Information Technology (IT) Auditor Salary
Information Technology Auditors in the United States take home approximately $63K annually on average. In the world of Information Technology Auditors, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $7K from profit sharing, causing incomes to vary widely between $49K and $97K. The most important factor affecting compensation for this group is career length, followed by geography and the particular employer. Most workers in this position report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. The data in this summary comes from the PayScale salary survey.
Job Description for Information Technology (IT) Auditor
An information technology (IT) auditor performs in-depth analysis to monitor the performance of specific technological functions designated by management.Read More...
To perform the audit, they must apply sound methodology to gather evidential data. After gathering data that is pertinent to the function or area, the auditor then analyzes the data to form an objective opinion pertaining to the effectiveness, efficiency, and adequacy of the internal controls of the activity being reviewed. Upon forming their data-based opinion, the information technology auditor then creates a report to present to management and conclude the auditing project. The reports are often both verbal and written, and they must be concise, complete, and containing the information that is necessary to support the auditor's conclusion. The auditor then works with management to ensure that the functions - and any recommendations - comply with company procedure.
Due to the technical and financial nature of the position, most information technology auditors hold a bachelor's degree in information systems management, computer science, accounting, finance, or a related field. They encounter a wide variety of problems and are often required to work independently and under minimal review. Strong oral and written communication skills are important, as is the ability to use standard office software. Many of these positions require substantial travel, as the auditor must often travel to specific sites to gather the appropriate data.
Information Technology (IT) Auditor Tasks
- Plan, execute, and lead audits across the organization to evaluate risks and risk management.
- Document findings and recommendations, as well as current processes and procedures.
- Work with departments to increase compliance, manage risk, and improve overall effectiveness.
Common Career Paths for Information Technology (IT) Auditor
It's not very common for Information Technology Auditors to move on to become Information Systems Audit Managers. Average pay for an Information Systems Audit Manager is $104K annually. When Information Technology Auditors are ready for the next step in their careers, they often become Senior Information Technology Auditors or Information Security Analysts. Those roles pay an additional $20K and $5K, respectively.
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Popular Employer Salaries for Information Technology (IT) Auditor
Although Deloitte & Touche LLP boasts the highest average salary in town at $76K, employee compensation still varies greatly — workers can make as little as $50K or as much as $97K.
Popular Skills for Information Technology (IT) Auditor
Information Technology Auditors seem to wield many skills on the job. Most notably, skills in UNIX, Security Maintenance, Windows NT / 2000 / XP Networking, and Internal Audit are correlated to pay that is above average, with boosts between 13 percent and 17 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Office, Security Policies and Procedures, and Windows Operating System General Use. Those proficient in Sarbanes-Oxley are, more often than not, also skilled in Security Testing and Auditing. Most people who know IT Risk also know IT Security & Infrastructure and Security Testing and Auditing.
Pay by Experience Level for Information Technology (IT) Auditor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The average beginner in this position makes around $61K, but folks who have been around for five to 10 years see a markedly higher median salary of $77K. For Information Technology Auditors, 10 to 20 years of experience on the job amounts to an average salary of $91K. Old hands who claim more than two decades on the job enjoy average earnings of $112K.
Pay Difference by Location
New York offers some of the highest pay in the country for Information Technology Auditors, 44 percent above the national average. Information Technology Auditors can also look forward to large paychecks in cities like Seattle (+38 percent), Richmond (+32 percent), Washington (+15 percent), and Dallas (+15 percent). Trailing the national average by 15 percent, Philadelphia is the market with the smallest paychecks. Employers in Milwaukee and Chicago also lean toward paying below-median salaries (14 percent lower and 4 percent lower, respectively).
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Key Stats for Information Technology (IT) Auditor
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