Director of Audit jobs are starting to return; but they are in the places they have always been (i.e. New York, Boston, California, DC) The reasons these jobs exist, then and now, is because they can't fill them. Why, because you can't afford to live in those areas on the salaries they want to pay. Starting salaries now are off at least 25% from what they once were with no signs of changing. In smaller markets it even worse. Case in point a Dir position in FL with a large company wanted someone with 10+ years of experienc and wanted to pay, get this, 80-85K. Someone willing to relocate can't because they can't sell their house and there is no relocation package. This isn't a recession, this is like living in a Steven King novel.