Income auditor vs internal auditor

The differences between income auditors and internal auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an internal auditor has an average salary of $63,013, which is higher than the $47,903 average annual salary of an income auditor.

The top three skills for an income auditor include general ledger, front desk and financial reports. The most important skills for an internal auditor are CPA, risk management, and SOX.

Income auditor vs internal auditor overview

	Income Auditor	Internal Auditor
Yearly salary	$47,903	$63,013
Hourly rate	$23.03	$30.29
Growth rate	6%	6%
Number of jobs	18,227	25,571
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 75%
Average age	44	44
Years of experience	-	-

Income auditor vs internal auditor salary

Income auditors and internal auditors have different pay scales, as shown below.

	Income Auditor	Internal Auditor
Average salary	$47,903	$63,013
Salary range	Between $30,000 And $76,000	Between $45,000 And $86,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Manufacturing

Differences between income auditor and internal auditor education

There are a few differences between an income auditor and an internal auditor in terms of educational background:

	Income Auditor	Internal Auditor
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 75%
Most common major	Accounting	Accounting
Most common college	University of Southern California	University of Pennsylvania

Income auditor vs internal auditor demographics

Here are the differences between income auditors' and internal auditors' demographics:

	Income Auditor	Internal Auditor
Average age	44	44
Gender ratio	Male, 44.0% Female, 56.0%	Male, 54.6% Female, 45.4%
Race ratio	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 12.2% White, 63.9% 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%

Differences between income auditor and internal auditor duties and responsibilities

Income auditor example responsibilities.

Contribute by seamlessly managing A/R process for a month due to employee illness.
Report and disclose any variance on the POS's.
Prepare the daily food & beverage journals from POS system reports.
Process payroll and issue exception reports to department managers.
Transmit payroll information in a timely and efficient manner.
Reduce transaction time and improve Sarbanes-Oxley compliance by developing and implementing new, improve processes for identifying and eliminating obsolete inventory.

Internal auditor example responsibilities.

Manage and coordinate annual external business evaluation in conjunction with CPA consultants.
Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Conduct complex performance audits, fraud investigations, special projects and routine follow-up reviews in accordance with IIA standards.
Perform tests of critical controls in compliance with Sarbanes-Oxley legislation and report results utilizing company compliance tool to validate SOX checklist.
Develop company FDA policy & procedures for liquid oxygen small bulk delivery vessels.
Perform planning, compliance testing, substantive analysis and testing in accordance with GAAS.

Income auditor vs internal auditor skills

Common income auditor skills

General Ledger, 12%
Front Desk, 10%
Financial Reports, 9%
Payroll, 7%
Cash Handling, 7%
Reconciliations, 6%

Common internal auditor skills

CPA, 8%
Risk Management, 5%
SOX, 5%
Audit Findings, 5%
Audit Procedures, 5%
Internal Audit Function, 5%