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Internal Audit Director Salary

Internal Audit Directors in the United States can expect wages of $118K annually on average. Cash earnings for Internal Audit Directors — which occasionally include more than $34K from bonuses and more than $27K from profit sharing — stretch from around $78K to approximately $181K. Geographic location is the biggest factor affecting pay for this group, followed by experience level. The majority of Internal Audit Directors (63 percent) survey respondents are male. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Job satisfaction is high and work is enjoyable for most Internal Audit Directors.
$76,108 - $153,591
(Median)
76K
97K
120K
140K
150K
MEDIAN: $117,963
10%
25%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$76,108 - $153,591  
   
Bonus
$2,285 - $33,692  
Profit Sharing
$1,953 - $26,631  
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).
)
$78,235 - $180,783  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 546
United States (change)

Job Description for Internal Audit Director

The internal audit director works with internal company resources and employees to evaluate and optimize financial functions. This includes creating reports on risks across various departments, conducting internal audits, coordinating between departments, and establishing quality assurance standards; all of these tasks must be performed efficiently without impairing operations and documented in reports that may be used to address potential problems. They work directly with employees throughout the company and communicating findings to management, and they may coordinate with subordinates within their department. To optimally perform the duties of this position, the internal audit director must keep up with the latest trends and developments within their industry and profession. Internal audit directors typically work in an office environment during regular business hours, although overtime may be required depending on deadlines and the needs of the business.

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Internal Audit Director Tasks

  • Enforce compliance with company policies for risk assessment and financial controls.
  • Conduct reviews to identify financial and business risks, and implement appropriate controls.
  • Develop strategies and procedures for carrying out internal audits.
  • Oversee external audits, organizing paperwork and making sure audits are finished on schedule.

Common Career Paths for Internal Audit Director


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While somewhat out of the ordinary, it is still possible for Internal Audit Directors to assume a position such as a Internal Audit VP, which pays $147K per year on average.

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Popular Skills for Internal Audit Director


Internal Audit Directors only report a few specific skills. Those who have experience with Sarbanes-Oxley Compliance Audit, Risk Management / Risk Control, and Internal Audit can expect to be compensated well for these skills, typically earning between 3 percent to 14 percent more than the national average. Those familiar with Internal Audit also tend to know Sarbanes-Oxley (SOX) Compliance Audit.

Pay Difference by Location


With a pay rate for Internal Audit Directors that is 18 percent greater than the national average, Boston offers a comfortable salary for those in this profession. Internal Audit Directors can also look forward to large paychecks in cities like Chicago (+17 percent), Los Angeles (+17 percent), New York (+10 percent), and Houston (+9 percent). Atlanta is home to the smallest salaries in the field, lagging the national average by 3 percent.

Related Job Salaries

Experience Affects Internal Audit Director Salaries



National Average
$128,000


Skills That Affect Internal Audit Director Salaries



Internal Audit
up arrow 3%

National Average
$128,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 130 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
0%
1-4 years
1%
5-9 years
14%
10-19 years
49%
20 years or more
36%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 89%
vision benefits Vision: 75% employee benefits None: 4%