Internal Audit Director Salary

Average pay for an Internal Audit Director in the United States is considerable, rounding six figures at $117K per year. Final cash compensation to Internal Audit Directors varies from around $79K to approximately $182K; choice pay grades include potential for bonuses and profit sharing as high as $33K and $29K, respectively. Geography is the biggest factor affecting pay for this group, followed by experience level. More than half of Internal Audit Directors (64 percent) survey respondents are men. Job satisfaction for Internal Audit Directors is high. Medical benefits are awarded to nearly all, and most earn dental coverage.

$76,481 - $155,082
(Median)
$76K
$120K
$160K
MEDIAN: $117,224
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
$76,481 - $155,082  
   
Bonus
$2,492 - $32,990  
Profit Sharing
$1,953 - $29,087  
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).
)
$79,002 - $181,766  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 575
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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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For Internal Audit Directors, advancing into an Internal Audit VP role, for which the median salary is $148K, is not common but it does happen.

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Popular Skills for Internal Audit Director


Internal Audit Directors who responded to the survey indicated only a few skills that they use on the job. Sarbanes-Oxley Compliance Audit and Risk Management / Risk Control are considered valuable skills and can increase employee pay by 13 percent and 8 percent, respectively. Most people experienced in Internal Audit also know Sarbanes-Oxley (SOX) Compliance Audit.

Pay Difference by Location


San Francisco offers some of the highest pay in the country for Internal Audit Directors, 34 percent above the national average. Internal Audit Directors can also look forward to large paychecks in cities like Boston (+24 percent), Chicago (+18 percent), Los Angeles (+17 percent), and Portland (+12 percent). Location significantly influences compensation, with Omaha Internal Audit Directors earning much less — 23 percent less — than the national average. Below-median salaries also turn up in Cleveland and Austin (14 percent lower and 3 percent lower, respectively).

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Experience Affects Internal Audit Director Salaries



National Average
$126,000


Skills That Affect Internal Audit Director Salaries



Internal Audit
up arrow 3%

National Average
$126,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 98 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

1-4 years
1%
5-9 years
13%
10-19 years
50%
20 years or more
36%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 73% employee benefits None: 4%
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