Internal Auditor Average Salary in Indonesia 2021
How much money does an Internal Auditor make in Indonesia?
Average Monthly Salary
( 139,000,000 IDR yearly)
A person working as an Internal Auditor in Indonesia typically earns around 11,600,000 IDR per month. Salaries range from 5,550,000 IDR (lowest) to 18,200,000 IDR (highest).
This is the average monthly salary including housing, transport, and other benefits. Internal Auditor salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Internal Auditor Salary Distribution in Indonesia
The median, the maximum, the minimum, and the range
Internal Auditor salaries in Indonesia range from 5,550,000 IDR per month (minimum salary) to 18,200,000 IDR per month (maximum salary).
The median salary is 12,000,000 IDR per month, which means that half (50%) of people working as Internal Auditor(s) are earning less than 12,000,000 IDR while the other half are earning more than 12,000,000 IDR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Internal Auditor(s) are earning less than 7,910,000 IDR while 75% of them are earning more than 7,910,000 IDR. Also from the diagram, 75% of Internal Auditor(s) are earning less than 15,700,000 IDR while 25% are earning more than 15,700,000 IDR.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
Internal Auditor Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Internal Auditor salaries by experience level and this is what we found.
An Internal Auditor with less than two years of experience makes approximately 6,500,000 IDR per month.
While someone with an experience level between two and five years is expected to earn 9,210,000 IDR per month, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 12,100,000 IDR per month, 31% more than someone with two to five years of experience.
Additionally, Internal Auditor(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,900,000 IDR per month, 23% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 15,800,000 IDR per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 17,300,000 IDR per month, 10% more than people with fifteen to twenty years of experience.
Internal Auditor average salary change by experience in Indonesia
|0 - 2 Years|
|2 - 5 Years||+42%|
|5 - 10 Years||+31%|
|10 - 15 Years||+23%|
|15 - 20 Years||+6%|
Percentage increase and decrease are relative to the previous value
Typical Salary Progress for Most Careers
Internal Auditor Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Internal Auditor(s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Internal Auditor salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of an Internal Auditor is 8,070,000 IDR per month.
While someone with a Bachelor's Degree gets a salary of 12,900,000 IDR per month, 59% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 17,100,000 IDR per month, 33% more than someone with a Bachelor's Degree.
Internal Auditor average salary difference by education level in Indonesia
|Certificate or Diploma|
Percentage increase and decrease are relative to the previous value
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Indonesia costs anywhere from 60,700,000 Rupiah(s) to 182,000,000 Rupiah(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Internal Auditor Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Internal Auditor employees in Indonesia earn 8% more than their female counterparts on average.
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Indonesia for all Careers
Internal Auditor Average Annual Salary Increment Percentage in Indonesia
How much are annual salary increments in Indonesia for Internal Auditor(s)? How often do employees get salary raises?
Internal Auditor(s) in Indonesia are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.
Indonesia / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
“The average salary increase in one year (12 months) in Indonesia is 5%.”
Annual Increment Rate By Industry 2020
Listed above are the average annual increase rates for each industry in Indonesia for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Internal Auditor Bonus and Incentive Rates in Indonesia
How much and how often are bonuses being awarded?Share This Chart Tweet Get Chart Link
An Internal Auditor is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
Types of Bonuses ConsideredIndividual Performance-Based Bonuses
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
“Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.”
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Internal Auditor Average Hourly Wage in Indonesia
The average hourly wage (pay per hour) in Indonesia is 66,700 IDR. This means that the average Internal Auditor in Indonesia earns approximately 66,700 IDR for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Internal Auditor VS Other Jobs
The average salary for Internal Auditor is 8% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.
