Vice President (VP), Internal Audit Salary

Pay for Internal Audit VPs in the United States sits in the ballpark of $138K per year. Cash earnings for Internal Audit VPs — including $41K in bonuses and $15K in profit sharing proceeds near the top of the pay scale — generally stretch from $100K to $227K depending on individual performance. Location and years of experience each impact pay for this group, with the former having the largest influence. Women are just slightly outnumbered, with male Internal Audit VPs making up 58 percent of survey respondents. The majority of Internal Audit VPs claim high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage.

$93,320 - $189,542
(Median)
$93K
$140K
$190K
MEDIAN: $137,611
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$80K$160K$240K
Salary
$93,320 - $189,542  
   
Bonus
$4,973 - $41,466  
Profit Sharing
$979 - $15,319  
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).
)
$99,748 - $227,318  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 203
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Job Description for Vice President (VP), Internal Audit

A vice president (VP) of internal audits usually holds a leadership position for a large corporation. They work with managers and auditors to address financial and operational issues and help the managers to overcome these problems. The vice president of internal audit oversees various audit-related processes in the company and provides objective evaluations. Then, they help other departments come up with ideas to improve these processes. The vice president of internal audit usually has a team of auditors to whom they delegate tasks.

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Vice President (VP), Internal Audit Tasks

  • Train and manage the internal auditing staff and conduct evaluations.
  • Design methods to assess and mitigate business risks.
  • Conduct internal audits, determine the objectives of audits, and track audit results.
  • Propose methods to improve processes and problem areas identified by audits.

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Job skills reported by Internal Audit VPs are limited. Risk Management / Risk Control and Internal Audit are considered valuable skills and can increase employee pay by 4 percent and 3 percent, respectively. Competency in Internal Audit frequently indicates knowledge of Risk Management / Risk Control.

Pay Difference by Location


Location is a huge contributor to overall pay, with Internal Audit VPs in Boston earning a whopping 24 percent below the national average.

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Experience Affects Vice President (VP), Internal Audit Salaries

Experienced
up arrow 3%

Late-Career
up arrow 3%

National Average
$153,000

Mid-Career
up arrow 17%

Skills That Affect Vice President (VP), Internal Audit Salaries

Risk Management / Risk Control
up arrow 4%

Internal Audit
up arrow 3%

National Average
$153,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

1-4 years
3%
5-9 years
12%
10-19 years
58%
20 years or more
28%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 88%
vision benefits Vision: 76% employee benefits None: 6%
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