Audit internship vs fixed asset accountant

The differences between audit interns and fixed asset accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a fixed asset accountant has an average salary of $59,691, 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 a fixed asset accountant are fixed assets, reconciliations, and asset system.

Audit internship vs fixed asset accountant overview

	Audit Internship	Fixed Asset Accountant
Yearly salary	$48,313	$59,691
Hourly rate	$23.23	$28.70
Growth rate	6%	6%
Number of jobs	59,053	42,860
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 77%
Average age	44	44
Years of experience	-	4

What does an audit internship do?

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.

What does a fixed asset accountant do?

A fixed asset accountant is responsible for processing statement reports for the company's assets, organizing account records, and handling bank reconciliations and disputes. Fixed asset accountants must have excellent knowledge of the accounting principles to determine and track the assets dispositions in various accounting systems for reference. They also ensure the accurate balance and calculate the value of all fixed assets for reports. A fixed asset accountant should be highly analytical to measure asset obligations and provide recommendations for asset acquisition.

Audit internship vs fixed asset accountant salary

Audit interns and fixed asset accountants have different pay scales, as shown below.

	Audit Internship	Fixed Asset Accountant
Average salary	$48,313	$59,691
Salary range	Between $32,000 And $71,000	Between $46,000 And $76,000
Highest paying City	New York, NY	New York, NY
Highest paying state	Alaska	New York
Best paying company	RSM US	Apple
Best paying industry	Professional	Energy

Differences between audit internship and fixed asset accountant education

There are a few differences between an audit internship and a fixed asset accountant in terms of educational background:

	Audit Internship	Fixed Asset Accountant
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Audit internship vs fixed asset accountant demographics

Here are the differences between audit interns' and fixed asset accountants' demographics:

	Audit Internship	Fixed Asset Accountant
Average age	44	44
Gender ratio	Male, 51.9% Female, 48.1%	Male, 43.8% Female, 56.2%
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, 8.4% Unknown, 4.0% Hispanic or Latino, 10.7% Asian, 13.0% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between audit internship and fixed asset accountant duties and responsibilities

Audit internship example responsibilities.

Manage audit finalization, SOX audit and internal audit of multinational companies
Manage accounting operations, accounting close, account reporting and reconciliations for internal corporate and bank transactions.
Conduct FDA submission projects including projects.
Assist the senior manager to make PowerPoint presentation.
Work with senior management to prepare PowerPoint presentations for clients.
Have currently effective BLS and ACLS certificates, confidently run codes.

Fixed asset accountant example responsibilities.

Lead the discussions on the level of asset componentization with respect to compliance IFRS standards.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Monitor purchase orders and calculate month-end accruals.
Support internal and external audit requirements and verify SOX documentation.
Calculate and reconcile deferred rent liability accruals for office leases.
Set up a consolidate and centralize SOX depository for require documentation.

Audit internship vs fixed asset accountant skills

Common audit internship skills

Audit Procedures, 18%
Risk Assessments, 15%
CPA, 11%
GAAP, 9%
Audit Intern, 7%
First Hand, 5%

Common fixed asset accountant skills

Fixed Assets, 16%
Reconciliations, 8%
Asset System, 6%
GAAP, 5%
Financial Statements, 4%
Account Reconciliations, 4%

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Audit Internship vs Fixed Asset Accountant

Updated January 8, 2025

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