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Internal Audit Director Salary

Six-figure salaries are the norm for Internal Audit Directors in the United States, with median pay hovering around $118K per year. Total cash earnings of Internal Audit Directors range from $79K on the low end to $182K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $33K and $29K, respectively. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Male Internal Audit Directors are more prevalent than women among those who took the survey — 64 percent of professionals. Work is enjoyable for Internal Audit Directors, who typically claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.

$76,898 - $154,880
(Median)
$77K
$120K
$150K
MEDIAN: $117,639
10%
50%
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
$76,898 - $154,880  
   
Bonus
$2,285 - $33,337  
Profit Sharing
$1,957 - $28,973  
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).
)
$79,424 - $181,731  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 559
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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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It doesn't happen often, but some Internal Audit Directors do move on to become Internal Audit VPs. The average pay for that role is slightly higher at $149K per year.

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Popular Skills for Internal Audit Director


Survey results show that Internal Audit Directors typically report just a few professional skills. Most notably, facility with Sarbanes-Oxley Compliance Audit, Risk Management / Risk Control, and Internal Audit are correlated to pay that is above average, leading to increases ranging from 4 percent to 15 percent. Most people experienced in Internal Audit also know Sarbanes-Oxley (SOX) Compliance Audit.

Pay Difference by Location


For Internal Audit Directors, busy San Francisco offers a higher-than-average pay rate, 34 percent above the national average. Internal Audit Directors will also find cushy salaries in Boston (+23 percent), Chicago (+18 percent), Los Angeles (+16 percent), and Portland (+11 percent). Cleveland ranks last in the field for pay, reporting salaries 15 percent below the national average. A couple other locations with smaller-than-average paychecks include Omaha (14 percent lower) and Austin (3 percent lower).

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Experience Affects Internal Audit Director Salaries



National Average
$127,000


Skills That Affect Internal Audit Director Salaries



Internal Audit
up arrow 4%

National Average
$127,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 103 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
0%
1-4 years
1%
5-9 years
13%
10-19 years
49%
20 years or more
37%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 75% employee benefits None: 4%
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