Audit partner vs inventory auditor

The differences between audit partners and inventory 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 $33,666 average annual salary of an inventory auditor.

The top three skills for an audit partner include client service, CPA and client relationships. The most important skills for an inventory auditor are customer service, basic math, and sales floor.

Audit partner vs inventory auditor overview

	Audit Partner	Inventory Auditor
Yearly salary	$195,691	$33,666
Hourly rate	$94.08	$16.19
Growth rate	6%	6%
Number of jobs	33,597	37,887
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 38%
Average age	44	44
Years of experience	-	-

Audit partner vs inventory auditor salary

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

	Audit Partner	Inventory Auditor
Average salary	$195,691	$33,666
Salary range	Between $120,000 And $318,000	Between $26,000 And $42,000
Highest paying City	-	New York, NY
Highest paying state	-	Alaska
Best paying company	-	BD
Best paying industry	-	Technology

Differences between audit partner and inventory auditor education

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

	Audit Partner	Inventory Auditor
Most common degree	Bachelor's Degree, 81%	Bachelor's Degree, 38%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Audit partner vs inventory auditor demographics

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

	Audit Partner	Inventory Auditor
Average age	44	44
Gender ratio	Male, 83.1% Female, 16.9%	Male, 53.3% Female, 46.7%
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, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between audit partner and inventory 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.

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.

Audit partner vs inventory auditor skills

Common audit partner skills

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

Common inventory auditor skills

Customer Service, 22%
Basic Math, 20%
Sales Floor, 7%
Inventory Audits, 7%
Computer Data, 6%
Organizational Effectiveness, 6%