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The differences between finance auditors and internal 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 $63,013 average annual salary of an internal auditor.
The top three skills for a finance auditor include CPA, internal audit and audit findings. The most important skills for an internal auditor are CPA, risk management, and SOX.
| Finance Auditor | Internal Auditor | |
| Yearly salary | $70,361 | $63,013 |
| Hourly rate | $33.83 | $30.29 |
| Growth rate | 6% | 6% |
| Number of jobs | 92,192 | 25,571 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| 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.
An internal auditor is an individual who takes responsibility for crucial accounting functions in an organization. Internal auditors have trusted consultants who advise upper management on how to handle corporate goals and risks. They review the business operations and processes of organizations. They have to assess the efficacy of the company's risk management procedures. They are expected to have superb communication skills, IT knowledge, and math aptitude. Also, they help protect the organization from potential theft and fraud of its assets.
Finance auditors and internal auditors have different pay scales, as shown below.
| Finance Auditor | Internal Auditor | |
| Average salary | $70,361 | $63,013 |
| Salary range | Between $50,000 And $98,000 | Between $45,000 And $86,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | Meta | |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a finance auditor and an internal auditor in terms of educational background:
| Finance Auditor | Internal Auditor | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance auditors' and internal auditors' demographics:
| Finance Auditor | Internal Auditor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 55.4% Female, 44.6% | Male, 54.6% Female, 45.4% |
| 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, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.9% White, 63.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |