Audit Specialist Salary
|Salary||$38,770 - $77,695|
|Bonus||$0.00 - $5,106|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$29,965 - $64,698|
|Hourly Rate||$12.98 - $22.79|
|Bonus||$0.00 - $5,106|
|Total Pay (||$29,965 - $64,698|
Job Description for Audit Specialist
An audit specialist provides internal audit services to a company to ensure that various departments are adhering to company guidelines and legal requirements. The audit specialist must have proficient computer skills, as creating reports is often required. The audit specialist must carry out audits in an objective manner and must be familiar with company operations and products. Often, a software program is used in this process and to detect anomalies.Read More...
The audit specialist analyzes operations and documents to ensure that they are running effectively and appropriately. The audit specialist oversees various audits, including those involving financial performance and company operations. The position often requires leading an audit team to carry out various audits. When these audits are assigned, the audit specialist oversees them to ensure that they are carried out correctly within the specified time frame. The audit specialist should also make sure that each team member is carrying out the audits according to pre-determined guidelines.
The audit specialist must stay up to date with changes in laws to ensure that departments within the company are educated and adhere to the changes. The audit specialist should also carry out continuous research to learn about changes and trends within the field, reporting them to management to determine if changes in operations need to be carried out accordingly.
The position generally requires a bachelor’s degree in business, accounting, or a related field. Many positions require experience in auditing positions.
Audit Specialist Tasks
- Assist with month end closing, including reports and explanations of variances.
- Prepare and review financial statements and accounting entries.
- Perform basic accounting, such as recording revenues and reconcile and audit daily cash.
Popular Skills for Audit Specialist
Overall, survey participants reported applying a fair number of skills to their work. Fortunate workers who know Internal Audit can expect a significant pay bump, scoring salaries 49 percent above average. Skills that seem to negatively impact pay include Auditing and Data Analysis. For most people, competency in Microsoft Excel indicates knowledge of Microsoft Word.
Pay by Experience Level for Audit Specialist
Pay by Experience for an Audit Specialist has a positive trend. An entry-level Audit Specialist with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 61 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Audit Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $45,000 based on 31 salaries. An experienced Audit Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $43,000 based on 21 salaries. An Audit Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $62,000 based on 7 salaries.
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Key Stats for Audit Specialist
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