Salary comparison with similar jobs
|Account Examiner||6,530,000 IDR||-44%|
|Account Executive||11,600,000 IDR||+0%|
|Accounting Assistant||7,180,000 IDR||-38%|
|Accounting Associate||6,300,000 IDR||-46%|
|Accounting Clerk||5,420,000 IDR||-53%|
|Accounting Coordinator||7,840,000 IDR||-32%|
|Accounting Manager||18,100,000 IDR||+57%|
|Accounting Supervisor||12,100,000 IDR||+5%|
|Accounting Technician||6,240,000 IDR||-46%|
|Accounts Executive||11,200,000 IDR||-3%|
|Accounts Payable and Receivable Specialist||9,300,000 IDR||-20%|
|Accounts Payable Clerk||6,330,000 IDR||-45%|
|Accounts Payable Manager||16,800,000 IDR||+45%|
|Accounts Receivable Clerk||6,340,000 IDR||-45%|
|Accounts Receivable Manager||16,600,000 IDR||+44%|
|Assistant Accounting Manager||16,600,000 IDR||+44%|
|Assistant Auditor||9,000,000 IDR||-22%|
|Audit Supervisor||15,700,000 IDR||+36%|
|Auditing Clerk||6,750,000 IDR||-42%|
|Auditing Manager||17,900,000 IDR||+55%|
|Billing Coordinator||8,420,000 IDR||-27%|
|Billing Specialist||9,380,000 IDR||-19%|
|Billing Supervisor||13,200,000 IDR||+14%|
|Bookkeeping Specialist||8,520,000 IDR||-26%|
|Budget Analyst||14,900,000 IDR||+29%|
|Budget Manager||17,900,000 IDR||+55%|
|Business Support Analyst||10,200,000 IDR||-12%|
|Capital Markets Associate||13,700,000 IDR||+18%|
|Cash Flow Analyst||13,100,000 IDR||+13%|
|Cash Management Officer||9,980,000 IDR||-14%|
|Cashbook Clerk||5,990,000 IDR||-48%|
|Chartered Accountant||11,100,000 IDR||-4%|
|Collections Clerk||5,740,000 IDR||-50%|
|Collections Specialist||8,930,000 IDR||-23%|
|Corporate Treasurer||16,700,000 IDR||+44%|
|Cost Accountant||8,930,000 IDR||-23%|
|Cost Accounting Manager||17,400,000 IDR||+50%|
|Cost Analyst||14,000,000 IDR||+21%|
|Credit and Collection Manager||17,300,000 IDR||+50%|
|Credit and Collection Staff||6,530,000 IDR||-44%|
|Credit and Loans Officer||6,340,000 IDR||-45%|
|Credit Controller||12,500,000 IDR||+8%|
|Debt Adviser||14,200,000 IDR||+23%|
|Debt Collector||6,910,000 IDR||-40%|
|Debtors Clerk||6,230,000 IDR||-46%|
|Deputy CFO||23,800,000 IDR||+110%|
|Derivative Trader||15,100,000 IDR||+31%|
|Escrow Assistant||7,850,000 IDR||-32%|
|External Auditor||12,100,000 IDR||+5%|
|Finance Associate||7,840,000 IDR||-32%|
|Finance Executive||18,300,000 IDR||+58%|
|Finance Licensing Clerk||6,410,000 IDR||-45%|
|Finance Licensing Manager||17,000,000 IDR||+47%|
|Finance Licensing Specialist||9,630,000 IDR||-17%|
|Finance Officer||8,490,000 IDR||-27%|
|Finance President||27,000,000 IDR||+130%|
|Finance Relationship Manager||21,400,000 IDR||+85%|
|Finance Release Analyst||9,930,000 IDR||-14%|
|Finance Team Leader||19,600,000 IDR||+70%|
|Financial Actuary||13,900,000 IDR||+20%|
|Financial Administrator||15,100,000 IDR||+31%|
|Financial Analyst||15,600,000 IDR||+35%|
|Financial Applications Specialist||10,800,000 IDR||-7%|
|Financial Assistant||6,930,000 IDR||-40%|
|Financial Associate||7,200,000 IDR||-38%|
|Financial Claims Analyst||11,800,000 IDR||+2%|
|Financial Claims Manager||15,600,000 IDR||+35%|
|Financial Commercial Analyst||13,500,000 IDR||+17%|
|Financial Compliance Analyst||13,900,000 IDR||+20%|
|Financial Consultant||11,700,000 IDR||+1%|
|Financial Controller||13,700,000 IDR||+18%|
|Financial Coordinator||8,220,000 IDR||-29%|
|Financial Customer Service Manager||16,100,000 IDR||+39%|
|Financial Dealer and Broker||9,320,000 IDR||-19%|
|Financial Encoder||7,280,000 IDR||-37%|
|Financial Manager||24,000,000 IDR||+110%|
|Financial Operations Manager||23,200,000 IDR||+100%|
|Financial Policy Analyst||13,900,000 IDR||+20%|
|Financial Project Manager||18,100,000 IDR||+57%|
|Financial Quantitative Analyst||15,400,000 IDR||+33%|
|Financial Reporting Consultant||13,300,000 IDR||+15%|
|Financial Reporting Manager||17,100,000 IDR||+48%|
|Financial Services Sales Agent||9,880,000 IDR||-15%|
|Fixed Assets Administrator||9,480,000 IDR||-18%|
|Forensic Accountant||10,800,000 IDR||-7%|
|Fraud Detection Supervisor||10,900,000 IDR||-6%|
