Internal Auditor Salary in South Africa

People with a business bachelor’s degree and a passion for working in finance can benefit from the internal auditor role. The average interior auditor salary in South Africa is around R29,775 per month.

Occupation:	Internal Auditor
Monthly Salary Range:	R 14500 – R 46000
Average Monthly Salary:	R 30333
Description:	Internal auditors must read, examine, and analyze financial documents and company records.
Minimum Qualification:	A bachelor’s degree in business discipline (accounting, finance, management, public administration, computer science, etc).

Want to know more about the job’s responsibilities? Don’t know where you lie in the salary chart? Keep reading this guide on the salary prospects of an internal auditor.

Internal Auditor Salary Overview

Internal auditors are responsible for examining and analyzing company financial records to detect risks, irregularities, and fraud. An average internal auditor in South Africa earns around R30,000 per month, with salaries ranging from R14,500 at entry-level positions to R46,300 for experienced professionals.

The median annual salary for internal auditors is around R361,500, meaning half the workforce earns less, and half earns more. Approximately 25% of internal auditors earn below R239,300, while 75% earn above R467,100.

Extras

Internal auditing is a moderate-bonus-based profession. Around 55% of internal auditors receive annual bonuses, typically ranging from 3% to 6% of their yearly salary.

Salary Structure

Level of Experience

Years of Experience	Average Yearly Salary (ZAR)
Less than 2 years	207,800
2 to 5 years	265,000
5 to 10 years	367,900
10 to 15 years	455,400
15 to 20 years	485,200
More than 20 years	519,300

Gender

Gender	Average Salary (ZAR)
Male	367,900
Female	340,400

City of Allocation

City	Average Yearly Salary (ZAR)
Bloemfontein	332,500
Cape Town	424,300
Durban	371,100
Johannesburg	365,400
Port Elizabeth	359,900
Pretoria	361,500

Responsibilities of an Internal Auditor

• Financial Document Examination: Review and analyze company financial records to provide insights on risks, fraud, or errors.
• Fraud and Theft Detection: Detect internal frauds or thefts, including misuse of funds or resources.
• Communication: Present findings in reports and meetings to finance teams or management.
• Risk Management: Evaluate financial and operational risks, recommending improvements.
• Compliance Analysis: Ensure company policies and industry regulations are being followed.

FAQs

What is the median salary of an internal auditor?
Approximately R361,500 per year.

How much does an average internal auditor earn in South Africa?
Around R30,000 per month, totaling roughly R357,300 annually.

How much can an experienced internal auditor make?
Up to R555,800 per year depending on expertise and company.

Do you need a degree to become an internal auditor?
Yes, a bachelor’s degree in accounting, finance, auditing, business, or a related field is required.

What is the starting salary of internal auditors in South Africa?
Approximately R14,350 per month for entry-level positions.

Internal auditing is a reputable and rewarding career for anyone with a business-related degree. Apart from competitive salaries, the role offers opportunities for growth, bonuses, and career advancement.degree who wants to work in a financial firm. Aside from notable salaries, employees also get bonuses and scope to grow. I hope this guide has been helpful for anyone interested in knowing more about the internal auditor salary.