Auditor: What is the cost of hiring?

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Auditor: What is the cost of hiring?

• Common salary in US:
• Typical salaries range from -
• Find more information on Indeed Salaries

COMMON

LOW

HIGH

*Indeed data (US) –

As of April 2021, auditor jobs in the U.S. are moderately competitive compared to other job markets, with an average of 36 job seekers per auditor job.

What is the cost of hiring?

• Common salary in US: $63,682 yearly
• Typical salaries range from $14,000 – $158,000 yearly
• Find more information on Indeed Salaries

$63,682

COMMON

LOW

$14,000

HIGH

$158,000

*Indeed data (US) – April 2021

As of April 2021, auditor jobs in the U.S. are moderately competitive compared to other job markets, with an average of 36 job seekers per auditor job.

Why hire an auditor?

The need for new staff can affect both your existing team and bottom line.

An auditor can help your business:

• Ensure financial statements are accurate and comply with regulations
• Provide organization to your company’s financial records
• Offer insight into ways your company can reduce costs and increase profits

Deciding between a full-time vs freelance auditor

Large and small companies can hire auditors in a freelance capacity to ensure their records are kept updated. They can hire a freelancer to examine their current records to see if anything seems off or inexact. Freelancers could also advise executives to help save the business money and reduce the risk of fraudulent activity. 

Businesses can also look into full-time auditors to act as permanent advisors and consistently monitor the company’s bookkeeping. This can further reduce the risk of incorrect information being entered into the system. Auditing companies can use full-time auditors as their main staff. 

What are the ranks of auditors?

In businesses that specifically focus on auditing, there’s a well-defined hierarchy of roles. These positions include:

• Partner: A partner is the highest position in an auditing firm. The partner is in control of all of the major decisions related to the business. They can also be considered a founding partner if they’re involved in the establishment of the business. 
• Consulting manager: Consulting managers typically have over five years of experience in the auditing industry. They’re responsible for internal duties, such as operational budgeting.
• Audit manager: An audit manager acts as a bridge between the staff and higher management. They oversee the day-to-day operations of the company.
• Senior auditor: Senior auditors work underneath audit managers. They give assignments to staff auditors and review documents from recently completed work.
• Staff auditor: A staff auditor is an entry-level employee who works under the direction of the senior auditor. Responsibilities may include analyzing financial records and ensuring compliance with federal regulations. 

Where to find auditors

To find the right auditor for your business, consider trying out a few different recruiting methods:

• Search available resources online. There are documents online that list public auditing firms as well as their employees. Reach out to these firms and individuals to see if they know auditors available for hire. 
• Post help wanted signs. Help wanted signs posted around the community can encourage potential candidates to send in an application for the available position.
• Maintain relationships with nearby colleges and universities. Colleges can point your business in the direction of promising recent graduates who studied in the fields of accounting and finance. Set up interviews with these candidates. 
• Post your job online. Try posting your auditor job on Indeed to find and attract quality auditor candidates.

Skills to look for in a great Auditors

A great Auditor should have the following skills and attributes as well as work experience that reflects:

• Enhanced understanding of accounting and spreadsheet software
• Provide in-depth documentation of findings and standings
• CPA certification
• Creative thinking based on tangible figures
• Consultative leadership style
• Excellent organizational skills

Writing an auditor job description

A thoughtful description is important to finding quality auditor candidates. An auditor job description includes a compelling summary of the position, if the desired auditing will be done in-house or at an external company and the required and preferred skills for the position.

When writing your auditor job description, consider including some or all of the following keywords to improve the visibility of your job posting . These are the most popular search terms leading to clicks on auditor jobs, according to Indeed data:

• Auditor
• Accounting
• Accountant
• Audit
• Remote work from home
• Compliance
• Internal auditor
• Medical coder
• Data entry
• Premium auditor

Interviewing auditor candidates

Strong candidates for auditor positions will be confident answering questions regarding:

• Ability to find problems and create solutions for a company’s finances
• Comprehension of local and national finance compliance regulations
• Ability to present findings and solutions

Need help coming up with interview questions? See our list of auditor interview questions for examples (with sample answers).