|Fraud Prevention Manager||18,000,000 IDR||+56%|
|Fund Accountant||8,440,000 IDR||-27%|
|Grants Coordinator||6,490,000 IDR||-44%|
|Internal Auditor||11,600,000 IDR||+0%|
|Internal Control Adviser||13,800,000 IDR||+19%|
|Internal Control Officer||7,680,000 IDR||-34%|
|Inventory Accountant||9,240,000 IDR||-20%|
|Investment Analyst||17,500,000 IDR||+51%|
|Investment Fund Manager||20,200,000 IDR||+75%|
|Investment Underwriter||7,720,000 IDR||-33%|
|Investor Relations Manager||18,100,000 IDR||+57%|
|KYC Team Leader||18,100,000 IDR||+57%|
|Management Economist||20,900,000 IDR||+81%|
|Payroll Clerk||7,760,000 IDR||-33%|
|Payroll Manager||16,300,000 IDR||+41%|
|Pensions Administrator||9,500,000 IDR||-18%|
|Pricing Analyst||14,800,000 IDR||+28%|
|Private Equity Analyst||16,500,000 IDR||+43%|
|Proposal Development Coordinator||7,980,000 IDR||-31%|
|Receivables Accountant||8,200,000 IDR||-29%|
|Regulatory Accountant||9,420,000 IDR||-19%|
|Retirement Plan Analyst||14,000,000 IDR||+21%|
|Revenue Management Specialist||14,600,000 IDR||+26%|
|Revenue Recognition Analyst||17,100,000 IDR||+48%|
|Risk Management Director||21,500,000 IDR||+86%|
|Risk Management Supervisor||17,700,000 IDR||+53%|
|Tax Accountant||8,180,000 IDR||-29%|
|Tax Advisor||13,300,000 IDR||+15%|
|Tax Associate||7,360,000 IDR||-36%|
|Tax Manager||18,300,000 IDR||+58%|
|Treasury Accountant||9,340,000 IDR||-19%|
|Treasury Analyst||14,200,000 IDR||+23%|
|Underwriting Assistant||5,780,000 IDR||-50%|
|Vice President of Finance||24,100,000 IDR||+110%|
Salary Comparison By City
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Indonesia earn 9% more than their private sector counterparts on average across all sectors.
Percentage increase and decrease are relative to the previous value
Average Internal Auditor Salary in Indonesia
Avg. Base Salary (IDR)
The average salary for an Internal Auditor is Rp 111,000,000
Rp 6m - Rp 245m
What is the Pay by Experience Level for Internal Auditors?
An early career Internal Auditor with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of Rp 60,000,000 based on 7 salaries. An experienced Internal Auditor with 10-19 years of experience earns an average total compensation of Rp 140,000,000 based on 5 salaries.
What Do Internal Auditors Do?
Internal auditors work as an internal checkers for companies, as their findings and evaluations are primary tools for identifying strengths and weaknesses within an organization. To whom they report will vary from business to business, but it is generally an upper level of management or ownership, such as an Audit Committee of a Board of Directors. In publicly-traded companies, it is required by law that an internal auditor report to the CEO.
The job varies in analysis and evaluation, as …Read more
This data is based on 4 survey responses. Learn more about the gender pay gap.
Common Health Benefits
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Internal auditors deal with operating issues crucial to the smooth running of any organisation - you'll need initiative and analytical ability to succeed
As an internal auditor, you'll provide an independent guarantee that an organisation's risk management, governance and control processes are operating effectively.
You'll work within businesses and organisations to monitor and evaluate how well risks are being managed, how business is running and if internal processes are working.
Auditing also includes a consulting service, advising management on how to improve their systems and processes.
The scope and nature of audits can vary significantly, but the main priority of your work is to ensure any issues that affect the survival and prosperity of the business are dealt with.
The work of an internal auditor differs to that of external auditors as they look at more than financial and accounting risks. They also consider factors such as reputation, growth, environmental impact, treatment of employees and ethics.
