Compliance Auditor Salary
The average pay for a Compliance Auditor is $53,201 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. The highest paying skills associated with this job are Risk Management / Risk Control and Accounting.
Job Description for Compliance Auditor
The compliance auditor is responsible for helping protect an organization's assets by conducting internal audits and inspections to ensure that the organization's equipment and operations are in compliance with laws, corporate guidelines, best practices, and contractual agreements. The auditor may work alone or as part of a team to examine records and inspect practices, document the state of affairs, note potential problems, and make recommendations to management regarding methods to improve compliance. The auditor then conducts follow-up inspections to ensure that suggested changes (that have been approved by management) are implemented and executed properly.Read More...
A compliance auditor must possess high ethical standards, with the ability to exercise objectivity and confidentiality in the auditing process. They should also possesses strong analytical skills and attention to detail, a thorough understanding of the laws and regulations that govern the organization, and a willingness to constantly update that knowledge as new guidelines and laws come into effect. Strong written and verbal communications skills are important to ensure that management fully understands the audit results and can work with the auditor to craft solutions to problems that arise. Generally, the compliance auditor works in an office environment during regular business hours.
At minimum, employers generally require applicants to possess a bachelor's degree in accounting, finance, business management, or a related field of study; a master's degree in these programs is generally preferred. The applicant may also need or prefer certification(s) from the Institute of Internal Auditors (IIA).
Compliance Auditor Tasks
- Verify that the business operates within local, state and federal laws, procedures, and regulations.
- Make recommendations to management of noncompliant businesses and schedule future audits to monitor progress and adherence.
- Review records to verify that all duties have been completed in accordance with regulations.
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based on 42 votes.