Director of Internal Audit in Indianapolis, IN

Director of Internal Audit Job Description

A director of internal audits 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 chief audit executive or vice president of internal audit.

Typical director of internal audit duties:

Identifying, understanding and documenting processes and procedures surrounding internal controls

Monitoring and updating on a continual basis the assessment of the control environment, keeping abreast of significant control issues, trends and developments

Identifying and assessing the implementation of new controls as necessary

Developing test plans and coordinating the performance of management testing of internal controls required by Sarbanes-Oxley

Preparing 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 regulations

Identifying and designing anti-fraud criteria and controls

Monitoring and auditing the company’s compliance with established internal controls

Establishing procedures and plans for conducting internal control audits

Reporting findings to senior management and the company’s audit committee

Coordinating activities with external auditors to support their audit and review procedures

Hiring, training and retaining internal audit staff

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Salary for Director of Internal Audit in Indianapolis, IN

137740 - 221645

Low

137740

The candidate is new to the role or has limited experience and is building necessary skills.

Mid

194000

The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.

High

221645

The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.

Projected salaries for related positions

Job title

Low

Mid

High

Internal Audit Manager

112035

130950

153018

Senior Internal Auditor

87058

102578

118098

Internal Auditor

66688

83178

96758

IT Audit Manager

115673

141378

162960

Senior IT Auditor

88755

110095

124888

IT Auditor

68385

87058

97970

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels.

Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.