1. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
Compliance auditors are responsible for ensuring that companies adhere and conform to the state and federal regulations related to their line of work. In line with this duty, they develop compliance auditing plans based on thorough research on government agencies and professional organizations' studies. They also analyze potential risks within the company to avoid possible compliance issues. Compliance auditors earn a median sum of $62,000 annually or $29 per hour.
Compliance auditors may work in various industries, including accounting, insurance, and many more. They perform their duties to protect the company's assets and primarily enforce compliance with internal regulations. They may act as consultants. Due to the job's delicate nature, they need to understand operations and practices within the industry for which they are auditing and using relevant software when performing such duties as data analysis or quality assurance. Compliance auditors typically possess a bachelor's degree in a relevant field and an industry-specific certification.
Employers mostly prefer candidates with some years of auditing experience and in-depth knowledge of the industry's rules, guidelines, and regulations. They are also expected to have a keen eye for detail and solid analytical skills to boot.
