The chief audit executive (CAE), director of audit, director of internal audit, auditor general, or controller general is a high-level independent corporate executive with overall responsibility for internal audit.
Career Path of a Financial Auditor
With adequate experience and a record of good performance, both external and internal financial auditors can typically move into more senior positions with responsibility for complex audit projects. Senior financial auditors plan audits and lead audit teams to complete projects.
Dead-end jobs such as an internal auditing position within a firm, according to CFO.com, should only be considered and accepted if an individual has a pre-calculated exit strategy so that one is not stuck permanently within a position of no opportunities.
Internal Auditor salary in India ranges between ₹ 1.4 Lakhs to ₹ 12.0 Lakhs with an average annual salary of ₹ 3.4 Lakhs.
Which big 4 accounting firm pays the most? Well it depends on which practice you want to go into. If you want to make the most money in consulting, Deloitte pays the best. However if you want to make the most money in auditing or tax PwC is likely your best bet.
Senior Internal Auditor salaries at NAB - National Australia Bank can range from $115,036-$123,051. This estimate is based upon 1 NAB - National Australia Bank Senior Internal Auditor salary report(s) provided by employees or estimated based upon statistical methods.
If you are an auditor, the chances are you'll observe wryly that pressure really is just the rhythm of life! Deadlines, budgets, dealing with difficult relationships, circumventing obstacles, you experience pressure in all aspects of your life and work most of the time.
Most practitioners who eventually serve as CEO have a short tenure in internal audit, and usually early in their career.
Although internal auditing offers a better work life balance than external auditing — not to mention being lucrative, with plenty of room for career growth — the ebbs and flows of the role can be stressful.
The first steps are an Assistant Auditor and Auditor; the next position is a Senior/Chief Auditor. Higher positions involving project management and client relationships management are Managers, Senior Managers and Directors.
Becoming an auditor requires patience, dedication, and strong technical skills. However, it offers excellent job security and reasonable remuneration for those willing to work.
$115,000 - $147,000. According to our salary calculator, the average annual salary for Senior Internal Auditors working in Sydney is $115,000 - $147,000.
The Big Four accounting firms
The leading accounting firms in the world are Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and Klynveld Peat Marwick Goerdeler (KPMG). The firms provide their clients with various professional services that include auditing, corporate finance, and legal advice.
Auditors come in behind accountants and verify the work they do. They examine the financial statements prepared by accountants and ensure they represent the company's financial position accurately.
1. Further your education. In the past, finance chiefs almost always rose from the accounting department, going from staff accountant or internal auditor to director of finance, controller, or audit manager, and finally to the top post.
Good job prospects
Large accounting firms offer auditing services because they want to protect their clients from fraud and ensure their financials are accurate. This means that, regardless of the industry, there's usually a demand for auditors who have the appropriate skills and qualifications.
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.
The average audit partner in our sample has, on a scale from 1 to 9, an IQ score of 6.82, which is higher than the average IQ of the rest of the population, which is 5.0.
At a Big 4 firm, busy season can mean long hours of auditing or tax compliance and lots of stress. 60-100-hour work weeks are not uncommon. A mid-sized firm typically offers a better work/life balance, more hands-on experience, broader industry exposure, and higher pay.
Jobs in the field of accounting and auditing can come with high salaries. The median wage for this occupation is well above the median salary for all occupations in the United States.
Senior Audit Manager salaries at ANZ can range from $160,188-$175,091.
The highest paying role reported at NAB is Solution Architect at the Common Range Average level with a yearly total compensation of $182,963. This includes base salary as well as any potential stock compensation and bonuses.
Internal Auditor salaries at Woolworths Group can range from $98,464-$107,209.