Internal Audit Director Salary

Salaries for Internal Audit Directors in the United States are generous, with average pay above six figures ($118K) per year. Final cash compensation to Internal Audit Directors varies from around $79K to approximately $181K; choice pay grades include potential for bonuses and profit sharing as high as $33K and $29K, respectively. Location and career duration each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The majority of Internal Audit Directors claim high levels of job satisfaction. Men account for the majority of Internal Audit Directors who responded to the questionnaire — 64 percent to be exact.

$76,362 - $153,603
(Median)
$76K
$120K
$150K
MEDIAN: $117,958
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
$76,362 - $153,603  
   
Bonus
$2,315 - $33,356  
Profit Sharing
$1,961 - $28,828  
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).
)
$78,704 - $181,197  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 557

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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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Many Internal Audit Directors move into Internal Audit VP roles, in which average pay is a slightly higher $149K per year.

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Popular Skills for Internal Audit Director


Internal Audit Directors note just a narrow range of job skills. Skill set and salary are closely correlated, and individuals who are practiced in Sarbanes-Oxley Compliance Audit, Risk Management / Risk Control and Internal Audit abilities will see corresponding pay increases between 3 percent and 15 percent. Those familiar with Internal Audit also tend to know Sarbanes-Oxley (SOX) Compliance Audit.

Pay Difference by Location


For those looking to make money, Internal Audit Directors in San Francisco enjoy an exceptional pay rate, 34 percent above the national average. Internal Audit Directors will also find cushy salaries in Boston (+22 percent), Los Angeles (+17 percent), Chicago (+17 percent), and Houston (+11 percent). Omaha is the lowest-paying area, 15 percent south of the national average.

Related Job Salaries

United States (change)

Experience Affects Internal Audit Director Salaries



National Average
$127,000


Skills That Affect Internal Audit Director Salaries



Internal Audit
up arrow 3%

National Average
$127,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 113 votes.

Gender

Female
36 %
Male
64 %

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: 88%
vision benefits Vision: 75% employee benefits None: 4%