Your work with senior management will provide evidence to stakeholders that they are managing their business effectively.
The work of internal auditors is varied and your range of tasks can include:
- attending meetings with auditees to develop an understanding of business processes
- travelling to different sites to meet relevant staff and obtain documents and information
- researching and assessing how well risk management processes are working and recording the results using software such as Microsoft Word and Excel
- providing ad hoc advice and guidance to managers and staff at all levels, sometimes by delivering courses and training sessions
- performing risk assessments on key business activities and using this information to guide what should be covered in audits
- anticipating emerging issues through research and interviews and deciding how best to deal with them
- providing support and guidance to management on how to handle new opportunities
- agreeing recommendations with relevant staff members to make improvements to operations and helping to secure backing for them in meetings
- preparing reports to highlight issues and problems and distributing the reports to the relevant people
- assessing how well the business is complying to rules and regulations and informing management of any issues that need addressing
- managing a variety of stakeholders and their expectations through regular communications.
- Internal auditors with one to three years' experience can expect to earn salaries of £22,000 to £35,000. Those who are just starting out may earn slightly less.
- Salaries tend to increase at a steady rate over time, with those who have three to seven years' experience earning £32,000 to £53,000.
- If you're working as an experienced manager or at director level, you could see a salary of over £70,000.
Figures are intended as a guide only.
Working hours tend to be normal office hours. Those working in large practices typically work some irregular overtime.
What to expect
- Internal audit work is usually office based.
- Opportunities for part-time work, flexible working and career breaks are available, but tend to vary by employer.
- A large number of jobs are based in London and main cities but due to many organisations needing internal auditing, opportunities are available in smaller towns in the regions.
- Internal auditing is a corporate function mainly in medium to large organisations and, as such, work may be available on a global level, particularly with companies that have overseas offices.
- Around 25% of internal auditors are women. Many of the large employers of internal auditors will have equality and diversity policies in place.
- Lifestyle implications, such as dress code, behavioural requirements, levels of responsibility and stress and disruption to social/home life vary by job and are often similar to other office-based roles.
- Travel within a working day may be required in order to visit other sites when on audit fieldwork.
- The amount of travel varies by employer but there may be opportunities for overseas travel, especially with global audit functions.
Internal audit is a varied role and individuals come from a range of backgrounds and levels of education. The career is open to all graduates but a degree, HND or foundation degree in one of the following subjects may be considered beneficial and could increase your chances of future promotion:
If you don't have a degree, HND or foundation degree it's still possible to enter the profession, particularly if you have some related pre-entry work experience. You'll be able to progress as you develop on-the-job knowledge and responsibilities.
A postgraduate qualification isn't necessary but it can be useful. Relevant subjects include an MBA or other Masters-level qualification in related subjects, such as economics or business studies.
The Chartered Institute of Internal Auditors (IIA) has recently developed two apprenticeships designed for those with some experience in other fields but who don't hold a degree. These are:
- Internal audit practitioner - a Level 4 apprenticeship. Participants will be required to complete the IIA Certificate in Internal Audit and Business Risk as well as the Certified Internal Auditor (CIA) Part 1 - Internal Audit Basics.
- Internal audit professional - a Level 7 apprenticeship. Participants will be required to complete the CIA certification, as well as three qualifications in internal audit leadership. This includes working on case studies in internal audit leadership, organisational leadership and ethical leadership.
You need to demonstrate the following characteristics and skills:
- the ability to use your own initiative
- analytical thinking and attention to detail
- the ability to work effectively on your own and as part of a team
- strong ethical standards and high levels of integrity
- the ability to think objectively and demonstrate sound judgement
- strong communication skills, both written and verbal
- organisation and facilitation skills
- resilience under pressure
- flexible thinking and ability to adapt to change.
Finding work experience will increase your chances of getting a job in internal audit. Summer internships and work placements are available with accountancy and consultancy firms. Student membership with IIA is a helpful resource, providing access to trade press, updates in the sector and networking opportunities.
While there are no legal requirements for businesses to have internal auditors, many companies and organisations recognise the benefits of it and therefore have internal auditing departments.
This means the pool of employers is large and includes:
- accountancy firms -such as the 'big four' - KPMG, EY, PwC and Deloitte. These companies employ internal auditors to perform audits on behalf of their clients within their clients' businesses and organisations.
- private and publicly traded companies - where internal auditors perform in-house audits within the business.
