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The differences between audit interns and auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an auditor has an average salary of $54,853, which is higher than the $48,313 average annual salary of an audit internship.
The top three skills for an audit internship include audit procedures, risk assessments and CPA. The most important skills for an auditor are audit reports, customer service, and financial statements.
| Audit Internship | Auditor | |
| Yearly salary | $48,313 | $54,853 |
| Hourly rate | $23.23 | $26.37 |
| Growth rate | 6% | 6% |
| Number of jobs | 59,053 | 20,325 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 55% |
| Average age | 44 | 44 |
| Years of experience | - | - |
An audit intern is responsible for assisting the finance department in processing financial reports, analyzing account statements, releasing invoices, and conducting tax audits. Audit interns shadow tenured staff on the operation procedures to familiarize themselves with work processes. They are also tasked to do administrative and clerical duties under the supervision of a direct supervisor, such as writing reports, ensuring the accuracy of financial statements, responding to clients' inquiries and concerns, and escalating high-level complaints to the supervisor for immediate resolution.
An auditor is responsible for reviewing financial statements and making sure that the reports align with the accounting principles and legislative standards. Some of the important duties of an auditor are verifying the company's account statements, ensuring that the business is free from fraud and other unusual activities, providing recommendations to boost operations' performance, and creating financial reports for the board. An auditor should have excellent analytical and decision-making skills to spot inaccuracies of financial statements and resolve financial issues immediately.
Audit interns and auditors have different pay scales, as shown below.
| Audit Internship | Auditor | |
| Average salary | $48,313 | $54,853 |
| Salary range | Between $32,000 And $71,000 | Between $35,000 And $84,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | Alaska | New Jersey |
| Best paying company | RSM US | Microsoft |
| Best paying industry | Professional | Professional |
There are a few differences between an audit internship and an auditor in terms of educational background:
| Audit Internship | Auditor | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 55% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between audit interns' and auditors' demographics:
| Audit Internship | Auditor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 51.9% Female, 48.1% | Male, 44.9% Female, 55.1% |
| Race ratio | Black or African American, 7.4% Unknown, 3.9% Hispanic or Latino, 9.7% Asian, 17.9% White, 60.5% American Indian and Alaska Native, 0.4% | Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.5% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |