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Corporate auditor hiring summary. Here are some key points about hiring corporate auditors in the United States:
Here's a step-by-step corporate auditor hiring guide:
Corporate auditors access corporate accounting systems to examine their accounting books and financial statements. These auditors ensure that all transactions made by these corporations comply with all laws and regulations. When employed by a company, these auditors periodically check for mismanagement and fraud indicators in their books to suggest what actions they can do to increase their income. There are skills that auditors need to have to perform their job properly, like having analytical skills, business acumen, and general IT knowledge aside from having good communication skills.
First, determine the employments status of the corporate auditor you need to hire. Certain corporate auditor roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect corporate auditor also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents corporate auditor salaries for various positions.
| Type of Corporate Auditor | Description | Hourly rate |
|---|---|---|
| Corporate Auditor | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show more | $22-42 |
| Auditor Supervisor | An auditor supervisor is a financial professional who manages a staff of audit professionals and controls consulting engagements that evaluate the management and operating practices of a corporate. This supervisor is required to supervise audit planning and fieldwork as well as communicates findings and recommendations to senior management... Show more | $28-55 |
| Auditor/Quality | A quality auditor is responsible for inspecting the company's services and products, ensuring its adherence to business requirements and internal regulations. Quality auditors analyze the efficiency of operational functions and production processes to maintain high-quality deliverables with the utmost consideration for the safety and security of the production staff... Show more | $11-24 |
Including a salary range in your corporate auditor job description helps attract top candidates to the position. A corporate auditor salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a corporate auditor in South Dakota may be lower than in California, and an entry-level corporate auditor usually earns less than a senior-level corporate auditor. Additionally, a corporate auditor with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $73,334 | $35 |
| 2 | Virginia | $73,086 | $35 |
| 3 | New Jersey | $72,830 | $35 |
| 4 | Texas | $66,776 | $32 |
| 5 | Maryland | $66,737 | $32 |
| 6 | Georgia | $64,839 | $31 |
| 7 | Illinois | $63,339 | $30 |
| 8 | Nebraska | $63,161 | $30 |
| 9 | Colorado | $62,388 | $30 |
| 10 | Washington | $61,762 | $30 |
| 11 | Ohio | $61,320 | $29 |
| 12 | Pennsylvania | $59,562 | $29 |
| 13 | Minnesota | $59,112 | $28 |
| 14 | Indiana | $59,011 | $28 |
| 15 | Tennessee | $57,041 | $27 |
| 16 | Michigan | $56,646 | $27 |
| 17 | Alabama | $55,696 | $27 |
| 18 | Florida | $50,171 | $24 |
| 19 | Hawaii | $43,935 | $21 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | State Street | $85,038 | $40.88 | 2 |
| 2 | Asbury Automotive Group | $79,410 | $38.18 | 1 |
| 3 | Baker Hughes | $76,102 | $36.59 | 1 |
| 4 | A. Schulman | $74,979 | $36.05 | |
| 5 | BNSF Railway | $72,418 | $34.82 | |
| 6 | 3M Company | $70,811 | $34.04 | 2 |
| 7 | Ryan Specialty Group | $69,244 | $33.29 | |
| 8 | Medifast | $69,233 | $33.29 | |
| 9 | Huntington Ingalls Industries | $68,830 | $33.09 | 4 |
| 10 | SpeedDate | $68,830 | $33.09 | |
| 11 | Aderans America Holdings, Inc. | $68,823 | $33.09 | |
| 12 | Grifols | $68,566 | $32.96 | |
| 13 | Sherwin-Williams | $67,307 | $32.36 | 4 |
| 14 | Bridgestone | $67,237 | $32.33 | 1 |
| 15 | Blue Cross Blue Shield of Michigan | $67,194 | $32.30 | 5 |
| 16 | Community Health Systems | $66,301 | $31.88 | 5 |
| 17 | NaphCare | $65,694 | $31.58 | |
| 18 | Campbell Soup | $65,239 | $31.36 | |
| 19 | Campbells | $65,140 | $31.32 | |
| 20 | Randstad North America, Inc. | $64,993 | $31.25 | 3 |
A corporate auditor job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a corporate auditor job description:
There are various strategies that you can use to find the right corporate auditor for your business:
To successfully recruit corporate auditors, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best corporate auditor candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Recruiting corporate auditors involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $64,501 per year for a corporate auditor, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for corporate auditors in the US typically range between $22 and $42 an hour.