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Associate auditor vs lead auditor

The differences between associate auditors and lead auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a lead auditor has an average salary of $85,352, 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 a lead auditor are ISO, medicare, and management system.

Associate auditor vs lead auditor overview

Associate AuditorLead Auditor
Yearly salary$56,973$85,352
Hourly rate$27.39$41.03
Growth rate6%6%
Number of jobs20,19220,504
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 58%
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 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.

Associate auditor vs lead auditor salary

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

Associate AuditorLead Auditor
Average salary$56,973$85,352
Salary rangeBetween $44,000 And $72,000Between $62,000 And $115,000
Highest paying CityWashington, DCNew York, NY
Highest paying stateNew YorkNew York
Best paying companySantander Private Banking InternationalMeta
Best paying industryFinanceProfessional

Differences between associate auditor and lead auditor education

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

Associate AuditorLead Auditor
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 58%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Associate auditor vs lead auditor demographics

Here are the differences between associate auditors' and lead auditors' demographics:

Associate AuditorLead Auditor
Average age4444
Gender ratioMale, 51.0% Female, 49.0%Male, 57.9% Female, 42.1%
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, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between associate auditor and lead auditor 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

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

Associate auditor vs lead auditor skills

Common associate auditor skills
  • Internal Controls, 15%
  • Financial Services, 5%
  • Internal Audit, 5%
  • Audit Procedures, 5%
  • Audit Engagements, 5%
  • Risk Assessments, 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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