Internal Audit Director Salary

On average, Internal Audit Directors in the United States earn six-figure salaries ($127K) annually, making for a very well-paid profession. In the world of Internal Audit Directors, overall cash allowance can occasionally include more than $36K from bonuses and, in some exceptional cases, $30K from profit sharing, causing incomes to vary widely between $87K and $188K. Geography and career duration each impact pay for this group, with the former having the largest influence. Male Internal Audit Directors are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 57 percent of the field. The majority of workers are highly satisfied with their job. Medical benefits are awarded to almost all, and a large number earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$85,597 - $167,211
$86K
$130K
$170K
MEDIAN: $126,940
10%
50%
90%

Add this chart to your site: 640px    300px

$0$190K
Salary $85,597 - $167,211
Bonus $4,047 - $36,014
Profit Sharing $2,980 - $30,201
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).
)
$87,170 - $190,344
  • Country: United States
  • Currency: USD
  • Updated: 13 Oct 2017
  • Individuals Reporting: 465

Job Description for Internal Audit Director

The internal audit director works with internal company resources and employees to evaluate and optimize financial functions. This includes creating reports on risks across various departments, conducting internal audits, coordinating between departments, and establishing quality assurance standards; all of these tasks must be performed efficiently without impairing operations and documented in reports that may be used to address potential problems. They work directly with employees throughout the company and communicating findings to management, and they may coordinate with subordinates within their department. To optimally perform the duties of this position, the internal audit director must keep up with the latest trends and developments within their industry and profession. Internal audit directors typically work in an office environment during regular business hours, although overtime may be required depending on deadlines and the needs of the business.

Read More...

Internal Audit Director Tasks

  • Develop strategies and procedures for carrying out internal audits.
  • Oversee external audits, organizing paperwork and making sure audits are finished on schedule.
  • Enforce compliance with company policies for risk assessment and financial controls.
  • Conduct reviews to identify financial and business risks, and implement appropriate controls.

Common Career Paths for Internal Audit Director


Add this chart to your site:   640px 640px    300px 300px


Internal Audit Directors' salaries may rise greatly for those who assume a higher-end position such as a Chief Audit Executive. The average Chief Audit Executive brings home $200K per year. More often than not, an Internal Audit VP role is the next step for Internal Audit Directors moving up in the field. Internal Audit VPs usually make $144K per year. Many other Internal Audit Directors choose to take on a Chief Financial Officer role, where salaries are typically $123K.

Internal Audit Director Job Listings

Popular Skills for Internal Audit Director


Internal Audit Directors generally report applying a varied skill set to their work. Most notably, skills in Sarbanes-Oxley Compliance Audit, Risk Management / Risk Control, Financial Analysis, and Internal Audit are correlated to pay that is above average. Skills that seem to negatively impact pay include Data Analysis and Regulatory Compliance. The majority of those who know Internal Audit also know Sarbanes-Oxley (SOX) Compliance Audit.

Pay by Experience Level for Internal Audit Director

Pay by Experience for an Internal Audit Director has a positive trend. An entry-level Internal Audit Director with less than 5 years of experience can expect to earn an average total compensation of $89,000 based on 21 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Internal Audit Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $118,000 based on 77 salaries. An experienced Internal Audit Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $145,000 based on 296 salaries. An Internal Audit Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $137,000 based on 151 salaries.

Pay Difference by Location

National Average: $139,260

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

New York is home to an above-average pay rate for Internal Audit Directors, 24 percent higher than the national average. Internal Audit Directors will also find cushy salaries in Washington (+21 percent), San Diego (+15 percent), Boston (+14 percent), and Atlanta (+13 percent). Place of residence plays a huge part in an Internal Audit Director's salary, with Louisville Internal Audit Directors earning salaries that are 31 percent less than the national average. Two other places where employers offer below-median salaries are Indianapolis (12 percent less) and Austin (6 percent less).

Internal Audit Director Reviews

Q: What is it like working as an Internal Audit Director?

Internal Audit Director in Roanoke:
"Well-liked."
Pros: Opportunity to add value to the business.
Cons: None.

Internal Audit Director in Charlotte:
Pros: Daily challenge. Never bored.
Cons: Time consuming.

Related Job Salaries

Key Stats for Internal Audit Director

Gender

Female
45 %
Male
55 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 81 votes.
Less than 1 year
1%
1-4 years
3%
5-9 years
9%
10-19 years
57%
20 years or more
31%

Experience Affects Internal Audit Director Salaries

▲4%

National Average
$139,000

▼2%

▼16%

▼36%

Skills That Affect Internal Audit Director Salaries



Financial Analysis
▲1%

National Average
$139,000

Internal Audit
▼1%

Regulatory Compliance
▼7%

▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 81 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
1%
1-4 years
3%
5-9 years
9%
10-19 years
57%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
vision benefits
Vision: 76%
no benefits
None: 7%