Senior Auditor Salary
Average Senior Auditors in the United States make around $68K per year. 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. Compensation for this group is mainly affected by the specific employer, but the particular city and years of experience are influential factors as well. Men account for the majority of Senior Auditors who responded to the questionnaire — 61 percent to be exact. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The majority of individuals in this role claim moderate levels of job satisfaction.
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 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
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Senior Auditors who transition into a Chief Financial Officer role may receive large pay increases as the latter position pays an average $123K per year. Senior Auditors typically move into roles as Auditing Managers or Financial Controllers, and those positions pay $15K more and $8K more, respectively.
Senior Auditor Job Listings
Popular Employer Salaries for Senior Auditor
EY (Ernst & Young), Deloitte & Touche LLP, KPMG, LLP, PricewaterhouseCoopers, and BDO Seidman, LLP are some prominent firms with considerable interest in employing a large team of Senior Auditors. Those at Defense Contract Audit Agency can expect to make the most, with the company offering a median salary of $81K. Also paying near the top of the field are Grant Thornton Llp at $74K, PricewaterhouseCoopers at $73K, and KPMG, LLP, where Senior Auditors annually earn $71K.
Workers also receive paychecks lighter than average at Deloitte ($61K), Crowe, Chizek and Company LLP ($64K), and Wells Fargo & Co. ($64K).
Popular Skills for Senior Auditor
Survey results imply that Senior Auditors deploy a substantial tool kit of skills at work. 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. Skills that pay less than market rate include Financial Reporting, Compliance, and Microsoft Office. Those proficient in Auditing are, more often than not, 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
For those looking to make money, Senior Auditors in Washington enjoy an exceptional pay rate, 20 percent above the national average. Senior Auditors will also find cushy salaries in San Francisco (+10 percent), New York (+9 percent), Boston (+7 percent), and San Diego (+7 percent). Those in the field find the lowest salaries in Denver, 8 percent below the national average. Workers in Minneapolis and Atlanta earn salaries that trail the national average for those in this profession (5 percent less and 3 percent less, respectively).
Senior Auditor Reviews
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Key Stats for Senior Auditor
Gender
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Female
40 % |
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Male
60 % |
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Job Satisfaction
| Highly satisfied |
Rated 4 out of 5 based on 249 votes. |
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