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Inventory auditor vs audit specialist

The differences between inventory auditors and audit specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an audit specialist has an average salary of $58,291, 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 audit specialist are audit reports, patients, and customer service.

Inventory auditor vs audit specialist overview

Inventory AuditorAudit Specialist
Yearly salary$33,666$58,291
Hourly rate$16.19$28.02
Growth rate6%6%
Number of jobs37,88740,071
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 55%
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 audit specialist do?

An audit specialist is responsible for evaluating the reports by a professional auditor that will assist in improving the growth of the organization to achieve its goals and objectives. Audit specialists aid in the development of the company by using a systematic approach to reach the goals set by the company. Primary responsibilities include operating complex and difficult audit projects and conducting audits of control, financial, and other operating records. Also, they develop, implement distinct audit strategies, programs, and procedures for intricate assignments.

Inventory auditor vs audit specialist salary

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

Inventory AuditorAudit Specialist
Average salary$33,666$58,291
Salary rangeBetween $26,000 And $42,000Between $34,000 And $99,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateAlaskaCalifornia
Best paying companyBDSAP
Best paying industryTechnologyProfessional

Differences between inventory auditor and audit specialist education

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

Inventory AuditorAudit Specialist
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Inventory auditor vs audit specialist demographics

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

Inventory AuditorAudit Specialist
Average age4444
Gender ratioMale, 53.3% Female, 46.7%Male, 33.7% Female, 66.3%
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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between inventory auditor and audit specialist 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

Audit specialist example responsibilities.

  • Manage vendor billing disputes for southwestern region from initiation to documentation of resolution while ensuring compliance with SOX guidelines.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Review and verify the submitted documentation for completeness to verify the company is in compliance with Sarbanes-Oxley (SOX).
  • Coordinate delivery of mortgage back securities with internal and external stakeholders.
  • Monitor and maintain automated report generation and distribution via Cognos NoticeCast.
  • Prepare monthly incentive payment and quarterly incentive bonus data for payroll department.
  • Show more

Inventory auditor vs audit specialist skills

Common inventory auditor skills
  • Customer Service, 22%
  • Basic Math, 20%
  • Sales Floor, 7%
  • Inventory Audits, 7%
  • Computer Data, 6%
  • Organizational Effectiveness, 6%
Common audit specialist skills
  • Audit Reports, 11%
  • Patients, 8%
  • Customer Service, 7%
  • Internal Audit, 6%
  • Audit Findings, 5%
  • Process Improvement, 4%

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