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Inventory auditor vs associate auditor

The differences between inventory auditors and associate auditors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an associate auditor has an average salary of $56,973, which is higher than the $33,666 average annual salary of an inventory auditor.

The top three skills for an inventory auditor include customer service, basic math and sales floor. The most important skills for an associate auditor are internal controls, financial services, and internal audit.

Inventory auditor vs associate auditor overview

Inventory AuditorAssociate Auditor
Yearly salary$33,666$56,973
Hourly rate$16.19$27.39
Growth rate6%6%
Number of jobs37,88720,192
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 72%
Average age4444
Years of experience--

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.

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.

Inventory auditor vs associate auditor salary

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

Inventory AuditorAssociate Auditor
Average salary$33,666$56,973
Salary rangeBetween $26,000 And $42,000Between $44,000 And $72,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateAlaskaNew York
Best paying companyBDSantander Private Banking International
Best paying industryTechnologyFinance

Differences between inventory auditor and associate auditor education

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

Inventory AuditorAssociate Auditor
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 72%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Inventory auditor vs associate auditor demographics

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

Inventory AuditorAssociate Auditor
Average age4444
Gender ratioMale, 53.3% Female, 46.7%Male, 51.0% Female, 49.0%
Race ratioBlack 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%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 inventory auditor and associate auditor duties and responsibilities

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.
  • 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

Inventory auditor vs associate auditor skills

Common inventory auditor skills
  • Customer Service, 22%
  • Basic Math, 20%
  • Sales Floor, 7%
  • Inventory Audits, 7%
  • Computer Data, 6%
  • Organizational Effectiveness, 6%
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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