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Compliance specialist vs lead auditor

The differences between compliance specialists and lead auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a lead auditor has an average salary of $85,352, 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 a lead auditor are ISO, medicare, and management system.

Compliance specialist vs lead auditor overview

Compliance SpecialistLead Auditor
Yearly salary$57,330$85,352
Hourly rate$27.56$41.03
Growth rate6%6%
Number of jobs34,61020,504
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 58%
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 a lead auditor do?

Lead auditors are professionals who are responsible for providing leadership and coordinating work schedules to a team of audit experts within an organization. These lead auditors are required to prepare audit plans and conduct team meetings before conducting internal or external audits at the end of the quarter or year. They must conduct audits to provide reviews to the management about the effectiveness of the overall quality system. Lead auditors must also develop action plans to improve the financial reporting systems of the organization.

Compliance specialist vs lead auditor salary

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

Compliance SpecialistLead Auditor
Average salary$57,330$85,352
Salary rangeBetween $38,000 And $85,000Between $62,000 And $115,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateDelawareNew York
Best paying companyMetaMeta
Best paying industryPharmaceuticalProfessional

Differences between compliance specialist and lead auditor education

There are a few differences between a compliance specialist and a lead auditor in terms of educational background:

Compliance SpecialistLead Auditor
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeHarvard UniversityUniversity of Pennsylvania

Compliance specialist vs lead auditor demographics

Here are the differences between compliance specialists' and lead auditors' demographics:

Compliance SpecialistLead Auditor
Average age4644
Gender ratioMale, 38.4% Female, 61.6%Male, 57.9% Female, 42.1%
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, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%
LGBT Percentage12%7%

Differences between compliance specialist and lead auditor 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

Lead auditor example responsibilities.

  • Manage the SOX business process implementation, execution and improvement initiatives.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Enhance Sarbanes-Oxley (SOX) audit templates to provide standardization and structure that reflect current best practices while maximizing productivity.
  • Work the RMEI/RMAU reports regularly for various Medicare account types.
  • Develop exact specifications to determine why claims are not paid in accordance with specific DME Medicare guidelines.
  • Conduct surveillance and assessment of manufacturing firms, industries and companies to ensure that these systems comply with ISO standards.
  • Show more

Compliance specialist vs lead auditor skills

Common compliance specialist skills
  • Patients, 9%
  • Regulatory Compliance, 7%
  • Strong Analytical, 5%
  • FDA, 5%
  • Customer Service, 5%
  • PowerPoint, 4%
Common lead auditor skills
  • ISO, 16%
  • Medicare, 10%
  • Management System, 6%
  • Audit Reports, 5%
  • Corrective Action, 5%
  • Internal Controls, 4%

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