The purpose of this qualification is to prepare a learner to operate as an Internal Auditor. An Internal Auditor executes internal audit engagements under supervision of an Internal Audit Professional in accordance with the International Professional Practices framework in order to meet specific audit engagement objectives.
A qualified learner will be able to:
Identify process risks and controls for a designated area within the internal audit engagement.
Conduct field work in order to prepare working papers according to International Professional Practices framework (IPPF) standards.
Adhere to professional conduct in accordance with IPPF code of conduct.
Modules
Knowledge Modules:
242211000-KM-01, Fundamentals of Internal Auditing, Level 7, 24 Credits.
242211000-KM-02, Organisational Governance, Risk and Control, Level 7, 10 Credits.
242211000-KM-03, Organisational Fundamentals, Level 7, 10 Credits.
242211000-KM-04, Fundamentals of Fraud, Level 7, 9 Credits.
242211000-KM-05, Fundamental of Finance and Accounting, Level 7, 17 Credits.
Total number of credits for Knowledge Modules: 70.
Practical Skill Modules:
242211000-PM-01, Identify the context within which organisations function, the various external and internal influences and organisational processes and systems, Level 7, 7 Credits.
242211000-PM-02, Conduct operational risk and control assessment for processes under review, Level 7, 7 Credits.
242211000-PM-03, Map/flow chart operational systems and processes, Level 7, 7 Credits.
242211000-PM-05, Conduct field work and testing, Level 7, 14 Credits.
242211000-PM-07, Draft engagement findings, Level 7, 7 Credits.
242211000-PM-08, Apply due professional care, Level 7, 8 Credits.
242211000-PM-04, Prepare an Internal Audit engagement work programme, Level 7, 6 Credits.
242211000-PM-06, Capture and document results and evidence, Level 6, 7 Credits.
242211000-PM-09, Apply the principles and rules associated with relevant codes of ethics, Level 7, 2 Credits.
Total number of credits for Practical Skill Modules: 65.
This qualification also requires the following Work Experience Modules:
242211000-WM-01, Identify the context within the organisation to which the engagement applies and the various external and internal influences and organisational processes and systems related to the engagement, Level 7, 6 Credits.
242211000-WM-02, Conduct operational risk and control assessment for processes under review, Level 7, 24 Credits.
242211000-WM-03, Map/flow chart operational systems and processes, Level 7, 12 Credits.
242211000-WM-04, Prepare an Internal Audit engagement work programme, Level 7, 18 Credits.
242211000-WM-05, Conduct field work and testing, Level 7, 108 Credits.
242211000-WM-06, Capture and document results and evidence (At least four engagements), Level 6, 8 Credits.
242211000-WM-07, Draft engagement findings, Level 7, 28 Credits.
242211000-WM-08, Apply due professional care, Level 7, 4 Credits.
242211000-WM-09, Apply the principles and rules associated with relevant codes of ethics List of Experiences included in this module, Level 7, 2 Credits.
Total number of credits for Work Experience Modules: 210.
