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Business advisor vs auditor

The differences between business advisors and auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $54,853 average annual salary of an auditor.

The top three skills for a business advisor include customer service, project management and business operations. The most important skills for an auditor are audit reports, customer service, and financial statements.

Business advisor vs auditor overview

Business AdvisorAuditor
Yearly salary$96,469$54,853
Hourly rate$46.38$26.37
Growth rate6%6%
Number of jobs125,15420,325
Job satisfaction-3
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 55%
Average age4444
Years of experience--

What does a business advisor do?

Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.

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.

Business advisor vs auditor salary

Business advisors and auditors have different pay scales, as shown below.

Business AdvisorAuditor
Average salary$96,469$54,853
Salary rangeBetween $67,000 And $138,000Between $35,000 And $84,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateNew JerseyNew Jersey
Best paying companyAmazonMicrosoft
Best paying industryTechnologyProfessional

Differences between business advisor and auditor education

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

Business AdvisorAuditor
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 55%
Most common majorBusinessAccounting
Most common collegeWestern Carolina UniversityUniversity of Pennsylvania

Business advisor vs auditor demographics

Here are the differences between business advisors' and auditors' demographics:

Business AdvisorAuditor
Average age4444
Gender ratioMale, 63.9% Female, 36.1%Male, 44.9% Female, 55.1%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%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%
LGBT Percentage11%7%

Differences between business advisor and auditor duties and responsibilities

Business advisor example responsibilities.

  • Manage training and presentation collateral on SharePoint system, resulting in recycling of documentation for consistent messaging across enterprise.
  • Manage cost-centers and leverage unique Indian production and post- production capabilities and position the company as a prefer production partner.
  • Prepare financial statements, payroll tax reports, and advise small business clients on accounting and financial management matters.
  • Provide a supplement team in an effort to create a cloud computing architecture team at a major telecommunications company.
  • Handle miscellaneous bookkeeping duties including payroll, payroll taxes, accounts receivable, accounts payable and financial statements for client companies.
  • Support the reengineering of the SME development area.
  • Show more

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.
  • Show more

Business advisor vs auditor skills

Common business advisor skills
  • Customer Service, 10%
  • Project Management, 8%
  • Business Operations, 8%
  • Strong Analytical, 8%
  • Healthcare, 7%
  • Human Resources, 4%
Common auditor skills
  • Audit Reports, 18%
  • Customer Service, 8%
  • Financial Statements, 6%
  • Audit Findings, 5%
  • Audit Procedures, 5%
  • Payroll, 5%

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