Internal auditor vs revenue auditor

The differences between internal auditors and revenue 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 $41,905 average annual salary of a revenue auditor.

The top three skills for an internal auditor include CPA, risk management and SOX. The most important skills for a revenue auditor are revenue audit, CPT, and audit procedures.

Internal auditor vs revenue auditor overview

	Internal Auditor	Revenue Auditor
Yearly salary	$63,013	$41,905
Hourly rate	$30.29	$20.15
Growth rate	6%	6%
Number of jobs	25,571	21,643
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 53%
Average age	44	44
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 a revenue auditor do?

A revenue auditor reads through the organization's finances and records revenue derived from the sale of goods and services. They then create reports indicating all their calculations and recommendations to ensure the organization runs effectively and makes a profit. Their duties and responsibilities include preparing a detailed report on the organization's finances and offering recommendations. Auditors also report cases of fraud or misuse of funds.

Internal auditor vs revenue auditor salary

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

	Internal Auditor	Revenue Auditor
Average salary	$63,013	$41,905
Salary range	Between $45,000 And $86,000	Between $26,000 And $66,000
Highest paying City	Washington, DC	Olympia, WA
Highest paying state	New York	Washington
Best paying company	Meta	Huntington Hospital
Best paying industry	Manufacturing	Retail

Differences between internal auditor and revenue auditor education

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

	Internal Auditor	Revenue Auditor
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 53%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Internal auditor vs revenue auditor demographics

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

	Internal Auditor	Revenue Auditor
Average age	44	44
Gender ratio	Male, 54.6% Female, 45.4%	Male, 39.4% Female, 60.6%
Race ratio	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%	Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.2% White, 64.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between internal auditor and revenue 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.

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Revenue auditor example responsibilities.

Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
Respond both written and oral to taxpayer's appeals regardingadjustments and assessments to their income tax returns and/or estimate tax accounts.
Work with revenue integrity, case management, and coding to ensure proper billing and appeals.
Perform audits on hospitals participating in Medicaid program to ensure the hospitals are reimburse properly for services render to Medicaid beneficiaries.
Develop user documentation, including SAAS reference manuals and training material.

Internal auditor vs revenue auditor skills

Common internal auditor skills

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

Common revenue auditor skills

Revenue Audit, 19%
CPT, 7%
Audit Procedures, 5%
Data Entry, 5%
Appeals, 4%
Financial Statements, 4%

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Updated January 8, 2025

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