Internal Auditor Compensation Study Launches
Internal Auditor Compensation Study LaunchesThe IIA partners with HR consultants to validate salary surveyALTAMONTE SPRINGS, Fla. -- While celebrating May as International Internal Audit Awareness Month, The Institute of Internal Auditors (IIA) today launched the most comprehensive study of U.S. compensation in the internal audit profession."We expect the results of this study to tell us a lot about the demand of this growing profession - whether internal auditors are being paid competitively - which professional attributes and qualifications garner a higher salary - there's a lot to learn in this area," said Donna Batten, director of the Global Audit Information Network, The IIA's benchmarking division that is championing the initiative. "The Institute and other organizations have conducted salary surveys in the past, but never at this depth. And because of the method of data collection, the results will be useful to a wide range of audiences."Being performed in partnership with leading human resources consulting firm Harrington & Associates, Inc., the study is leveraging resources that will enhance its validity and credibility, providing human resources departments, internal audit activities, audit committees and senior management a rich resource for benchmarking. The internal audit profession has grown dramatically in the last several years, with The IIA's membership increasing 58 percent since 2004. Previous studies have shown the demand for internal auditors to drive salaries up as much as 18 percent over a two-year period.Once complete, The IIA's 2008 compensation study results will be available for purchase electronically, on CD, and in print. A feature story in the October issue of Internal Auditor magazine will also summarize and discuss the results. The study is being conducted as an on-line survey on The IIA's web site at www.theiia.org/compstudy, and closes on June 15, 2008.With members in 165 countries, The Institute of Internal Auditors (IIA) is an international professional association, and is the internal audit profession's global voice, standard-setter, and resource for professional development and certification.###Contact: Scott McCallumOffice: 407-937-1247 Cell: 321-246-7649Scott.McCallum@TheIIA.org