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Associate auditor vs audit specialist

The differences between associate auditors and audit specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an audit specialist has an average salary of $58,291, which is higher than the $56,973 average annual salary of an associate auditor.

The top three skills for an associate auditor include internal controls, financial services and internal audit. The most important skills for an audit specialist are audit reports, patients, and customer service.

Associate auditor vs audit specialist overview

Associate AuditorAudit Specialist
Yearly salary$56,973$58,291
Hourly rate$27.39$28.02
Growth rate6%6%
Number of jobs20,19240,071
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 55%
Average age4444
Years of experience--

What does an associate auditor do?

An Associate Auditor assists in the review and evaluation of operational and management control systems. They also assist clients with routine accounting functions.

What does an audit specialist do?

An audit specialist is responsible for evaluating the reports by a professional auditor that will assist in improving the growth of the organization to achieve its goals and objectives. Audit specialists aid in the development of the company by using a systematic approach to reach the goals set by the company. Primary responsibilities include operating complex and difficult audit projects and conducting audits of control, financial, and other operating records. Also, they develop, implement distinct audit strategies, programs, and procedures for intricate assignments.

Associate auditor vs audit specialist salary

Associate auditors and audit specialists have different pay scales, as shown below.

Associate AuditorAudit Specialist
Average salary$56,973$58,291
Salary rangeBetween $44,000 And $72,000Between $34,000 And $99,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companySantander Private Banking InternationalSAP
Best paying industryFinanceProfessional

Differences between associate auditor and audit specialist education

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

Associate AuditorAudit Specialist
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 55%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Associate auditor vs audit specialist demographics

Here are the differences between associate auditors' and audit specialists' demographics:

Associate AuditorAudit Specialist
Average age4444
Gender ratioMale, 51.0% Female, 49.0%Male, 33.7% Female, 66.3%
Race ratioBlack or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.5% White, 59.6% American Indian and Alaska Native, 0.5%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between associate auditor and audit specialist duties and responsibilities

Associate auditor example responsibilities.

  • Manage accounts payable/receivable/inventory, payroll, selling and administrative expense, owner s equity and cash accounts.
  • Manage accounting operations, accounting close, account reporting and reconciliations for internal corporate and bank transactions.
  • Review simple visit coding of HCPCS, ICD, and CPT codes to ensure coding compliance.
  • Provide education to linear departments base on payer bulletins and CMS guidelines via updates receive from Novitas.
  • Prepare the charge master to reflect all charges for all departments by applying the appropriate HCPCS and CPT codes.
  • Travel to various locations outside of normal business commute for audits, site visits, quarterly reviews, and SOX testing.
  • Show more

Audit specialist example responsibilities.

  • Manage vendor billing disputes for southwestern region from initiation to documentation of resolution while ensuring compliance with SOX guidelines.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Review and verify the submitted documentation for completeness to verify the company is in compliance with Sarbanes-Oxley (SOX).
  • Coordinate delivery of mortgage back securities with internal and external stakeholders.
  • Monitor and maintain automated report generation and distribution via Cognos NoticeCast.
  • Prepare monthly incentive payment and quarterly incentive bonus data for payroll department.
  • Show more

Associate auditor vs audit specialist skills

Common associate auditor skills
  • Internal Controls, 15%
  • Financial Services, 5%
  • Internal Audit, 5%
  • Audit Procedures, 5%
  • Audit Engagements, 5%
  • Risk Assessments, 4%
Common audit specialist skills
  • Audit Reports, 11%
  • Patients, 8%
  • Customer Service, 7%
  • Internal Audit, 6%
  • Audit Findings, 5%
  • Process Improvement, 4%

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