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Internal auditor vs controller

The differences between internal auditors and controllers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a controller has an average salary of $101,204, which is higher than the $63,013 average annual salary of an internal auditor.

The top three skills for an internal auditor include CPA, risk management and SOX. The most important skills for a controller are CPA, payroll processing, and reconciliations.

Internal auditor vs controller overview

Internal AuditorController
Yearly salary$63,013$101,204
Hourly rate$30.29$48.66
Growth rate6%17%
Number of jobs25,57175,440
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 75%
Average age4446
Years of experience-8

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 a controller do?

Controllers are employees in the accounting department who manage the finances of the organization. They are involved in the budget setting activity at the start of the company's fiscal year. Controllers are responsible for ensuring that all departments work within their respective budgets. They have the power to recommend budget cuts due to any unforeseen circumstances that may happen. They also have the ability to veto or forego budget items. Controllers should have accounting skills and auditing skills. They must also be trustworthy and should work with integrity.

Internal auditor vs controller salary

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

Internal AuditorController
Average salary$63,013$101,204
Salary rangeBetween $45,000 And $86,000Between $70,000 And $144,000
Highest paying CityWashington, DCPortland, ME
Highest paying stateNew YorkNew York
Best paying companyMetaPerkins Coie
Best paying industryManufacturingTechnology

Differences between internal auditor and controller education

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

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

Internal auditor vs controller demographics

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

Internal AuditorController
Average age4446
Gender ratioMale, 54.6% Female, 45.4%Male, 58.9% Female, 41.1%
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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.4% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage7%11%

Differences between internal auditor and controller 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

Controller example responsibilities.

  • Manage NAV production, calculation of performance fees, IFRS accounts and subscription/redemption analysis.
  • Lead transition of company from sole proprietor to NYSE list company subsidiary, including implementing new financial reporting system.
  • Manage a team of junior staff accountants and maintaining quality control throughout the entire monthly billing, A/P & A/R processes.
  • Manage treasury, open several new accounts, establish new procedures and controls, monitor daily activity.
  • Produce monthly account reconciliations, post monthly journal entries and review, analyze, correct and issue monthly comparative financial statements.
  • Perform accounting research and special projects as required including cash flow analysis, cost projections, reconciliations and other financial analysis.
  • Show more

Internal auditor vs controller skills

Common internal auditor skills
  • CPA, 8%
  • Risk Management, 5%
  • SOX, 5%
  • Audit Findings, 5%
  • Audit Procedures, 5%
  • Internal Audit Function, 5%
Common controller skills
  • CPA, 8%
  • Payroll Processing, 7%
  • Reconciliations, 6%
  • Cash Management, 5%
  • Internal Controls, 5%
  • GAAP, 5%

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