Auditor vs inventory auditor

The differences between auditors and inventory auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an auditor has an average salary of $54,853, which is higher than the $33,666 average annual salary of an inventory auditor.

The top three skills for an auditor include audit reports, customer service and financial statements. The most important skills for an inventory auditor are customer service, basic math, and sales floor.

Auditor vs inventory auditor overview

	Auditor	Inventory Auditor
Yearly salary	$54,853	$33,666
Hourly rate	$26.37	$16.19
Growth rate	6%	6%
Number of jobs	20,325	37,887
Job satisfaction	3	-
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 38%
Average age	44	44
Years of experience	-	-

What does an auditor do?

An auditor is responsible for reviewing financial statements and making sure that the reports align with the accounting principles and legislative standards. Some of the important duties of an auditor are verifying the company's account statements, ensuring that the business is free from fraud and other unusual activities, providing recommendations to boost operations' performance, and creating financial reports for the board. An auditor should have excellent analytical and decision-making skills to spot inaccuracies of financial statements and resolve financial issues immediately.

What does an inventory auditor do?

Inventory auditors are responsible for creating and monitoring inventory reports as well as recording various products and stocks. Often, Inventory Auditor works full-time hours inside a warehouse and delivery company, business establishment, Malls, and other management company. The job also includes traveling to different locations and work with multiple industries. Counts the item stock's quantity and compares the inventory record to physical inventory to ensure that the number matches with the supply amount and there is no missing product.

Auditor vs inventory auditor salary

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

	Auditor	Inventory Auditor
Average salary	$54,853	$33,666
Salary range	Between $35,000 And $84,000	Between $26,000 And $42,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	New Jersey	Alaska
Best paying company	Microsoft	BD
Best paying industry	Professional	Technology

Differences between auditor and inventory auditor education

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

	Auditor	Inventory Auditor
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 38%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Auditor vs inventory auditor demographics

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

	Auditor	Inventory Auditor
Average age	44	44
Gender ratio	Male, 44.9% Female, 55.1%	Male, 53.3% Female, 46.7%
Race ratio	Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.5% 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 auditor and inventory auditor duties and responsibilities

Auditor example responsibilities.

Lead FDA readiness audits and participate in regulatory inspections.
Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Perform semi-annual financial audits w/ externally contract CPA to validate accounts payable and receivables.
Develop and facilitate training for SOX process owners and other stakeholders using Microsoft PowerPoint.
Work efficiently and effectively with various process owners to develop SOX specific business processes and mating documentation controls.

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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.

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Auditor vs inventory auditor skills

Common auditor skills

Audit Reports, 18%
Customer Service, 8%
Financial Statements, 6%
Audit Findings, 5%
Audit Procedures, 5%
Payroll, 5%

Common inventory auditor skills

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

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Updated January 8, 2025

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