They may also earn additional compensation in the form of bonuses. Following up on audit results to ensure that corrective action has been takenĪudit specialist salaries vary depending on their level of education, years of experience, and the size and industry of the company.Conducting audits of suppliers and vendors to ensure that they have proper documentation of transactions such as sales invoices or shipping manifests.Reviewing complex financial transactions for possible fraud or other illegal activities.Conducting interviews with employees to determine whether business operations are being conducted according to established procedures.Reviewing financial records, including account books, ledgers, and bank statements.Participating in peer reviews with other internal auditors to evaluate the quality of work performed by other auditors within an organization.
They commonly perform audits on a regular basis to ensure that internal controls are working properly, or they may be called in when something unusual happens (such as an error in accounting) to investigate what happened and determine if it was intentional or not.Īudit specialists typically have a background in accounting or finance they may also have some training in auditing techniques.
Audit specialists are responsible for ensuring that companies and other organizations are following the rules.
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