Internal audit internship vs inventory auditor

The differences between internal audit interns and inventory auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an inventory auditor has an average salary of $33,666, which is higher than the $30,264 average annual salary of an internal audit internship.

The top three skills for an internal audit internship include internal audit, data analytics and SOX. The most important skills for an inventory auditor are customer service, basic math, and sales floor.

Internal audit internship vs inventory auditor overview

	Internal Audit Internship	Inventory Auditor
Yearly salary	$30,264	$33,666
Hourly rate	$14.55	$16.19
Growth rate	6%	6%
Number of jobs	62,780	37,887
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 38%
Average age	44	44
Years of experience	-	-

What does an internal audit internship do?

An internal audit intern is responsible for performing administrative and clerical duties as needed for the financial department under the supervision of tenured staff or a direct manager. Internal audit interns shadow staff on analyzing and preparing documents, familiarizing office operations, writing financial reports, verifying account statements, and escalating financial discrepancies to management for immediate resolution. An internal audit intern must be detail-oriented, as well as possess excellent analytical and organizational skills to handle tasks efficiently and spot audit inconsistencies.

What does an inventory auditor do?

Inventory auditors are responsible for creating and monitoring inventory reports as well as recording various products and stocks. Often, Inventory Auditor works full-time hours inside a warehouse and delivery company, business establishment, Malls, and other management company. The job also includes traveling to different locations and work with multiple industries. Counts the item stock's quantity and compares the inventory record to physical inventory to ensure that the number matches with the supply amount and there is no missing product.

Internal audit internship vs inventory auditor salary

Internal audit interns and inventory auditors have different pay scales, as shown below.

	Internal Audit Internship	Inventory Auditor
Average salary	$30,264	$33,666
Salary range	Between $12,000 And $71,000	Between $26,000 And $42,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	Alaska
Best paying company	MDU Resources	BD
Best paying industry	Energy	Technology

Differences between internal audit internship and inventory auditor education

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

	Internal Audit Internship	Inventory Auditor
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 38%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Internal audit internship vs inventory auditor demographics

Here are the differences between internal audit interns' and inventory auditors' demographics:

	Internal Audit Internship	Inventory Auditor
Average age	44	44
Gender ratio	Male, 50.7% Female, 49.3%	Male, 53.3% Female, 46.7%
Race ratio	Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.5% White, 59.6% American Indian and Alaska Native, 0.5%	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 Percentage	7%	7%

Differences between internal audit internship and inventory auditor duties and responsibilities

Internal audit internship example responsibilities.

Test Sarbanes-Oxley controls for institutional billing, wholesaler incentive compensation, retail manage account revenue, and journal entry processing.
Review management's SOX testing, identify exceptions and communicate to management.
Perform basic bookkeeping, keeping accurate track of numerous transactions per GAAP standards.
Perform substantive testing of revenue, purchases, and payments in order to evaluate accuracy and compliance with GAAP.
Gather audit evidence/supporting documentation for the SOX compliance audit.
Document internal controls, conduct financial statement analysis, and perform daily tasks on Sarbanes-Oxley testing.

Inventory auditor example responsibilities.

Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
Process price adjustments, correct inventory in the AS400 system.
Perform research in WMS, and report problem and perform final confirmation of correction.
Perform daily warehouse audits using AS400 verifying product quantity, location, and shipping information.
Travel to different stores and take account of store's inventory using a microcomputer and a RF scanner.
Inventory merchandise with the use of the RF system, audit trailers, investigate and communicate discrepancies and cycle count merchandise.

Internal audit internship vs inventory auditor skills

Common internal audit internship skills

Internal Audit, 22%
Data Analytics, 8%
SOX, 5%
Patients, 5%
Sarbanes-Oxley, 4%
Risk Management, 4%

Common inventory auditor skills

Customer Service, 22%
Basic Math, 20%
Sales Floor, 7%
Inventory Audits, 7%
Computer Data, 6%
Organizational Effectiveness, 6%

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Internal Audit Internship
Internal Audit Internship vs Inventory Auditor

Updated January 8, 2025

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