Audit partner vs audit specialist

The differences between audit partners and audit specialists 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 $58,291 average annual salary of an audit specialist.

The top three skills for an audit partner include client service, CPA and client relationships. The most important skills for an audit specialist are audit reports, patients, and customer service.

Audit partner vs audit specialist overview

	Audit Partner	Audit Specialist
Yearly salary	$195,691	$58,291
Hourly rate	$94.08	$28.02
Growth rate	6%	6%
Number of jobs	33,597	40,071
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 55%
Average age	44	44
Years of experience	-	-

Audit partner vs audit specialist salary

Audit partners and audit specialists have different pay scales, as shown below.

	Audit Partner	Audit Specialist
Average salary	$195,691	$58,291
Salary range	Between $120,000 And $318,000	Between $34,000 And $99,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	California
Best paying company	-	SAP
Best paying industry	-	Professional

Differences between audit partner and audit specialist education

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

	Audit Partner	Audit Specialist
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 55%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Audit partner vs audit specialist demographics

Here are the differences between audit partners' and audit specialists' demographics:

	Audit Partner	Audit Specialist
Average age	44	44
Gender ratio	Male, 83.1% Female, 16.9%	Male, 33.7% Female, 66.3%
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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between audit partner and audit specialist 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.

Audit specialist example responsibilities.

Manage vendor billing disputes for southwestern region from initiation to documentation of resolution while ensuring compliance with SOX guidelines.
Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Review and verify the submitted documentation for completeness to verify the company is in compliance with Sarbanes-Oxley (SOX).
Coordinate delivery of mortgage back securities with internal and external stakeholders.
Monitor and maintain automated report generation and distribution via Cognos NoticeCast.
Prepare monthly incentive payment and quarterly incentive bonus data for payroll department.

Audit partner vs audit specialist skills

Common audit partner skills

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

Common audit specialist skills

Audit Reports, 11%
Patients, 8%
Customer Service, 7%
Internal Audit, 6%
Audit Findings, 5%
Process Improvement, 4%