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Internal Audit Director Salary

Salaries for Internal Audit Directors in the United States are generous, with average pay above six figures ($117K) per year. In the world of Internal Audit Directors, overall cash allowance can occasionally include more than $34K from bonuses and, in some exceptional cases, $29K from profit sharing, causing incomes to vary widely between $79K and $181K. Geography is the biggest factor affecting pay for this group, followed by years of experience. Nearly all report receiving medical coverage from their employers and most collect dental insurance. There are more male Internal Audit Directors than female among those who completed the questionnaire, making up 64 percent. Work is enjoyable for Internal Audit Directors, who typically claim high levels of job satisfaction.

$76,182 - $154,112
(Median)
$76K
$120K
$150K
MEDIAN: $117,367
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
$76,182 - $154,112  
   
Bonus
$2,150 - $33,611  
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).
)
$78,662 - $181,418  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 555

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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

  • 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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Although some Internal Audit Directors become Internal Audit VP, this progression is not the norm. However, the latter position does pay a little more at $149K.

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Popular Skills for Internal Audit Director


Internal Audit Directors usually 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 4 percent to 16 percent more than the national average. Those educated in Internal Audit tend to be well versed in Sarbanes-Oxley (SOX) Compliance Audit.

Pay Difference by Location


For Internal Audit Directors, San Francisco provides a pay rate that is 35 percent greater than the national average. Internal Audit Directors can also look forward to large paychecks in cities like Boston (+21 percent), Chicago (+18 percent), Los Angeles (+17 percent), and Portland (+12 percent). Those in the field find the lowest salaries in Omaha, 14 percent below the national average.

Related Job Salaries

United States (change)

Experience Affects Internal Audit Director Salaries



National Average
$126,000


Skills That Affect Internal Audit Director Salaries



Internal Audit
up arrow 4%

National Average
$126,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 108 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
36%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 87%
vision benefits Vision: 74% employee benefits None: 4%
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