Audit partner vs associate auditor

The differences between audit partners and associate auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an audit partner has an average salary of $195,691, which is higher than the $56,973 average annual salary of an associate auditor.

The top three skills for an audit partner include client service, CPA and client relationships. The most important skills for an associate auditor are internal controls, financial services, and internal audit.

Audit partner vs associate auditor overview

	Audit Partner	Associate Auditor
Yearly salary	$195,691	$56,973
Hourly rate	$94.08	$27.39
Growth rate	6%	6%
Number of jobs	33,597	20,192
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 72%
Average age	44	44
Years of experience	-	-

Audit partner vs associate auditor salary

Audit partners and associate auditors have different pay scales, as shown below.

	Audit Partner	Associate Auditor
Average salary	$195,691	$56,973
Salary range	Between $120,000 And $318,000	Between $44,000 And $72,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Santander Private Banking International
Best paying industry	-	Finance

Differences between audit partner and associate auditor education

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

	Audit Partner	Associate Auditor
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 72%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Audit partner vs associate auditor demographics

Here are the differences between audit partners' and associate auditors' demographics:

	Audit Partner	Associate Auditor
Average age	44	44
Gender ratio	Male, 83.1% Female, 16.9%	Male, 51.0% Female, 49.0%
Race ratio	Black or African American, 8.9% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5%	Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.5% White, 59.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between audit partner and associate auditor duties and responsibilities

Audit partner example responsibilities.

Manage audits of monthly closings, bank reports, cash flow, operations analysis, revenue accounting, and IPO documents.
Frequent speaker to professional organizations on FASB activities.
Implement audit risk practice utilizing COSO methodology, updating internal audit approach from traditional substantive testing to risk-base auditing.
Involve in planning and execution of testing revenue/ cost adjustments relate to an early adoption of ASC 606.

Associate auditor example responsibilities.

Manage accounts payable/receivable/inventory, payroll, selling and administrative expense, owner s equity and cash accounts.
Manage accounting operations, accounting close, account reporting and reconciliations for internal corporate and bank transactions.
Review simple visit coding of HCPCS, ICD, and CPT codes to ensure coding compliance.
Provide education to linear departments base on payer bulletins and CMS guidelines via updates receive from Novitas.
Prepare the charge master to reflect all charges for all departments by applying the appropriate HCPCS and CPT codes.
Travel to various locations outside of normal business commute for audits, site visits, quarterly reviews, and SOX testing.

Audit partner vs associate auditor skills

Common audit partner skills

Client Service, 23%
CPA, 21%
Client Relationships, 11%
Audit Services, 7%
Real Estate, 7%
Financial Services, 5%

Common associate auditor skills

Internal Controls, 15%
Financial Services, 5%
Internal Audit, 5%
Audit Procedures, 5%
Audit Engagements, 5%
Risk Assessments, 4%