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Audit internship vs inventory auditor

The differences between audit interns and inventory auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an audit internship has an average salary of $48,313, which is higher than the $33,666 average annual salary of an inventory auditor.

The top three skills for an audit internship include audit procedures, risk assessments and CPA. The most important skills for an inventory auditor are customer service, basic math, and sales floor.

Audit internship vs inventory auditor overview

Audit InternshipInventory Auditor
Yearly salary$48,313$33,666
Hourly rate$23.23$16.19
Growth rate6%6%
Number of jobs59,05337,887
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 38%
Average age4444
Years of experience--

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 an inventory auditor do?

Inventory auditors are responsible for creating and monitoring inventory reports as well as recording various products and stocks. Often, Inventory Auditor works full-time hours inside a warehouse and delivery company, business establishment, Malls, and other management company. The job also includes traveling to different locations and work with multiple industries. Counts the item stock's quantity and compares the inventory record to physical inventory to ensure that the number matches with the supply amount and there is no missing product.

Audit internship vs inventory auditor salary

Audit interns and inventory auditors have different pay scales, as shown below.

Audit InternshipInventory Auditor
Average salary$48,313$33,666
Salary rangeBetween $32,000 And $71,000Between $26,000 And $42,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateAlaskaAlaska
Best paying companyRSM USBD
Best paying industryProfessionalTechnology

Differences between audit internship and inventory auditor education

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

Audit InternshipInventory Auditor
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 38%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Audit internship vs inventory auditor demographics

Here are the differences between audit interns' and inventory auditors' demographics:

Audit InternshipInventory Auditor
Average age4444
Gender ratioMale, 51.9% Female, 48.1%Male, 53.3% Female, 46.7%
Race ratioBlack 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, 8.7% 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 audit internship and inventory auditor 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.
  • Show more

Inventory auditor example responsibilities.

  • Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
  • Process price adjustments, correct inventory in the AS400 system.
  • Perform research in WMS, and report problem and perform final confirmation of correction.
  • Perform daily warehouse audits using AS400 verifying product quantity, location, and shipping information.
  • Travel to different stores and take account of store's inventory using a microcomputer and a RF scanner.
  • Inventory merchandise with the use of the RF system, audit trailers, investigate and communicate discrepancies and cycle count merchandise.
  • Show more

Audit internship vs inventory auditor skills

Common audit internship skills
  • Audit Procedures, 18%
  • Risk Assessments, 15%
  • CPA, 11%
  • GAAP, 9%
  • Audit Intern, 7%
  • First Hand, 5%
Common inventory auditor skills
  • Customer Service, 22%
  • Basic Math, 20%
  • Sales Floor, 7%
  • Inventory Audits, 7%
  • Computer Data, 6%
  • Organizational Effectiveness, 6%

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