Auditors Salaries In South Africa

An auditor is a person or a firm appointed by a company to execute an audit. To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications.

Below Is Auditors Salaries In South Africa

A person working as an Auditor in South Africa typically earns around 31,000 ZAR per month. Salaries range from 16,100 ZAR (lowest) to 47,500 ZAR (highest).

This is the average monthly salary including housing, transport, and other benefits. Auditor salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Auditor Salary Distribution in South Africa

The median, the maximum, the minimum, and the range

Salary Range

Auditor salaries in South Africa range from 16,100 ZAR per month (minimum salary) to 47,500 ZAR per month (maximum salary).

Median Salary

The median salary is 29,800 ZAR per month, which means that half (50%) of people working as Auditor(s) are earning less than 29,800 ZAR while the other half are earning more than 29,800 ZAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

Percentiles

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Auditor(s) are earning less than 20,700 ZAR while 75% of them are earning more than 20,700 ZAR. Also from the diagram, 75% of Auditor(s) are earning less than 37,100 ZAR while 25% are earning more than 37,100 ZAR.

Auditor Salary Comparison by Years of Experience

How does experience and age affect your pay?

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down External Auditor salaries by experience level and this is what we found.

An External Auditor with less than two years of experience makes approximately 18,300 ZAR per month.

While someone with an experience level between two and five years is expected to earn 24,600 ZAR per month, 34% more than someone with less than two year’s experience.

Moving forward, an experience level between five and ten years lands a salary of 32,000 ZAR per month, 30% more than someone with two to five years of experience.

Additionally, External Auditor(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 38,700 ZAR per month, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 42,300 ZAR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 44,500 ZAR per month, 5% more than people with fifteen to twenty years of experience.

 Auditor average salary change by experience in South Africa

0 – 2 Years18,300 ZAR
2 – 5 Years+34%24,600 ZAR
5 – 10 Years+30%32,000 ZAR
10 – 15 Years+21%38,700 ZAR
15 – 20 Years+9%42,300 ZAR
20+ Years+5%44,500 ZAR

Auditor Salary Comparison By Education

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down External Auditor salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an External Auditor is 21,800 ZAR per month.

While someone with a Bachelor’s Degree gets a salary of 33,100 ZAR per month, 52% more than someone having a Certificate or Diploma degree.

A Master’s Degree gets its holder an average salary of 46,900 ZAR per month, 42% more than someone with a Bachelor’s Degree.

Auditor average salary difference by education level in South Africa

Certificate or Diploma21,800 ZAR
Bachelor’s Degree+52%33,100 ZAR
Master’s Degree+42%46,900 ZAR

Auditor Salary Comparison By Gender

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Auditor employees in South Africa earn 8% more than their female counterparts on average.

Male32,400 ZAR
Female-7%30,000 ZAR

Auditor Average Annual Salary Increment Percentage in South Africa

How much are annual salary increments in South Africa for External Auditor(s)?

How often do employees get salary raises?

Auditor

External Auditor(s) in South Africa are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Auditor Bonus and Incentive Rates in South Africa

How much and how often are bonuses being awarded?

An Auditor is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

48% of surveyed staff reported that they haven’t received any bonuses or incentives in the previous year while 52% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
52%

No Bonus
48%

Auditor Average Hourly Wage in South Africa

The average hourly wage (pay per hour) in South Africa is 180 ZAR. This means that the average Auditor in South Africa earns approximately 180 ZAR for every worked hour

How much is an auditor paid in South Africa?

Find out what the average Audit salary is

The average audit salary in South Africa is R 540 000 per year or R 277 per hour. Entry-level positions start at R 300 000 per year, while most experienced workers make up to R 7 282 500 per year.

How much does a certified internal auditor earn in South Africa?

The average internal auditor salary in South Africa is R 1 930 400 per year or R 990 per hour. Entry-level positions start at R 300 000 per year, while most experienced workers make up to R 6 911 700 per year.

How do I become an auditor in South Africa?

Obtaining an academic qualification.

Become a member of the Institute.

Go through the IIA SA’s Professional Training Program.

Write the CIA exam as the final test of competence.

How long does it take to become an auditor in South Africa?

It takes a minimum of 18 months. You must do this period at an auditing firm that is registered with the IRBA. During this period you will gain experience in auditing at a more senior level, you will also be involved in tasks that are more complex. This means that you become a specialist as an auditor.

Where can an auditor work in South Africa?

Internal auditors work in offices as part of a company’s staff, and will perform audits for all the various departments. External auditors run yearly audits (typically at the end of every fiscal year), for government offices or outside firms.

Do auditors work long hours in South Africa?

Most accountants and auditors work full time. Some work more than 40 hours per week. Longer periods of work are typical at certain times of the year, such as at the end of the budget year or during tax season.

IS auditor a hard job in South Africa?

The final misconception about auditing is that employees do not have work-life flexibility. “Auditors work hard but we also have a pretty good work-life balance,” says Ashley, an auditor from Miami who refers to that balance as one of the key benefits of the job.