Associate Auditor salary in Iceland

Average Yearly Salary of Associate Auditor in Iceland is approximately 11,251,146 ISK (78,522 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Associate Auditor do?

An associate auditor is responsible for examining financial records, assessing internal controls, and ensuring compliance with regulations and policies. They work closely with senior auditors and management to identify areas of risk and provide recommendations for improvement. Their duties include conducting audits, analyzing data, preparing reports, and assisting in the development of audit plans. Associate auditors must possess strong analytical skills, attention to detail, and knowledge of accounting principles and auditing standards. They should also have excellent communication and interpersonal skills to effectively communicate findings and recommendations to stakeholders. This role requires a high level of integrity, as associate auditors handle sensitive and confidential information. Overall, associate auditors play a critical role in promoting transparency, accountability, and efficiency within organizations.

Skills: associate auditor, financial auditing, risk assessment, compliance, internal controls, data analysis
Job industry: Accounting

How much does Associate Auditor make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Associate Auditor a well paid job?

Yes, our data shows that Associate Auditor is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Associate Auditor?

High salary for Associate Auditor would be somewhere between 12,376,261 ISK and 16,314,162 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Associate Auditor in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 11,251,146 ISK
Estimated Monthly Salary: 937,596 ISK
Estimated Weekly Salary: 216,368 ISK per week
Estimated Hourly Salary: 5,409 ISK per hour
By working as Associate Auditor a person can save up to 3,815 USD per month or 45,776 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Associate Auditor

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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