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The differences between audit interns and tax associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax associate has an average salary of $62,466, 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 tax associate are strong customer service, CPA, and tax planning.
| Audit Internship | Tax Associate | |
| Yearly salary | $48,313 | $62,466 |
| Hourly rate | $23.23 | $30.03 |
| Growth rate | 6% | 6% |
| Number of jobs | 59,053 | 42,019 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 56% |
| Average age | 44 | 47 |
| 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.
Tax associates are responsible for helping businesses and individuals with state and federal income tax preparation and compliance. These professionals often work for accounting firms and financial services companies. They perform varied tasks that include reviewing income statements, financial records, and expenditures, interviewing clients about income and expenses, and minimizing their clients' tax liability. Tax associates also conduct research on tax issues and assist with tax audits, advise clients on compensation and tax information, and maintain accurate and current client records.
Audit interns and tax associates have different pay scales, as shown below.
| Audit Internship | Tax Associate | |
| Average salary | $48,313 | $62,466 |
| Salary range | Between $32,000 And $71,000 | Between $40,000 And $95,000 |
| Highest paying City | New York, NY | Las Vegas, NV |
| Highest paying state | Alaska | Nevada |
| Best paying company | RSM US | Ropes & Gray |
| Best paying industry | Professional | Finance |
There are a few differences between an audit internship and a tax associate in terms of educational background:
| Audit Internship | Tax Associate | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 56% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between audit interns' and tax associates' demographics:
| Audit Internship | Tax Associate | |
| Average age | 44 | 47 |
| Gender ratio | Male, 51.9% Female, 48.1% | Male, 36.4% Female, 63.6% |
| 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, 9.6% Unknown, 4.0% Hispanic or Latino, 18.2% Asian, 10.2% White, 57.3% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 8% |