Auditor-in-charge vs internal auditor

The differences between auditors-in-charge and internal auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an internal auditor has an average salary of $63,013, which is higher than the $55,787 average annual salary of an auditor-in-charge.

The top three skills for an auditor-in-charge include internal controls, worksheets and analytical review. The most important skills for an internal auditor are CPA, risk management, and SOX.

Auditor-in-charge vs internal auditor overview

	Auditor-In-Charge	Internal Auditor
Yearly salary	$55,787	$63,013
Hourly rate	$26.82	$30.29
Growth rate	6%	6%
Number of jobs	63,534	25,571
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 75%
Average age	44	44
Years of experience	-	-

Auditor-in-charge vs internal auditor salary

Auditors-in-charge and internal auditors have different pay scales, as shown below.

	Auditor-In-Charge	Internal Auditor
Average salary	$55,787	$63,013
Salary range	Between $39,000 And $78,000	Between $45,000 And $86,000
Highest paying City	New York, NY	Washington, DC
Highest paying state	Alaska	New York
Best paying company	Tenet Healthcare	Meta
Best paying industry	Professional	Manufacturing

Differences between auditor-in-charge and internal auditor education

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

	Auditor-In-Charge	Internal Auditor
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 75%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Auditor-in-charge vs internal auditor demographics

Here are the differences between auditors-in-charge' and internal auditors' demographics:

	Auditor-In-Charge	Internal Auditor
Average age	44	44
Gender ratio	Male, 46.3% Female, 53.7%	Male, 54.6% Female, 45.4%
Race ratio	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 12.2% White, 63.9% 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 auditor-in-charge and internal auditor duties and responsibilities

Auditor-in-charge example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations for internal corporate and bank transactions.
Plan and execute financial and operational audits including risk assessments and SOX testing.
Conduct Medicare and Medicaid field audits.
Prepare payrolls and quarterly payroll and sales tax returns.
Ensure clients' financial records in compliance with GAAP and GAAS :.
Complete CPA exam on first sitting -schedule, supervise and train staff personnel

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.

Auditor-in-charge vs internal auditor skills

Common auditor-in-charge skills

Internal Controls, 12%
Worksheets, 11%
Analytical Review, 8%
SOX, 7%
Sarbanes-Oxley, 7%
Income Statement, 6%

Common internal auditor skills

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