Internal Auditing Manager salary in Iceland

Average Yearly Salary of Internal Auditing Manager in Iceland is approximately 19,935,627 ISK (138,885 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 Internal Auditing Manager do?

The occupation of an Internal Auditing Manager involves overseeing and managing a team responsible for conducting internal audits within an organization. They are responsible for developing and implementing audit plans, ensuring compliance with regulations and policies, and evaluating the effectiveness of internal controls. The Internal Auditing Manager also identifies areas of risk and provides recommendations for improvement to enhance operational efficiency and mitigate potential risks. They collaborate with various departments to gather and analyze data, prepare audit reports, and communicate findings and recommendations to senior management. This role requires strong analytical and problem-solving skills, attention to detail, and the ability to work independently and as part of a team.

Skills: Internal Auditing Manager, Audit Management, Risk Assessment, Compliance, Internal Controls, Operational Efficiency.
Job industry: Finance

How much does Internal Auditing Manager make?

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


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Salary comparison to National average

Is Internal Auditing Manager a well paid job?

Yes, our data show that Internal Auditing Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Internal Auditing Manager?

High salary for Internal Auditing Manager would be somewhere between 21,929,190 ISK and 28,906,659 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Internal Auditing Manager 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: 19,935,627 ISK
Estimated Monthly Salary: 1,661,302 ISK
Estimated Weekly Salary: 383,377 ISK per week
Estimated Hourly Salary: 9,584 ISK per hour
By working as Internal Auditing Manager a person can save up to 8,845 USD per month or 106,139 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 Internal Auditing Manager

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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