Vice President (VP), Internal Audit Salary

The average Internal Audit VP in the United States can expect to rake in roughly $137K per year. In the world of Internal Audit VPs, overall cash allowance can occasionally include more than $42K from bonuses and, in some exceptional cases, $35K from profit sharing, causing incomes to vary widely between $98K and $231K. Career duration is the main element affecting pay for this group — the particular city and the particular employer are driving factors as well. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Male Internal Audit VPs are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 55 percent of the field. Most Internal Audit VPs like their work and job satisfaction is high. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$87,940 - $194,426
(Median)
$88K
$140K
$190K
MEDIAN: $136,822
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$80K$160K$240K
Salary
$87,940 - $194,426  
   
Bonus
$5,106 - $42,015  
Profit Sharing
$986 - $35,479  
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).
)
$97,731 - $230,834  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 218
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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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Just a handful of professional skills are reported by Internal Audit VPs who took the survey. Risk Management / Risk Control and Internal Audit are considered valuable skills and can increase employee pay. Competency in Internal Audit frequently indicates knowledge of Risk Management / Risk Control.

Pay Difference by Location

National Average: $150,583

Larger city markers indicate a job is popular in that location.

The lowest-paying market is Boston, which sits 17 percent below the national average.

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Experience Affects Vice President (VP), Internal Audit Salaries

Experienced
up arrow 4%

Late-Career
up arrow 3%

National Average
$151,000

Mid-Career
up arrow 15%

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

Risk Management / Risk Control
up arrow 1%

National Average
$151,000

Internal Audit
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

1-4 years
2%
5-9 years
12%
10-19 years
56%
20 years or more
29%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 85%
medical benefits
Vision: 74%
dental benefits
None: 4%
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