported salaries).

Cost of living index: 76.65

Population: 407,104

Miami, FL

Average Audit Manager salary in Miami, FL: $101,407 per year (based on 8 reported salaries).

Cost of living index: 78.29

Population: 483,395

Omaha, NE

Average Audit Manager salary in Omaha NE: $98,488 per year (based on 7 reported salaries).

Cost of living index: 76.58

Population: 480,871

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