Audit Specialist Salary
|Salary||$39,467 - $89,765|
|Bonus||$0.00 - $6,183|
|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).)
|$30,136 - $78,341|
|Hourly Rate||$13.02 - $22.73|
|Bonus||$0.00 - $6,183|
|Total Pay (||$30,136 - $78,341|
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
- Perform individual audits and prepare reports of audit results.
- Identify risk management strategies.
- Conduct meetings with upper management and determine required resources.
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Popular Skills for Audit Specialist
Audit Specialists usually report a few specific skills. Fortunate workers who know Internal Audit command much higher paychecks, scoring salaries 49 percent above average. At the other end of the pay range are skills like Auditing. It is often found that people who know Microsoft Excel are also skilled in Microsoft Word.
Pay by Experience Level for Audit Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average inexperienced worker earns $40K, and someone who has worked for five to 10 years can expect a bigger median salary of $45K. Audit Specialists claiming one to two decades of experience make an estimated median of $43K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $81K.
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Key Stats for Audit Specialist
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