Graduate Certificate in Internal Auditing (GradCertIA)

About the GradCertIA

What is the GradCertIA?

The Graduate Certificate in Internal Auditing (GradCertIA) is an online postgraduate professional education program for those seeking to establish or further develop a career in internal audit, assurance, governance and risk.

The GradCertIA is designed to provide fundamental knowledge and skills in the field of internal auditing and related areas. It is relevant across the corporate, government and not-for-profit sectors. Approximately 180 students are enrolled each year across two semesters.

This program prepares graduates to take a comprehensive view of the business, whilst integrating the necessary technical aspects of internal auditing. It includes a strong focus on strategic thinking, broader business competencies and professionalism which promotes a sound pathway to an executive career and ensures graduates are well informed of the key elements within the Institute of Internal Auditors global body of knowledge and the associated professional standards.

Graduates gain the competencies to undertake professional work in a range of organisational contexts and demonstrate the application of knowledge and skills to make high level, independent judgements in planning, conducting and evaluating an internal audit in accordance with the International Professional Practices Framework (IPPF).

Entry options are available with or without a degree.

The GradCertIA fulfils one of the major requirements to become a Professional Member of the Institute of Internal Auditors – Australia (PMIIA). The postnominal PMIIA provides employers, peers and the community with a measure of the individual internal auditor’s professional competence, experience, commitment to implementing the IPPF internal audit standards and continuing professional development.

The program is fully accredited by the Tertiary Education Quality and Standards Agency (TEQSA),  which is the higher education regulatory body. It sits at level 8 of the Australian Qualifications Framework.

As well as being a professional association, IIA-Australia is also a TEQSA registered Institute of Higher Education. Our Provider Number is PRV12182.

IIA-Australia is a member of the Independent Higher Education Australia which is a leading peak body in higher education representing independent tertiary education providers. This gives us a network of similar organisations and enables us access to best practice in Australian education.

It has given me the confidence to take on more responsibility in my current, and as the CAE role when secondment opportunities present. I am better able to execute my role. A greater understanding of the IPPF has helped me to inform business process improvements for the audit function and a very successful external quality assessment.

Who should apply?

Although there is no prior experience required for Award applicants (those with a degree), due to the practical nature of the coursework, it is highly desirable that candidates are concurrently working in Internal Audit or a closely related area while studying for the GradCertIA. 

If you have any questions or are interested in finding out more, our Education team is here to help.

Contact:
Amanda Shepherd or Tara Twiddy
[email protected] or 02 9267 9155.

Testimonials

Course design and Rationale

The Graduate Certificate in Internal Auditing (GradCertIA) was developed to fill a professional education gap in the current Australian market for those engaged in the Internal Auditing (and related) profession. The course represents a coherently designed curriculum built around appropriately high level and integrated learning outcomes relevant to the Internal Auditing profession in Australia.

The GradCertIA is designed to create clear linkages between the knowledge and skills acquired and the practical workplace contexts of the professional internal auditor. It qualifies individuals to undertake professional work in the field of Internal Auditing by applying knowledge and skills in a range of organisational contexts. The GradCertIA supports the IIA-Australia’s aim to develop a fully qualified profession through offering a qualification program that is both relevant in Australian business and public sector contexts and seen as part of the broader Australian educational environment.

Module materials have been developed by very experienced subject matter experts and overseen by academic expertise. This ensures the content is relevant to the profession and is academically rigorous. Content is reviewed each semester to ensure current industry requirements are reflected. An Education Committee comprising academics and industry practitioners guide all elements of the GradCertIA.

Module Outlines

The Graduate Certificate in Internal Auditing (GradCertIA) consists of four (4) compulsory modules (subjects) worth 6 credit points each (a total of 24 credit points for the award of Graduate Certificate). The first three (3) modules are technical/skills based while the final (capstone) module focuses primarily on practical application of previous learning in the course in workplace contexts, as well as professional interpersonal and management skills.

This module equips students with the technical skills and knowledge to undertake a risk-based internal audit according to internationally accepted professional standards. The International Professional Practices Framework and the incorporated Code of Ethics are used to guide students as they evaluate their current practice and improve the quality of their audit work.

This module covers: 

  • The International Professional Practices Framework (IPPF)
  • Governance, risk management and control
  • Planning and performing the engagement
  • Communicating results and monitoring progress
  • Quality and control
  • Managing internal audit activity engagements

This module develops knowledge and understanding of legal, regulatory and economic environments in which Australian organisations operate and make decisions. The risk of fraud and ethical issues is also covered.

The legal, regulatory and trading (economic) environment is complex and can include traversing trade legislation and regulations, labour laws, copyright, privacy and cyber laws, civil and penal laws, taxation schemes, contract law as well as the nature and laws of legal evidence.

This module covers:

  • Ethics, ethical organisations and evaluating ethics
  • Legal and Regulatory Environment, including governance, the mandate for Internal Audit’s role, compliance mapping and assurance mapping
  • Fraud risk, prevention and investigation
  • Economic Environment, including the role of Government, macroeconomic issues and implications for Internal Audit

Covering key knowledge areas of the internal auditor competency framework, this module builds students’ knowledge and understanding of the systems and processes used to manage an effective business.

