Salary Overview
- Average Salary: The average salary for internal auditors in Las Vegas is approximately $85,000 per year.
- Salary Range:
- Entry-Level Auditors: Typically earn between $55,000 and $70,000.
- Mid-Level Auditors: Professionals with several years of experience earn between $70,000 and $95,000.
- Senior Internal Auditors: Senior auditors can command salaries of $95,000 to $120,000 or more, depending on their expertise and the organization.
- Bonuses and Benefits: Internal auditors often receive bonuses ranging from 5% to 10% of their annual salary, along with benefits packages that may include health insurance, retirement plans, and paid time off.
Job Description
1. Audit Planning
- Develop annual audit plans based on risk assessments.
- Identify areas of concern and prioritize audit activities.
- Coordinate audit schedules with relevant departments.
2. Risk Assessment
- Evaluate organizational risks and control weaknesses.
- Develop strategies to mitigate identified risks.
- Monitor changes in the business environment that may impact risk.
3. Fieldwork and Testing
- Conduct fieldwork to assess the effectiveness of internal controls.
- Test compliance with policies, procedures, and regulations.
- Document findings and recommendations for improvement.
4. Reporting
- Prepare audit reports detailing findings and recommendations.
- Present audit results to management and the audit committee.
- Follow up on action plans to ensure implementation of recommendations.
5. Internal Controls Evaluation
- Evaluate the effectiveness of internal control systems.
- Identify areas for improvement in processes and procedures.
- Assist in the development and implementation of control measures.
6. Compliance Auditing
- Assess compliance with applicable laws and regulations.
- Conduct audits of financial statements and reporting processes.
- Ensure adherence to company policies and industry standards.
7. Fraud Detection
- Identify and investigate potential fraud indicators.
- Conduct forensic audits as necessary to uncover fraudulent activities.
- Collaborate with legal teams to address fraudulent activities.
8. Stakeholder Communication
- Communicate audit findings and recommendations to stakeholders.
- Collaborate with management to develop solutions for identified issues.
- Provide training and guidance to staff on compliance and internal controls.
9. Continuous Improvement
- Stay updated on best practices in auditing and internal controls.
- Participate in professional development and training opportunities.
- Implement improvements based on feedback and audit findings.
10. Professional Standards Compliance
- Ensure compliance with professional auditing standards.
- Maintain independence and objectivity throughout the audit process.
- Participate in external quality assessments as required.
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