Internal Audit Jobs in Los Angeles, California: Salary Overview and Job Description

Los Angeles, California, a hub for the entertainment, technology, and healthcare industries, offers lucrative career opportunities for Internal Audit professionals. This article provides an in-depth overview of Internal Audit jobs in Los Angeles, including salary ranges and a detailed job description.

Salary Overview

Internal Audit salaries in Los Angeles vary based on factors such as industry, company size, experience, and certifications.

– Internal Audit Analyst (0-3 years): $60,000-$80,000 per year

– Senior Internal Audit Analyst (4-7 years): $80,000-$110,000 per year

– Internal Audit Manager (8-12 years): $110,000-$140,000 per year

– Senior Internal Audit Manager (13+ years): $140,000-$170,000 per year

Job Description

Key Responsibilities:

1. Audit Planning: Plan and execute audit engagements.
2. Risk Assessment: Identify and assess business risks.
3. Control Evaluation: Evaluate internal controls.
4. Audit Testing: Perform audit testing and evaluation.
5. Financial Analysis: Conduct financial analysis and review.
6. Compliance Audit: Ensure compliance with regulations and policies.
7. Process Improvement: Identify areas for process improvement.
8. Reporting: Prepare and present audit reports.

Requirements:

1. Education: Bachelor’s degree in Accounting, Finance, or related field; CPA or CIA preferred.
2. Experience: Minimum 2-5 years of audit experience.
3. Language Skills: Fluency in English.
4. Technical Skills: Proficiency in audit software, such as ACL, IDEA, or Excel.
5. Soft Skills: Strong analytical, communication, and problem-solving abilities.

Industry-Specific Requirements:

1. Entertainment: Knowledge of film and television production financing.
2. Technology: Familiarity with software development and project management.
3. Healthcare: Understanding of medical accounting and billing.

Career Path and Progression:

1. Internal Audit Analyst: Senior Internal Audit Analyst
2. Senior Internal Audit Analyst: Internal Audit Manager
3. Internal Audit Manager: Senior Internal Audit Manager
4. Senior Internal Audit Manager: Director of Internal Audit

Challenges and Opportunities:

1. Regulatory Complexity: Navigate complex regulatory environment.
2. Economic Volatility: Manage financial risks amidst economic uncertainty.
3. Growth Opportunities: Identify emerging opportunities in internal audit.
4. Talent Development: Attract and retain top internal audit talent.

Skills Required:

1. Audit planning and execution
2. Risk assessment and management
3. Control evaluation
4. Audit testing
5. Financial analysis
6. Compliance audit
7. Process improvement
8. Reporting
9. Communication and interpersonal skills
10. Technical skills in audit software

Average Salary Growth Rate: 5-7% per annum

Job Satisfaction Rate: 8/10

Conclusion:

Internal Audit jobs in Los Angeles offer challenging and rewarding career opportunities. With competitive salaries and growing demand, Los Angeles is an attractive destination for Internal Audit professionals

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