- public sector - delivering in-house audits in organisations such as central government departments, local authorities, regulators and higher education institutions.
Opportunities for employment in internal auditing are worldwide. IIA has a wide scope, comprised of roughly 8,000 members from the UK and Ireland alone. It's also a part of the Global IIA, which operates across 190 countries.
Look for job vacancies at:
You may want to consider sending speculative applications to raise interest from prospective employers.
Specialist recruitment agencies such as Renaix also handle vacancies.
Internal auditor jobs
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Training varies by employer but is typically carried out on the job. It's also possible to take professional qualifications with IIA, which are available at various levels:
- IIA Certificate in Internal Audit and Business Risk - suitable if you're new to internal audit, as this qualification will provide you with the essentials of audit, governance, risk and assurance. This is a modular course and takes around one year to complete.
- Certified Internal Auditor (CIA) - this is a globally-recognised postgraduate award and is the first step to achieving chartered internal auditor status. You will have to pass three multiple choice exams and be an IIA member to enrol.
- Qualification in Internal Audit Leadership (QIAL) - this consists of three exams in internal audit leadership, organisational leadership and ethical leadership, as well as a professional experience journal (PEJ). After you have completed these, you can apply for chartered status. If you wish to use the designation QIAL, you will also have to complete a presentation and interview.
Information on the requirements for each qualification is available at IIA - Qualifications.
IIA also runs many courses, conferences and events that are good for networking and developing knowledge and skills. Events cover relevant topics including audit of taxation, preventing organisation failures, assurance mapping and audit report writing.
IIA members have to commit to maintaining their levels of continuing professional development (CPD). IIA can help with this and can provide access to a CPD planner and competency framework, which can help you to decide what skills you need to develop and work on.
It's possible to stay in internal audit, progressing from junior auditor to senior audit management.
You may join an accountancy practice to begin with, where you can gain a relevant qualification before putting your newly acquired skills to good use in industry. However, it's also possible to enter businesses and organisations immediately and build your skills while on the job.
Promotion can be gained in a number of ways. You may work your way up internally in the business or you may need to move employers, in particular going to bigger organisations. Being flexible and able to relocate will help your development prospects.
You might find that more opportunities are available if you've specialised in a certain area of auditing, or have professional qualifications, such as being a chartered internal auditor or chartered accountant.
Internal auditing provides a good understanding of an organisation and how it works and also builds some key transferable skills. This means it may be possible for you to move into other areas of the business such as IT, finance, sales or marketing, as you'll already have the knowledge of how those areas are run.
It may be possible to become an internal audit consultant and be self-employed, once you've built up a strong network and client base, which often takes many years.
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How much does an Internal Auditor I make in the United States? The average Internal Auditor I salary in the United States is $60,881 as of September 27, 2021, but the range typically falls between $55,223 and $66,913. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
SalarySalary + BonusBenefitsHow To Become
Internal Auditor I Salaries by Percentile
|10th Percentile Internal Auditor I Salary||$50,071||US||September 27, 2021|
|25th Percentile Internal Auditor I Salary||$55,223||US||September 27, 2021|
|50th Percentile Internal Auditor I Salary||$60,881||US||September 27, 2021|
|75th Percentile Internal Auditor I Salary||$66,913||US||September 27, 2021|
|90th Percentile Internal Auditor I Salary||$72,405||US||September 27, 2021|
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Job Description for Internal Auditor I
Internal Auditor I audits the accounting and financial data of various departments within an organization to ensure accuracy and compliance with government guidelines and laws. Identifies improper accounting or documentation within the organization. Being an Internal Auditor I researches identified issues and makes recommendations to improve policies or procedures accordingly. May work with outside auditors to help reconcile discrepancies or support the external auditing function. Additionally, Internal Auditor I requires a bachelor's degree of accounting. Typically reports to a supervisor or manager. The Internal Auditor I works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Internal Auditor I typically requires 0-2 years of related experience. (Copyright 2021 Salary.com)... View full job description
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Fiscal Year Ended in 2020
What does an Internal Auditor I do?
Internal Auditor I in Akron, OH
Assist in the development of the Internal Audit DepartmentÆs procedures, practices, and training of new team members.
February 19, 2021
Support the CompanyÆs external auditors with the performance of substantive testing in support of their annual audit of the financial statements.
April 25, 2021
Provide an objective, independent and risk-based evaluation of the adequacy and effectiveness of the CompanyÆs operational and financial controls.
