Senior Auditor Salary
The average Senior Auditor in the United States can expect to rake in roughly $68K annually. Cash earnings for Senior Auditors — including $8K in bonuses and $6K in profit sharing proceeds near the top of the pay scale — generally stretch from $54K to $92K depending on individual performance. The specific employer is the main element affecting pay for this group — geography and experience level are driving factors as well. Men account for the majority of Senior Auditors who responded to the questionnaire — 61 percent to be exact. For the most part, Senior Auditors enjoy their work and report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part.
|Salary||$54,056 - $88,857|
|Bonus||$968 - $8,092|
|Profit Sharing||$610 - $6,000|
|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).)
|$53,909 - $91,935|
|Hourly Rate||$14.96 - $45.46|
|Overtime||$24.04 - $56.28|
|Bonus||$968 - $8,092|
|Profit Sharing||$610 - $6,000|
|Total Pay (||$53,909 - $91,935|
Job Description for Senior Auditor
Senior auditors conduct audits for companies to ensure compliance in financial and operational areas. They ensure that businesses operate smoothly and inspect records for cases of waste or fraud. Senior auditors are typically responsible for overseeing the entire auditing process for a company. In large organizations, they may have staff auditors who report directly to them.Read More...
Senior auditors must make a decision as to whether or not items on a financial statement are factual, complete, and free from errors. Reliability and relevance are two factors that senior auditors take into account when they are evaluating a financial statement. The biggest responsibility of a senior auditor is to check for errors and suspicious activity in a company’s records. They document areas in which a company can run more effectively, as well as how to manage certain operations to ensure that valuable resources such as time, money, and effort aren’t wasted.
Senior auditors must have at least a bachelor’s degree in accounting, business, or a related field. Most corporations prefer a senior auditor to have a master’s degree in one or more of these fields. Certifications are also available, but they are seen as supplementary and are not sufficient alone.
Senior Auditor Tasks
- Analyze financial data to insure efficiency, accuracy, and compliance with relevant laws and standards, as well as to find instances of accounting deficiencies and/or fraud.
- Oversee, guide, and mentor junior auditors.
- Develop risk appraisal guidelines and audit paperwork templates.
- Plan and conduct audits, prepare reports on a monthly or yearly basis for clients, and take point as the lead reviewer.
Common Career Paths for Senior Auditor
For Senior Auditors, progressing to a Chief Financial Officer role may result in a significant raise. On average, a Chief Financial Officer can earn $123K annually. Senior Auditors most often move into positions as Auditing Managers or Financial Controllers; those groups report median salaries that are $15K higher and $8K higher, respectively.
Senior Auditor Job Listings
Popular Employer Salaries for Senior Auditor
Senior Auditors fill the offices of leading firms EY (Ernst & Young), Deloitte & Touche LLP, KPMG, LLP, PricewaterhouseCoopers, and BDO Seidman, LLP. Defense Contract Audit Agency attracts talent by shelling out the biggest paychecks in the area — the median in that office is $81K. Grant Thornton Llp, PricewaterhouseCoopers, and KPMG, LLP also offer top salaries for Senior Auditors. Workers at these firms can expect to earn about $74K, $73K, and $71K, respectively.
Deloitte, Crowe, Chizek and Company LLP, and Wells Fargo & Co. are a few other employers known for handing out relatively lightweight salaries ($61K, $64K, and $64K respectively).
Popular Skills for Senior Auditor
Senior Auditors report using a large range of skills on the job. Most notably, skills in Sarbanes-Oxley, Internal Audit, Risk Management / Risk Control, and Data Analysis are correlated to pay that is above average, with boosts between 4 percent and 7 percent. At the other end of the pay range are skills like Financial Reporting, Compliance, and Microsoft Office. It is often found that people who know Auditing are also skilled in Microsoft Excel.
Pay by Experience Level for Senior Auditor
Pay by Experience for a Senior Auditor has a positive trend. An entry-level Senior Auditor with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 1,001 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Auditor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $75,000 based on 483 salaries. An experienced Senior Auditor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $76,000 based on 185 salaries. A Senior Auditor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $82,000 based on 74 salaries.
Pay Difference by Location
Washington offers some of the highest pay in the country for Senior Auditors, 20 percent above the national average. Senior Auditors can also look forward to large paychecks in cities like San Francisco (+10 percent), New York (+9 percent), Boston (+7 percent), and San Diego (+7 percent). Denver is home to the smallest salaries in the field, lagging the national average by 8 percent. Minneapolis and Atlanta are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 3 percent lower, respectively.
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