Audit Specialist salary in Iceland

Average Yearly Salary of Audit Specialist in Iceland is approximately 11,702,364 ISK (81,691 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 Audit Specialist do?

An audit specialist is responsible for evaluating and examining financial records, statements, and documentation to ensure compliance with regulations and internal controls. They analyze data, identify potential risks, and make recommendations for improvements in financial processes and procedures. Audit specialists work closely with internal teams and external auditors to conduct audits, identify areas of concern, and provide guidance on best practices. They also review and assess the effectiveness of internal controls, risk management systems, and operational processes. Additionally, audit specialists may be involved in conducting investigations into potential fraud or misconduct, and providing support during external audits or regulatory inspections.

Skills: Audit specialist, Financial analysis, Compliance, Risk management, Internal controls, Investigative skills
Job industry: Accounting

How much does Audit Specialist make?

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


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Salary comparison to National average

Is Audit Specialist a well paid job?

Yes, our data shows that Audit Specialist 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 Audit Specialist?

High salary for Audit Specialist would be somewhere between 12,872,600 ISK and 16,968,428 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Audit Specialist 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: 11,702,364 ISK
Estimated Monthly Salary: 975,197 ISK
Estimated Weekly Salary: 225,045 ISK per week
Estimated Hourly Salary: 5,626 ISK per hour
By working as Audit Specialist a person can save up to 4,079 USD per month or 48,945 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 Audit Specialist

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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