What does a junior auditor 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.

While similarities exist, there are also some differences between junior auditors and audit specialist. For instance, junior auditor responsibilities require skills such as "financial statement preparation," "internal control procedures," "asset utilization," and "audit plan." Whereas a audit specialist is skilled in "patients," "customer service," "process improvement," and "corrective action." This is part of what separates the two careers.

An audit intern is responsible for assisting the finance department in processing financial reports, analyzing account statements, releasing invoices, and conducting tax audits. Audit interns shadow tenured staff on the operation procedures to familiarize themselves with work processes. They are also tasked to do administrative and clerical duties under the supervision of a direct supervisor, such as writing reports, ensuring the accuracy of financial statements, responding to clients' inquiries and concerns, and escalating high-level complaints to the supervisor for immediate resolution.

In addition to the difference in salary, there are some other key differences worth noting. For example, junior auditor responsibilities are more likely to require skills like "financial statement preparation," "internal audit," "asset utilization," and "audit plan." Meanwhile, an audit internship has duties that require skills in areas such as "gaap," "audit intern," "first hand," and "team-oriented environment." These differences highlight just how different the day-to-day in each role looks.

An auditor supervisor is a financial professional who manages a staff of audit professionals and controls consulting engagements that evaluate the management and operating practices of a corporate. This supervisor is required to supervise audit planning and fieldwork as well as communicates findings and recommendations to senior management. To ensure that audit staff follows the department's methodology, the supervisor must supervise the audit staff and review their automated audit work papers. The supervisor must also ensure that reviews are following the standards of the corporate audit department and the Institute of Internal Auditors (IIA).

The required skills of the two careers differ considerably. For example, junior auditors are more likely to have skills like "financial statement preparation," "internal control procedures," "asset utilization," and "audit tests." But a auditor supervisor is more likely to have skills like "excellent interpersonal," "internal controls," "night audit," and "front desk."

An internal audit intern is responsible for performing administrative and clerical duties as needed for the financial department under the supervision of tenured staff or a direct manager. Internal audit interns shadow staff on analyzing and preparing documents, familiarizing office operations, writing financial reports, verifying account statements, and escalating financial discrepancies to management for immediate resolution. An internal audit intern must be detail-oriented, as well as possess excellent analytical and organizational skills to handle tasks efficiently and spot audit inconsistencies.

Even though a few skill sets overlap between junior auditors and internal audit interns, there are some differences that are important to note. For one, a junior auditor might have more use for skills like "financial statement preparation," "asset utilization," "cpa," and "tax returns." Meanwhile, some responsibilities of internal audit interns require skills like "data analytics," "patients," "sarbanes-oxley," and "risk management. "