May 04, 2021
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Internal Auditor I Pay Difference by Location
|City, State||Compared to national average|
|City, StateSan Francisco, CA||Compared to national average|
|City, StateWashington, DC||Compared to national average|
|City, StateMiami, FL||Compared to national average|
|City, StateChicago, IL||Compared to national average|
|City, StateBoston, MA||Compared to national average|
|City, StateNew York, NY||Compared to national average|
|City, StateDallas, TX||Compared to national average|
Internal Auditor I Salary by Global Country
Internal Auditor I Salary by State
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Average Base Salary
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Internal Auditor I in the United States. The base salary for Internal Auditor I ranges from $55,223 to $66,913 with the average base salary of $60,881. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,187 to $69,446 with the average total cash compensation of $62,555.
Auditor salary internal
Certified Internal Auditor
How does company size affect CIA salary?
Large organizations are willing and able to pay a premium to attract top talent. The more employees and assets an organization has, the more complex various audit functions become, and auditors’ salaries reflect that. Generally speaking, the larger the company, the higher the pay for a given role, and the better defined your career path will be.
It’s difficult to give a dollar value to other forms of compensation, but it’s still important to mention here. Compensation and company culture vary wildly from employer to employer, but similarly sized organizations tend to have a few things in common:
Larger organizations tend to offer some benefits (e.g., gyms, cafeterias, and daycare) that smaller organizations can’t reasonably fit into their budgets.
Smaller organizations are usually more flexible and offer greater access to management, so individuals have a greater say in the perks and fringe benefits available.
It’s really a personal choice when you decide what size company you want to work for, but you need to account for benefits that can affect your quality of life.
For example, daycare can be a considerable expense for young working families, and an on-site daycare could save thousands of dollars and dozens of hours in commuting each year. At the same time, some people dislike the bureaucracy that comes with larger organizations, and they’re happier at the end of the day if they have more leeway to pursue their own ideas.
According to the 2021 Robert Half Salary Guide, despite the challenges posed by the COVID-19 pandemic, hiring trends in accounting and finance continue to favor the job candidate. The guide reported that “…companies are recognizing that attracting and keeping capable accountants, analysts and auditors is critical in helping them regain their footing.” Companies are offering more flexible options, such as remote working, to maintain productivity. CPAs, risk analysts, and internal auditors, who can help companies improve their cash flow and navigate the financial instability ahead, are in high demand. This is a great time to go into accounting, and the CIA will help you land an even bigger starting salary at more competitive organizations.
Internal Auditor Salary Guide
A career as an internal auditor provides professionals with lucrative and satisfying opportunities examining financial records. Organizations rely on financial decision-making experts to help create a strong job market, which keeps the need for auditing professionals in high demand. In fact, the Bureau of Labor Statistics (BLS) projects this field to grow 6% from 2018 to 2028.
If you enjoy analyzing and crunching numbers, helping others make smart decisions, and studying economic trends, a career as an internal auditor may fit your needs. Read on for more information about internal auditor salaries, job growth prospects, and the education requirements needed to pursue this rewarding career.
LEARN MORE ABOUT A CAREER AS AN INTERNAL AUDITOR
HOW MUCH DO INTERNAL AUDITORS MAKE?
Internal auditors enjoy a comfortable pay rate for the high level of work they perform. According to the BLS, the average internal auditor salary was $70,500 in 2018. Keep in mind that this number fluctuates depending on experience, degree level, and location.
As with most professions, compensation for internal auditors varies by experience level. The following table breaks down the average internal auditor salary by years employed, beginning with less than a year and ending at 19 years. These numbers vary by job but should provide a good idea as to what you may earn as an internal auditor.
Salary by Degree
Different degree levels receive varying compensation rates. The following table illustrates the salary you might make based on the educational experience you hold. Many jobs don’t require a master’s degree, but receiving one can open up more career opportunities and often sets applicants apart from other applicants.
Median Salary: $69,000
Median Salary: $91,000
This career presents many opportunities for growth. Use the following chart to determine some potential jobs that follow an internal auditor career. Often, these jobs require experience, continued education, and additional certifications.
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What Are the Top States for Internal Auditor Pay?
A need for internal auditors exists throughout the U.S., but some states statistically hold more positions in this profession. The following table uses data from the BLS to display the top states for internal auditors. Even if the list leaves off your state, keep in mind that job growth continues in general for this career.
