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The differences between finance auditors and compliance auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance auditor has an average salary of $70,361, which is higher than the $64,606 average annual salary of a compliance auditor.
The top three skills for a finance auditor include CPA, internal audit and audit findings. The most important skills for a compliance auditor are audit findings, compliance audits, and audit reports.
| Finance Auditor | Compliance Auditor | |
| Yearly salary | $70,361 | $64,606 |
| Hourly rate | $33.83 | $31.06 |
| Growth rate | 6% | 6% |
| Number of jobs | 92,192 | 33,704 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 63% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A finance auditor is primarily in charge of planning and conducting audits on a company's overall financial activities, ensuring accuracy and transparency. Their responsibilities typically revolve around coordinating with different departments to gather data, performing research and analysis to identify and assess risks, identifying errors or inconsistencies on financial reports, and devising strategies to optimize auditing procedures. Furthermore, as a finance auditor, it is essential to supervise and encourage the accounting and auditing staff to reach goals, all while implementing the company's policies and regulations.
A compliance auditor is responsible for reviewing the company's policies and procedures, ensuring the organization's adherence to state and federal regulations. Compliance auditors inspect the operations of each department, adjusting internal guidelines as needed. They also inspect the condition of all facilities, including tools and equipment, network systems, and business operations. A compliance auditor mitigates risks by analyzing the operational processes and conducting a risk assessment study to prevent compliance issues that may pose a negative effect on the company's performance and stability.
Finance auditors and compliance auditors have different pay scales, as shown below.
| Finance Auditor | Compliance Auditor | |
| Average salary | $70,361 | $64,606 |
| Salary range | Between $50,000 And $98,000 | Between $45,000 And $92,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New Jersey |
| Best paying company | PayPal | |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a finance auditor and a compliance auditor in terms of educational background:
| Finance Auditor | Compliance Auditor | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 63% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance auditors' and compliance auditors' demographics:
| Finance Auditor | Compliance Auditor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 55.4% Female, 44.6% | Male, 38.9% Female, 61.1% |
| Race ratio | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.2% White, 63.2% American Indian and Alaska Native, 0.5% | Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.2% White, 64.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |