Chief Audit Executive/Vice President, Internal Audit/Internal Audit Director

Chief Audit Executive/Vice President, Internal Audit/Internal Audit Director Job Description

Chief audit executives need advanced experience with financial and accounting applications, financial and operational controls, and with GAAP, Sarbanes-Oxley and COSO framework requirements. Professionals should have strong critical thinking, communication and technology skills. Candidates generally must have at least seven years’ experience in auditing, including in public accounting and industry. Firms seek individuals who possess a bachelor’s degree in accounting or finance, along with an MBA, and certifications such as a CIA or CPA. Travel is often required for this position. Depending on the organization, the title for this position also could be internal audit director or vice president of internal audit.

Typical chief audit executive/vice president, internal audit/internal audit director duties:

Identifying, understanding and documenting processes and procedures surrounding internal controlsMonitoring and updating on a continual basis the assessment of the control environment, keeping abreast of significant control issues, trends and developmentsIdentifying and assessing the implementation of new controls as necessaryDeveloping test plans and coordinating the performance of management testing of internal controls required by Sarbanes-OxleyPreparing and updating a comprehensive risk-based audit plan for evaluating the effectiveness of controls in place to manage significant risk exposures, ensure the integrity and reliability of information and financial reporting, safeguard company assets, and comply with laws and regulationsIdentifying and designing anti-fraud criteria and controlsMonitoring and auditing the company’s compliance with established internal controlsEstablishing procedures and plans for conducting internal control auditsReporting findings to senior management and the company’s audit committeeCoordinating activities with external auditors to support their audit and review proceduresHiring, training and retaining internal audit staff

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Accounting Functions
Audit Committee
Audit Program
Auditing
C-Suite
Cerner Technologies
CobiT
Compliance
Concur
Costpoint
Salary for Chief Audit Executive/Vice President, Internal Audit/Internal Audit Director
138250 - 223250
25th percentile
138250
New to the role, with little or no experience; requires more than casual instruction or supervision to perform day-to-day duties
50th percentile
194250
Has the experience to consistently perform core responsibilities without direct supervision; very comfortable with processes and subject matter associated with the role
75th percentile
223250
Value to the organization goes far beyond the ability to perform normal job duties; has rare qualifications that enable consistent contribution in unique ways; ready for next career level when available
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Manager of Internal Audit – Corporate Accounting 108250 129000 154500 Senior Internal Auditor – Corporate Accounting 84000 100750 118750 Internal Auditor, 1-3 Years' Experience – Corporate Accounting 66250 82750 96500 Entry-Level Internal Auditor – Corporate Accounting 50250 55500 62500

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