- CALIFORNIAAnnual Median Wage: $84,430
- TEXASAnnual Median Wage: $80,200
- NEW YORKAnnual Median Wage: $96,300
- FLORIDAAnnual Median Wage: $71,790
- ILLINOISAnnual Median Wage: $81,060
Internal auditors play a vital role in virtually every type of organization and business. Having an expert examine finances and assess current practices allows industry leaders to make confident financial decisions. The following table shows the top industries for internal auditors and their average annual salary.
|INDUSTRY||ANNUAL MEDIAN WAGE|
|Accounting, Tax Preparation, Bookkeeping, and Payroll Services||$83,710|
|Management of Companies and Enterprises||$80,020|
|Local Government, excluding schools and hospitals||$80,030|
|State Government, excluding schools and hospitals||$63,920|
|Management, Scientific, and Technical Consulting Services||$82,410|
ARE INTERNAL AUDITORS IN DEMAND?
Historical Career Growth
Internal auditors have historically been a necessity for businesses in the United States. Find more information about the field’s growth at Projections Central.
Future Career Growth
Job prospects remain high over the next ten years. Jobs in this field are projected to grow by 6% from 2018-28. Short-term growth looks promising as well, with all states projecting growth in varying amounts, the highest being Arizona, Utah, Georgia, Nevada, and North Carolina.
Top States for Job Growth
Each state projects different growth rates, but each also show growth over the next ten years. Consult the table below to view the top five states for job growth in this industry.
32.7% Change from 2016-2026
24.8% Change from 2016-2026
24.7% Change from 2016-2026
23.6% Change from 2016-2026
20% Change from 2016-2026
HOW DO INTERNAL AUDITORS COMPARE TO OTHER ACCOUNTING JOBS?
Internal auditors enjoy careers with competitive pay and benefits. Salary varies by job, but your experience typically affects overall pay. General accountants, which do not hold the same specialized credentials as internal auditors, generally earn an average of $52,200.
A career as an internal auditor often leads to higher paying careers that require more experience. This could include a project manager, which earns approximately $73,400 a year, and a financial controller, which earns on average $81,900.
TAKE THE FIRST STEP IN YOUR CAREER TODAY
EXPLORE ACCOUNTING DEGREE PROGRAMS
LEARN MORE ABOUT WHAT INTERNAL AUDITORS DO
EXPLORE MORE ABOUT INTERNAL AUDITORS
LEARN MORE ABOUT INTERNAL AUDITOR SALARIES AND JOB GROWTH
- Bureau of Labor StatisticsThe BLS’ Occupational Outlook Handbook includes key information about nearly every career, including accounting and auditor careers. Follow the link to learn more about job outlook, pay, responsibilities, and data specific to different states or areas.
- PayScale.comPayScale gathers salary information about different careers to compile general job statistics. You can also find information on job duties, demographic breakdowns, and typical career paths employees take.
- Projections CentralFor digestible data on projected job growth in different fields, Projections Central provides helpful career information. Users may break data down in several ways, including by state and long-term or short-term growth.
- Center on Education and the WorkforceProvided by Georgetown University, this helpful tool uses data from 137 college majors and the average wage earned by program graduates. Users may break it down by undergraduate or graduate degrees to see how the level of education affects salary.
- O-Net OnlineO-Net Online serves as a tool to find occupations that meet specific criteria and provides information on each of these careers. Career information includes typical duties, suggested skills, and wage details.
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What Internal Auditors Do—And How Much They Make
An internal auditing position within a company is a vital part of a company's infrastructure to help ensure smooth operations and compliance with laws and regulations.
As of 2021 (the most recent figures available from PayScale), the job market for internal auditors continues to flourish with healthy demand for the profession, making internal auditing an attractive career choice for those with a natural inclination toward math.
What Does an Internal Auditor Do?
The role of the internal auditor is that of an impartial watchdog, continuously making sure the company is in compliance with laws and regulations, as well as working to ensure that departments and employees follow proper procedures. An internal auditor audits fiscal statements, expense reports, inventory, and pretty much anything else that needs to be impeccable in case of an external audit by the Securities and Exchange Commission (SEC) or any other governmental regulatory body.
Another key aspect of the job is asset protection through risk management. These risks can range from fraud and legal exposure to internal policy lapses and mismanagement. Internal auditors create risk assessments for each department, using a master plan with a set schedule down to the most minuscule details to ensure nothing falls by the wayside.
