Internal Auditing Manager Salary
The average salary for an Internal Auditing Manager is $96,753 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
Job Description for Internal Auditing Manager
The internal audit manager performs risk assessments for companies, focusing specifically on the organization's finances. Their complex audits relate to the compliance, operations, and finances of a company, and they must meet the standards set by the Professional Practice of Internal Auditing for each audit. They are often in regular communication with auditors outside of the company and keep up to date with current changes in their field.Read More...
An internal audit manager also constantly reviews and assesses the impacts of their recommendations on the company; their goal is to make the company as financially efficient as possible. As a manager, they likely will have a team working underneath them that they will be responsible for supervising and leading. Internal audit managers must also relay their findings and recommendations to their superiors.
An internal audit manager is expected to have a very thorough understanding of financial structures. The position requires an undergraduate degree in accounting or finance, as well as two to six years' experience. Many employers prefer a master’s degree in the field and previous managerial experience.
Internal Auditing Manager Tasks
- Assist in the coordination and implementation of internal audits.
- Report audit results in writing and in presentations.
- Evaluate internal controls to identify areas needing improvement.
- Conduct reviews to identify financial and business risks and assess compliance with regulations.
- Contribute to the development of strategies and procedures for carrying out internal audits.
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