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Audit assistant vs accountable clerk

The differences between audit assistants and accountable clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an audit assistant and an accountable clerk. Additionally, an audit assistant has an average salary of $58,744, which is higher than the $38,120 average annual salary of an accountable clerk.

The top three skills for an audit assistant include audit reports, CPA and risk assessments. The most important skills for an accountable clerk are data entry, financial reports, and purchase orders.

Audit assistant vs accountable clerk overview

Audit AssistantAccountable Clerk
Yearly salary$58,744$38,120
Hourly rate$28.24$18.33
Growth rate-5%-5%
Number of jobs12,69281,209
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 41%
Average age5151
Years of experience66

What does an audit assistant do?

It is the job of an audit assistant to monitor and analyze the financial reports of a business enterprise. Audit assistants prepare the financial reports and ensure compliance with the tax regulations. They determine both the strengths and weaknesses of the finances of an organization. Their job includes checking the accuracy of accounting procedures and systems. They make a review, assessment, and recommendations for changes in business unit accounting systems and controls.

What does an accountable clerk do?

The duties of an accountable clerk vary in one's industry of employment. Typically, their responsibilities revolve around overseeing the financial aspects of a company, including revenue and budget. They mostly process payments and income, ensuring accuracy in every detail and transaction. An accountable clerk may also have clerical tasks such as producing progress reports, answering calls and correspondence, coordinating with various department personnel, and maintaining a database of information. Should there be any issues, it is essential to report to a manager right away.

Audit assistant vs accountable clerk salary

Audit assistants and accountable clerks have different pay scales, as shown below.

Audit AssistantAccountable Clerk
Average salary$58,744$38,120
Salary rangeBetween $49,000 And $70,000Between $29,000 And $49,000
Highest paying CityBoston, MANew Haven, CT
Highest paying stateDelawareMassachusetts
Best paying companyState StreetWayne County, Michigan
Best paying industryTechnologyGovernment

Differences between audit assistant and accountable clerk education

There are a few differences between an audit assistant and an accountable clerk in terms of educational background:

Audit AssistantAccountable Clerk
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 41%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Audit assistant vs accountable clerk demographics

Here are the differences between audit assistants' and accountable clerks' demographics:

Audit AssistantAccountable Clerk
Average age5151
Gender ratioMale, 38.2% Female, 61.8%Male, 19.1% Female, 80.9%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between audit assistant and accountable clerk duties and responsibilities

Audit assistant example responsibilities.

  • Manage quarterly reviews (10-Q) and annual audit (10-K) of two public companies as per PCAOB standards.
  • Communicate with health facility staff, consultants and CPA regarding the resolution of technical, accounting and conceptual errors.
  • Go on audit with team, work with clients collecting data they already have prepared and pass out to each CPA.
  • Submit payroll information on all associates bi-weekly.
  • Generate PowerPoint presentations as required for various staff members.
  • Participate in SOX compliance audit for an international medical manufacturing company.
  • Show more

Accountable clerk example responsibilities.

  • Manage the accurate and timely processing of AP invoices for multiple companies.
  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Scan incoming A/P, A/R, bank statements, mail, etc.
  • Review AR aging to ensure compliance.
  • Process, distribute, and maintain AR invoices.
  • Review and handle in-clearing reject items (ACH and checks) and process check adjustments.
  • Show more

Audit assistant vs accountable clerk skills

Common audit assistant skills
  • Audit Reports, 30%
  • CPA, 11%
  • Risk Assessments, 8%
  • Audit Procedures, 6%
  • Analytical Review, 5%
  • Sarbanes-Oxley, 4%
Common accountable clerk skills
  • Data Entry, 11%
  • Financial Reports, 10%
  • Purchase Orders, 8%
  • Customer Service, 8%
  • Process Payroll, 8%
  • Office Equipment, 4%

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