They build checklists and supervise audit work schedules. It also falls on the internal auditor to continuously check the internal accounting procedures and operating systems. An internal auditor is not personally engaged in any department and is, thus, expected to approach each area impartially and objectively.
In publicly-traded companies, an internal auditor should directly report to an audit committee rather than the CEO or CFO to maintain objectivity and independence.
What Salary Do Internal Auditors Make?
The national average salary is approximately $60,000 according to PayScale, as of July 2021. Internal auditors report receiving bonuses that reach $1,700 on average.
The salary for internal auditors varies greatly depending on location and experience. The coastal areas such as New York City, Los Angeles, Seattle, Boston, and Houston have significantly higher average salaries across the board, while inland locations generally trend lower.
The average nationwide starting salary for entry-level auditors with zero to five years of experience is approximately $60,000 and increases fairly rapidly with experience.
- Experience internal auditors have many career path options.
- Many internal auditor jobs pay nearly $60,000 a year, as a starting salary.
- Internal auditors must be able to protect a company's assets via risk management skills and tools.
What Type of Education Is Most Common?
A bachelor's degree in accounting or finance is the most common job requirement. In rare cases, people with lower education have earned the position by starting in a junior accounting position and growing into the role through experience.
Master's and doctorate degrees are mostly found among those who are aiming to move into management. Business- and math-related fields dominate this type of degree.
What Certifications Are Required?
Many internal auditors find that achieving CPA status significantly helps their careers and salary prospects. It is also a requirement to file reports with the SEC. The CPA requirements vary by state, but the common minimum requirement is a bachelor's degree, at least one year of experience working under the guidance of a CPA and passing the grueling CPA exam.
The Certified Internal Auditor (CIA) designation is granted by the Institute of Internal Auditors (IIA) after passing a four-part test. The CIA also requires a bachelor's degree and two years of working experience as an internal auditor.
The IIA also offers the following specialized accreditations: Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), and Certified Financial Services Auditor (CFSA). These industry-specific certifications can greatly improve employability in these fields.
For those who wish to specialize in auditing software, they can pursue the Certified Information Systems Auditor (CISA) accreditation offered by the organization ISACA, a nonprofit, independent association that advocates for professionals involved in information security, assurance, risk management, and governance.
The Certified Management Accountant (CMA) designation is conferred by the Institute of Management Accountants (IMA) and focuses on financial statement analysis, valuation, and capital structure.
What Skills Does an Internal Auditor Need?
The most important quality of the internal auditor is great attention to detail. A significant part of the job is meticulously following detailed checklists and spending hours upon hours scanning numbers to catch anything that stands out. Being naturally proficient in math is an obvious advantage in this task.
Integrity is another must for the job, as the company and its owners rely on the auditor to catch everything suspicious or amiss. The auditor's primary allegiance is to hard facts and numbers rather than a manager.
Sound judgment and common sense are of great importance, as it is the auditor's job to find a healthy balance between risk and flexibility. The ability to understand the underlying business processes makes the control of policies a fluid part of the workflow rather than a bottleneck.
The ability to effectively communicate is also important. Despite the job being largely centered on numbers, the auditor also needs to communicate the findings and conclusions so it can be easily understood. Certain diplomacy and people skills come in handy when implementing new business controls and procedures. A good grasp of generally accepted accounting principles (GAAP) and Sarbanes-Oxley (SOX) is also a preferable skill.
What Is a Typical Career Path?
After some years as an internal auditor, the natural, and most common, the next step is to become a senior internal auditor. This position has an average salary of approximately $80,000 and shifts the focus more onto policy creation rather than policy enforcement.
The next step in the job level is an internal audit manager with a salary of approximately $101,000. This job focuses on managing the audit team and to act as a liaison with external auditors. Larger firms also offer the position of senior auditing manager, at an average salary of approximately $122,000, or internal audit director, at an average salary of $135,000. The final step is either a partner or a chief financial officer.
Another path from the job of an internal auditor is to first make a largely lateral move to senior accountant, at a salary of $69,000, and then go for the position of financial controller, at a salary of $85,000, followed by the CFO position. Even at later stages in a person's career, the field has a fairly-even gender balance with a slight majority of women working at the entry-level.
The Bottom Line
A job in internal auditing offers many opportunities to those interested in compliance and oversight, and with a background in mathematics. As the need for internal auditors continues to grow, there are a plethora of opportunities for job advancement in this field.