Vice President (VP), Internal Audit Salary

Internal Audit VPs in the United States take home an average $137K annually. Total incomes of Internal Audit VPs incorporate potential for, in a few cases, more than $41K from bonuses and close to $15K from profit sharing; these performance components cause packages to range between $100K and $227K. Residence is the biggest factor affecting pay for this group, followed by experience level. The majority of workers are highly satisfied with their job. Medical benefits are awarded to nearly all, and most earn dental coverage. Women are just slightly outnumbered, with male Internal Audit VPs making up 58 percent of survey respondents.

$94,309 - $189,363

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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
$94,309 - $189,363  
   
Bonus
$4,973 - $41,452  
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).
)
$100,247 - $227,201  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 204
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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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Internal Audit VPs report a focused set of job skills. Risk Management / Risk Control and Internal Audit are considered valuable skills and can increase employee pay. Experience with Internal Audit is often linked with knowledge of Risk Management / Risk Control.

Pay Difference by Location


Internal Audit VPs' salaries are heavily influenced by location — Internal Audit VPs in Boston bring in salaries that are 23 percent lower than the national average.

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Experience Affects Vice President (VP), Internal Audit Salaries

Experienced
up arrow 3%

Late-Career
up arrow 2%

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 2%

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
57%
20 years or more
28%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 88%
vision benefits Vision: 77% employee benefits None: 6%
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