It Audit Associate salary in Iceland

Average Yearly Salary of It Audit Associate in Iceland is approximately 10,142,313 ISK (70,762 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 It Audit Associate do?

An IT Audit Associate is responsible for evaluating and improving the effectiveness of an organization's IT systems. They conduct audits to assess the security, integrity, and compliance of information systems, identify risks or vulnerabilities, and recommend appropriate controls. IT Audit Associates also review IT policies and procedures, perform data analysis, and assist in the development of audit plans. They collaborate with cross-functional teams to ensure that IT controls are in place and aligned with industry standards and regulations. This role requires strong analytical skills, attention to detail, and knowledge of IT governance frameworks and best practices. IT Audit Associates often work in professional services firms or internal audit departments of organizations.

Skills: IT Audit, Information Systems, Risk Assessment, Compliance, Data Analysis, IT Governance
Job industry: Information technology

How much does It Audit Associate make?

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


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Salary comparison to National average

Is It Audit Associate a well paid job?

Yes, our data show that It Audit Associate is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for It Audit Associate?

High salary for It Audit Associate would be somewhere between 11,156,544 ISK and 14,706,354 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as It Audit Associate 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: 10,142,313 ISK
Estimated Monthly Salary: 845,193 ISK
Estimated Weekly Salary: 195,044 ISK per week
Estimated Hourly Salary: 4,876 ISK per hour
By working as It Audit Associate a person can save up to 3,168 USD per month or 38,016 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 It Audit Associate

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.

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Data as of 2025

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