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Compliance analyst vs auditor

The differences between compliance analysts and auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance analyst has an average salary of $59,108, which is higher than the $54,853 average annual salary of an auditor.

The top three skills for a compliance analyst include powerpoint, customer service and risk assessments. The most important skills for an auditor are audit reports, customer service, and financial statements.

Compliance analyst vs auditor overview

Compliance AnalystAuditor
Yearly salary$59,108$54,853
Hourly rate$28.42$26.37
Growth rate6%6%
Number of jobs26,13820,325
Job satisfaction-3
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 55%
Average age4644
Years of experience--

What does a compliance analyst do?

A compliance analyst is in charge of ensuring that every operation and aspect in a company or facility adheres to the laws and regulations. They are also responsible for conducting regular inspections and assessments, producing reports and presentations, disseminating necessary information and reminders, researching existing policies and laws related to the industry, and remaining updated with new regulations. Furthermore, there are instances when a compliance analyst must gather requirements and process them to receive compliance certifications from agencies.

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.

Compliance analyst vs auditor salary

Compliance analysts and auditors have different pay scales, as shown below.

Compliance AnalystAuditor
Average salary$59,108$54,853
Salary rangeBetween $39,000 And $87,000Between $35,000 And $84,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaNew Jersey
Best paying companyMetaMicrosoft
Best paying industryTechnologyProfessional

Differences between compliance analyst and auditor education

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

Compliance AnalystAuditor
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 55%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Compliance analyst vs auditor demographics

Here are the differences between compliance analysts' and auditors' demographics:

Compliance AnalystAuditor
Average age4644
Gender ratioMale, 43.5% Female, 56.5%Male, 44.9% Female, 55.1%
Race ratioBlack or African American, 11.5% Unknown, 4.4% Hispanic or Latino, 15.2% Asian, 8.0% White, 60.1% American Indian and Alaska Native, 0.8%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 Percentage12%7%

Differences between compliance analyst and auditor duties and responsibilities

Compliance analyst example responsibilities.

  • Manage FHA, FHLMC, FNMA, VA and GNMA files.
  • Manage monthly allocation process & governance to non-Germany regions, balancing regions & projects.
  • Serve as TeamRoom/SharePoint administrator, including managing the SharePoint migration project.
  • Lead annual Medicare data validation exams; distribute regulations, hold informational meetings, perform quality assurance checks of data.
  • Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
  • Conduct Sarbanes-Oxley on big data audits, analyze statistical trends and control audits for fee governance efforts.
  • 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

Compliance analyst vs auditor skills

Common compliance analyst skills
  • PowerPoint, 6%
  • Customer Service, 5%
  • Risk Assessments, 5%
  • Regulatory Compliance, 4%
  • Compliance Issues, 4%
  • Compliance Program, 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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