The principles of the key financial statements and how they relate to each other are covered. Numbers tell a story and internal audit uses trend and ratio analysis as a starting point for investigation.

The module will examine Information and Communications Technology (ICT) within organisations. It will consider the role of ICT and associated governance, risk management, control and audit processes.

This module covers:

  • Financial reporting and management accounting
  • Analysis and interpretation of financial statements
  • ICT Governance, ICT organisations and the role of the internal auditor
  • Auditing ICT projects
  • ICT Risks and the ICT Audit process
  • ICT General Controls and Application Controls
  • Cyber Security
  • Data Analytics
  • Business continuity management

Professional in Practice is the capstone module of the Graduate Certificate in Internal Auditing. As such, it aims to provide opportunities for students to demonstrate the application of knowledge and skills to make high level, independent judgements in planning, conducting and evaluating an internal audit in accordance with the IPPF.

Drawing on the three previous modules, this module will focus on the non-technical skills that will enable students to lead and effect change, and to communicate and influence all levels of the organisation. Students have the opportunity to consolidate their knowledge and hone their problem-solving skills, preparing them to deliver high-quality internal audit services and manage a value-adding internal audit program.

This module covers:

  • Influence and communication
  • Leadership and teamwork
  • Conflict resolution and negotiation
  • Change management
  • Culture and risk management
  • Digital governance
  • Capstone case studies

Each of the four modules that will make up the course will be conducted over a single semester.

Each module will be conducted over a 14 week semester with the expectation that candidates will spend 144 hours in total over the semester engaged in private study, participating in interactive learning opportunities and completing assessment requirements. Each semester will consist of a 12 week teaching period plus a 2 week period (Weeks 13 and 14) set aside for candidates to complete their major assessment task.

Note: Module 1 must be done before other modules and modules 1, 2 and 3 completed (or via Recognition of Prior Learning where available) before undertaking module 4. 

Student Representation

Each semester the IIA –Australia asks for students enrolled in Modules 2-4 to nominate as the student representative. The student representative’s role is to engage with other students and bring feedback to the Education Committee. This includes any issues experienced by students generally (the role is not an advocate for individual grievances). It also provides the opportunity to suggest and raise opportunities for improvement to the GradCertIA.  

The student representative’s role can be fulfilling and offers exposure to governance processes.   When there is a vacancy, there will be a call for nominations via the IIA-Australia Company Secretary and on Moodle.  

Diversity and Equity Support

IIA-Australia is committed to providing an environment that is equitable and supportive for all staff and students, free of conscious and unconscious bias, with equal opportunities for access to and success in education.

We provide equivalent opportunities for access and success for historically disadvantaged or underrepresented student populations as well as other groups protected in Equal Opportunity and anti-discrimination legislation.

If you feel you have been unfairly treated or require support, please contact the Registrar. The Human Rights Commission can also provide assistance and offers a complaints service, www.humanrights.gov.au.

GradCertIA students can also refer to P8 – Student Support and Wellbeing Policy for information on support offered and services available.

FAQs

Internal audit is a dynamic profession involved in helping organisations achieve their objectives. It is concerned with evaluating and improving the effectiveness of risk management, control and governance processes in an organisation.

The IIA-Australia is the leading body representing internal auditors.

The GradCertIA is a postgraduate education program for professionals who are seeking to establish or further develop a career in internal audit, governance and risk. It fully accredited and sits at level 8 of the Australian Qualifications Framework (Provider Number PRV12182).

The GradCertIA is designed to provide fundamental knowledge and skills in the field of internal auditing and related areas. It is relevant across the corporate, government and not-for-profit sectors.

Each module is delivered fully online. Candidate learning is supported by tutors; comprehensive module learning materials; a web-based Learning Management System (Moodle) and webinars.

The GradCertIA consists of four modules worth 6 credit points each. The first three modules are technical/skills based while the final module focuses primarily on practical application of learned principles in workplace contexts, as well as professional, interpersonal and management skills. Recognition of Prior Learning is available for modules 2 and/or 3.

MODULE 1 – Risk-Based Internal Auditing

MODULE 2 – Legal and Regulatory Environment

MODULE 3 – Organisational Systems and Processes

MODULE 4 – Professional in Practice

  • Professionals seeking to establish or further develop a career in internal audit, governance and risk 
  • Practitioners with or without an undergraduate degree
  • Candidates requiring flexibility as the course is conducted online
  • Aspiring internal auditors seeking practical content developed by the profession for the profession
  • Individuals wanting to apply for Professional Membership with the IIA-Australia
  • Organisations who want to develop an internal audit team that will take a comprehensive view of the business and the environment in which it operate

There are two semesters each year, usually early March and early August. All four modules are offered each semester.

There are five years available to complete the GradCertIA.

Assessment is measured through participation, webinars, assignments, quizzes and reflective journals. There are no exams.

You can apply with or without a degree. If you don’t have a degree you will need two years’ experience in internal audit or a related field.

Your degree can be from any discipline. If it is from another country, we can discuss any additional criteria.

This is RPL available for modules 2 and/or 3. Modules 1 and 4 are compulsory.

Alex Wilson or Tara Twiddy

[email protected] or 02 9267 9155.

Apply for the GradCertIA

Note: An Experience Verification Form (for non award entry) will be provided for completion once your application is received.

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