Wages for Internal Audit Directors in the United States are generous, with average pay above six figures ($124K) per year. Final cash compensation to Internal Audit Directors varies from around $86K to approximately $190K; choice pay grades include potential for bonuses and profit sharing as high as $36K and $30K, respectively. Location and career duration each impact pay for this group, with the former having the largest influence. Most Internal Audit Directors like their work and job satisfaction is high. Men make up the majority of Internal Audit Directors (60 percent) survey respondents. Medical benefits are awarded to almost all, and a large number earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.

$84,196 - $165,497
$84K
$120K
$170K
MEDIAN: $124,367
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Salary
$84,196 - $165,497  
   
Bonus
$5,188 - $35,842  
Profit Sharing
$1,987 - $30,201  
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).
)
$86,026 - $189,750  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 470

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United States (change)

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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

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

Common Career Paths for Internal Audit Director


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At the upper end, Internal Audit Directors who move into a Chief Audit Executive role can end up with a hefty increase in pay. The average income for Chief Audit Executives is a much higher $182K per year. As Internal Audit Directors progress in their field, many go on to become Internal Audit VPs. In fact, this transition is more common than anything else, and pay for the position is usually $144K per year. Another common career choice for Internal Audit Directors is to move into a Chief Financial Officer role. Typically, Chief Financial Officers get paid $123K.

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Popular Skills for Internal Audit Director


Internal Audit Directors report using a diverse set of skills on the job. Most notably, skills in Sarbanes-Oxley Compliance Audit, Financial Analysis, Risk Management / Risk Control, and Data Analysis are correlated to pay that is above average. At the other end of the pay range are skills like Regulatory Compliance. Most people familiar with Internal Audit also know Sarbanes-Oxley (SOX) Compliance Audit.

Pay by Experience Level for Internal Audit Director

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries of relatively inexperienced workers fall in the neighborhood of $86K, but folks who have racked up five to 10 years see a notably higher median of $115K. Internal Audit Directors bring in $145K after working for 10 to 20 years. Internal Audit Directors who claim more than two decades of experience actually make somewhat smaller average paychecks of $137K.

Pay Difference by Location

National Average: $136,742

Larger city markers indicate a job is popular in that location.

For Internal Audit Directors, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Internal Audit Directors will also find cushy salaries in New York (+23 percent), Washington (+22 percent), San Diego (+16 percent), and Atlanta (+16 percent). Location significantly influences compensation, with Louisville Internal Audit Directors earning much less — 34 percent less — than the national average. A couple other locations with smaller-than-average paychecks include Austin (12 percent lower) and Indianapolis (11 percent lower).

Related Job Salaries

Key Stats for Internal Audit Director

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.
Less than 1 year
1%
1-4 years
2%
5-9 years
10%
10-19 years
54%
20 years or more
33%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Internal Audit Director Salaries



National Average
$137,000


Entry-Level
up arrow 37%

Skills That Affect Internal Audit Director Salaries


Financial Analysis
up arrow 3%


Data Analysis
up arrow 2%

Internal Audit
0%

National Average
$137,000

Regulatory Compliance
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
1%
1-4 years
2%
5-9 years
10%
10-19 years
54%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 86%
vision benefits
Vision: 75%
dental benefits
None: 4%
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