Audit partner vs internal auditor

The differences between audit partners and internal 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 $63,013 average annual salary of an internal auditor.

The top three skills for an audit partner include client service, CPA and client relationships. The most important skills for an internal auditor are CPA, risk management, and SOX.

Audit partner vs internal auditor overview

	Audit Partner	Internal Auditor
Yearly salary	$195,691	$63,013
Hourly rate	$94.08	$30.29
Growth rate	6%	6%
Number of jobs	33,597	25,571
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 75%
Average age	44	44
Years of experience	-	-

Audit partner vs internal auditor salary

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

	Audit Partner	Internal Auditor
Average salary	$195,691	$63,013
Salary range	Between $120,000 And $318,000	Between $45,000 And $86,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Manufacturing

Differences between audit partner and internal auditor education

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

	Audit Partner	Internal Auditor
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 75%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Audit partner vs internal auditor demographics

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

	Audit Partner	Internal Auditor
Average age	44	44
Gender ratio	Male, 83.1% Female, 16.9%	Male, 54.6% Female, 45.4%
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, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.9% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between audit partner and internal 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.

Internal auditor example responsibilities.

Manage and coordinate annual external business evaluation in conjunction with CPA consultants.
Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Conduct complex performance audits, fraud investigations, special projects and routine follow-up reviews in accordance with IIA standards.
Perform tests of critical controls in compliance with Sarbanes-Oxley legislation and report results utilizing company compliance tool to validate SOX checklist.
Develop company FDA policy & procedures for liquid oxygen small bulk delivery vessels.
Perform planning, compliance testing, substantive analysis and testing in accordance with GAAS.

Audit partner vs internal auditor skills

Common audit partner skills

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

Common internal auditor skills

CPA, 8%
Risk Management, 5%
SOX, 5%
Audit Findings, 5%
Audit Procedures, 5%
Internal Audit Function, 5%