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Internal auditor vs associate auditor

The differences between internal auditors and associate 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 $56,973 average annual salary of an associate auditor.

The top three skills for an internal auditor include CPA, risk management and SOX. The most important skills for an associate auditor are internal controls, financial services, and internal audit.

Internal auditor vs associate auditor overview

Internal AuditorAssociate Auditor
Yearly salary$63,013$56,973
Hourly rate$30.29$27.39
Growth rate6%6%
Number of jobs25,57120,192
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 72%
Average age4444
Years of experience--

What does an internal auditor do?

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.

What does an associate auditor do?

An Associate Auditor assists in the review and evaluation of operational and management control systems. They also assist clients with routine accounting functions.

Internal auditor vs associate auditor salary

Internal auditors and associate auditors have different pay scales, as shown below.

Internal AuditorAssociate Auditor
Average salary$63,013$56,973
Salary rangeBetween $45,000 And $86,000Between $44,000 And $72,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateNew YorkNew York
Best paying companyMetaSantander Private Banking International
Best paying industryManufacturingFinance

Differences between internal auditor and associate auditor education

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

Internal AuditorAssociate Auditor
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 72%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Internal auditor vs associate auditor demographics

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

Internal AuditorAssociate Auditor
Average age4444
Gender ratioMale, 54.6% Female, 45.4%Male, 51.0% Female, 49.0%
Race ratioBlack 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%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%
LGBT Percentage7%7%

Differences between internal auditor and associate auditor duties and responsibilities

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.
    • Show more

Associate auditor example responsibilities.

  • Manage accounts payable/receivable/inventory, payroll, selling and administrative expense, owner s equity and cash accounts.
  • Manage accounting operations, accounting close, account reporting and reconciliations for internal corporate and bank transactions.
  • Review simple visit coding of HCPCS, ICD, and CPT codes to ensure coding compliance.
  • Provide education to linear departments base on payer bulletins and CMS guidelines via updates receive from Novitas.
  • Prepare the charge master to reflect all charges for all departments by applying the appropriate HCPCS and CPT codes.
  • Travel to various locations outside of normal business commute for audits, site visits, quarterly reviews, and SOX testing.
    • Show more

Internal auditor vs associate auditor skills

Common internal auditor skills
  • CPA, 8%
  • Risk Management, 5%
  • SOX, 5%
  • Audit Findings, 5%
  • Audit Procedures, 5%
  • Internal Audit Function, 5%
Common associate auditor skills
  • Internal Controls, 15%
  • Financial Services, 5%
  • Internal Audit, 5%
  • Audit Procedures, 5%
  • Audit Engagements, 5%
  • Risk Assessments, 4%

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Updated January 8, 2025

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