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Auditor hiring summary. Here are some key points about hiring auditors in the United States:
Here's a step-by-step auditor hiring guide:
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.
First, determine the employments status of the auditor you need to hire. Certain auditor roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
An auditor's background is also an important factor in determining whether they'll be a good fit for the position. For example, auditors from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of auditor salaries for various roles:
| Type of Auditor | Description | Hourly rate |
|---|---|---|
| Auditor | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show more | $16-40 |
| Corporate Accountant | A corporate accountant is a professional who prepares financial statements and maintains financial records of an organization to ensure that they comply with laws, regulations, and the organization's policies. Corporate accountants are required to analyze financial statements to help executives make financial decisions for the organization... Show more | $22-42 |
| Tax Professional | A tax professional is responsible for conducting tax procedures, ensuring that all tax documents are filed timely and accurately. Tax professionals review financial statements, verify adjustments, and resolve account discrepancies... Show more | $14-55 |
Including a salary range in your auditor job description is one of the best ways to attract top talent. An auditor can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $82,430 | $40 |
| 2 | New Jersey | $82,252 | $40 |
| 3 | New York | $73,111 | $35 |
| 4 | Maryland | $70,966 | $34 |
| 5 | California | $69,861 | $34 |
| 6 | Virginia | $69,064 | $33 |
| 7 | Massachusetts | $65,155 | $31 |
| 8 | Pennsylvania | $58,344 | $28 |
| 9 | Illinois | $57,316 | $28 |
| 10 | North Carolina | $55,825 | $27 |
| 11 | Texas | $55,329 | $27 |
| 12 | Ohio | $51,747 | $25 |
| 13 | Michigan | $50,067 | $24 |
| 14 | Colorado | $49,781 | $24 |
| 15 | Georgia | $49,281 | $24 |
| 16 | Louisiana | $49,231 | $24 |
| 17 | Arizona | $48,304 | $23 |
| 18 | Utah | $48,296 | $23 |
| 19 | Florida | $47,602 | $23 |
| 20 | Minnesota | $47,084 | $23 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Microsoft | $116,556 | $56.04 | |
| 2 | $112,600 | $54.13 | ||
| 3 | PayPal | $107,716 | $51.79 | 2 |
| 4 | NVIDIA | $104,199 | $50.10 | 2 |
| 5 | Apple | $99,454 | $47.81 | |
| 6 | ResMed | $97,192 | $46.73 | |
| 7 | eBay | $97,110 | $46.69 | |
| 8 | Novartis | $97,023 | $46.65 | 1 |
| 9 | Intel | $96,900 | $46.59 | |
| 10 | Boehringer Ingelheim | $96,325 | $46.31 | |
| 11 | Bristol-Myers Squibb | $95,073 | $45.71 | 5 |
| 12 | BP America Inc | $95,001 | $45.67 | |
| 13 | Wind River | $94,750 | $45.55 | |
| 14 | Citi | $94,486 | $45.43 | |
| 15 | Barclays | $94,292 | $45.33 | |
| 16 | Stepan | $92,761 | $44.60 | |
| 17 | UBS | $92,681 | $44.56 | |
| 18 | Dolby Laboratories | $91,906 | $44.19 | |
| 19 | Pwc | $91,707 | $44.09 | 3 |
| 20 | DTCC | $91,102 | $43.80 |
A good auditor job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an auditor job description:
There are various strategies that you can use to find the right auditor for your business:
To successfully recruit auditors, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best auditor candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new auditor. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Before you start to hire auditors, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire auditors pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $54,853 per year for an auditor, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for auditors in the US typically range between $16 and $40 an hour.