2014 Internal Audit Compensation Study, The - Download PDF

  • Item No. : 1049.dl
  • ISBN : 9780894136290
  • Publisher : The Institute of Internal Auditors
  • Publish Date : 2014
  • Language : English
  • Media : Download
  • Member Price : $298.00
  • Non-Member Price : $398.00

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The IIA 2014 Internal Audit Compensation Study report summarizes pay practice information for 461 organizations in the United States and 55 organizations in Canada, representing the largest response rate in four years. Of these, 260 U.S. organizations and 29 Canadian organizations provided salary data for 2,195 internal audit professionals. Salary and pay practice data were collected directly from employers rather than individual internal auditors. Therefore, the results provide current pay practices for the organizations as a whole and for the internal audit profession. The goal of this report is to present relevant information in a clear and concise format to assist internal auditors and employers in assessing current pay practices and to plan for the future.

This report, based off the results from the 2014 Compensation Study questionnaire and detailed salary information, identifies trends impacting internal auditors:
 
  • Upward trend of salary increases continues in the United States.
  • Fewer internal audit functions are performing financial audits.
  • Specialized audit skills correlate with higher median salaries.
  • Experience, education, and certification continue to correlate with higher pay.
The report is arranged in multiple sections:
 
  • Demographic information about the employers responding to the survey.
  • Salary trends and current retention strategies.
  • Factors impacting salary trends.
  • Salary results for internal auditor positions (refer to Appendices A and B).