Post job

Compliance specialist vs audit specialist

The differences between compliance specialists and audit specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an audit specialist has an average salary of $58,291, which is higher than the $57,330 average annual salary of a compliance specialist.

The top three skills for a compliance specialist include patients, regulatory compliance and strong analytical. The most important skills for an audit specialist are audit reports, patients, and customer service.

Compliance specialist vs audit specialist overview

Compliance SpecialistAudit Specialist
Yearly salary$57,330$58,291
Hourly rate$27.56$28.02
Growth rate6%6%
Number of jobs34,61040,071
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 55%
Average age4644
Years of experience--

What does a compliance specialist do?

The role of compliance specialists is to ensure that companies comply with relevant industry standards and regulations. Their duties may vary depending on the industry they work in, such as healthcare or banking. Tasks include reviewing their company's business practices to ensure they follow specific regulations, resolving compliance issues that may arise, and being up-to-date with regulatory changes. As a compliance specialist, you should have industry expertise, in-depth knowledge of regulations, and auditing skills.

What does an audit specialist do?

An audit specialist is responsible for evaluating the reports by a professional auditor that will assist in improving the growth of the organization to achieve its goals and objectives. Audit specialists aid in the development of the company by using a systematic approach to reach the goals set by the company. Primary responsibilities include operating complex and difficult audit projects and conducting audits of control, financial, and other operating records. Also, they develop, implement distinct audit strategies, programs, and procedures for intricate assignments.

Compliance specialist vs audit specialist salary

Compliance specialists and audit specialists have different pay scales, as shown below.

Compliance SpecialistAudit Specialist
Average salary$57,330$58,291
Salary rangeBetween $38,000 And $85,000Between $34,000 And $99,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateDelawareCalifornia
Best paying companyMetaSAP
Best paying industryPharmaceuticalProfessional

Differences between compliance specialist and audit specialist education

There are a few differences between a compliance specialist and an audit specialist in terms of educational background:

Compliance SpecialistAudit Specialist
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeHarvard UniversityUniversity of Pennsylvania

Compliance specialist vs audit specialist demographics

Here are the differences between compliance specialists' and audit specialists' demographics:

Compliance SpecialistAudit Specialist
Average age4644
Gender ratioMale, 38.4% Female, 61.6%Male, 33.7% Female, 66.3%
Race ratioBlack or African American, 10.9% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 59.8% American Indian and Alaska Native, 0.8%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage12%7%

Differences between compliance specialist and audit specialist duties and responsibilities

Compliance specialist example responsibilities.

  • Lead bi-weekly Medicaid meetings to maintain effective communication with all staff regarding AHCA updates and notifications.
  • Manage and submit regulatory permit and notification applications to USDA to import, move and release regulate plant materials.
  • Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
  • Access the IDX system to obtain patient billing information in order to review Medicare and Medicaid payments.
  • Develop training materials to be used company-wide for regulatory mandate continuing education; create written policy manual for ethics and compliance.
  • Perform SOX control testing and validation.
  • Show more

Audit specialist example responsibilities.

  • Manage vendor billing disputes for southwestern region from initiation to documentation of resolution while ensuring compliance with SOX guidelines.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Review and verify the submitted documentation for completeness to verify the company is in compliance with Sarbanes-Oxley (SOX).
  • Coordinate delivery of mortgage back securities with internal and external stakeholders.
  • Monitor and maintain automated report generation and distribution via Cognos NoticeCast.
  • Prepare monthly incentive payment and quarterly incentive bonus data for payroll department.
  • Show more

Compliance specialist vs audit specialist skills

Common compliance specialist skills
  • Patients, 9%
  • Regulatory Compliance, 7%
  • Strong Analytical, 5%
  • FDA, 5%
  • Customer Service, 5%
  • PowerPoint, 4%
Common audit specialist skills
  • Audit Reports, 11%
  • Patients, 8%
  • Customer Service, 7%
  • Internal Audit, 6%
  • Audit Findings, 5%
  • Process Improvement, 4%

Browse business and financial jobs