Pay and benefits
Reaping the rewards
Rates of pay for internal auditors may vary, depending on the employer, qualifications and location.
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A new graduate with no internal audit experience could expect to earn up to £25,000
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Once qualified with the Diploma in Internal Audit Practice, internal auditors can expect to earn £35,000
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Those with the Advanced Diploma in Internal Auditing and Management can expect up to £40,000
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A head of internal audit could earn £50,000 upwards, depending on location and sector.
Hours and travel
An internal auditor will usually work a standard 35-hour week. As with most jobs, additional hours may be required to meet deadlines, including weekends and evenings.
Most internal audit work is office based but internal auditors often have to travel to client’s premises, including regional and local sites and warehouses. This may involve nights away or travel overseas.
Annual employment survey
Every year the IIA undertakes an employment survey. In 2007 the survey was conducted on behalf of the IIA by Audit Professionals and the results appeared as a supplement in the June edition of the IIA's member magazine, Internal Auditing & Business Risk.
The report contains a summary of the current job market as well as employee and and employer perceptions and expectations and makes fascinating reading for anyone wanting to work, or already working in intenal audit.
To see the results of the survey, please click here 2007 Employment survey