Internal Audit Management and Consultancy - MSc

Attendance:
Full Time, Part Time, Distance Learning
Starting:
October 2017
Campus:
Fees:
£7,900 per year for UK/EU Full Time 2017 entry (view all fees)

Designed to equip those working within or intending to join the internal audit profession with the conceptual understanding, knowledge and skills to contribute positively to the organisations that they work for, our Internal Audit Management and Consultancy course will help to develop you into a director, manager or consultant in today's challenging but rewarding audit sector.

Close ties with the Chartered Institute of Internal Auditors UK & Ireland (IIA UKI) and accreditation from the Internal Auditing Educators Partnership program from the IIA Inc. ensures our course is fresh and relevant.

Our course is designed to enhance your skills and train you to become a qualified internal auditor, manager and head of department. Past graduates have gone on to work with high-profile organisations, including Cancer Research UK, the Department of Work and Pensions and Royal Bank of Scotland.

With the drive across the globe for integrated reporting to increase transparency, increased regulation such as the introduction of the Sarbanes Oxley Act in the US, and the general publics access to real time information, boards and their audit committees are ever more in need of independent and objective assurance and internal audit has a vital role to play in providing this.

What's covered in the course?

This course covers not just the operational aspects of internal auditing, but also the strategic and tactical. It considers internal audit’s role in many key risk areas that organisations face, such as ethics, CSR and sustainability, and examines how internal audit can influence an organisation and be a catalyst for change. It also looks at innovation within an organisation and specifically for internal audit, and you will have the opportunity to complete a research project of your choice relating to the field.

We encourage your communication and confidence with active learning methods, such as group work, seminars, debates and quizzes. The assessments are designed to mirror an internal auditor’s working life as far as possible, and many students comment on how this has helped them improve their skills at work.

Why Choose Us?

  • We are an established team with over 20 years’ experience of delivering courses accredited by the Chartered Institute of Internal Auditors (IIA) and the Internal Auditing Educations Partnerships (IAEP).
  • We now boast a Route to Chartered Status from the IIA UK
  • The Centre prides itself on its extremely high pass rates.
  • The lecture team is supported by guest speakers, who regularly visit to provide valuable practitioner insight.
  • We get to know our students as individuals and support their specific needs, or signpost them to other areas of the University that can provide additional, complimentary support.
  • The delivery is flexible so you can choose full-time or part-time with block release and distance learning as options. This means you can fit your studies alongside work and personal commitments.
Visit our open day

Postgraduate Open Day

Our next Postgraduate Open Day will be on Wednesday 26 April 2017, between 2pm and 7pm. Come along to find out more about our courses and see our facilities. You can't book your place just yet, but register your interest and we'll send you an email when you can book.

Register your interest

This course is open to International students

*Postgraduate Taught Experience Survey 2016

New £10,000 postgraduate loans

You may be able to take advantage of the government’s plans to make loans of up to £10,000 available for postgraduate study.

More about postgraduate loans

Entry Requirements

UK students
Essential

A First Class degree from a UK University or international equivalent

OR Certified Internal Auditor (CIA) global base qualification / Relevant professional qualification from the PIIA.

OR Relevant professional experience of at least 1 year

In recognition that many students may already have a relevant professional qualification, Accreditation of Prior Experiential Learning (APEL) for individual modules and / or stages may be given on a case by case basis. 

International students
Essential

In addition to the above requirements where English is not your first language, you must be able to furnish satisfactory evidence of a level of attainment in English language commensurate with study at Masters Level at Birmingham City University.

In most cases, a TOEFL score of at least 575 or an IELTS score of 6.5 average or 6.0 in all bands or an alternative qualification evidencing an equivalent competence in English will be required.

UK or EU students

Award Start Mode Duration Fees
MSc Oct 2017 FT 1 Year £7,900 per year
PT 3 Years See below
DL 3 Years TBC

If you're unable to use the online form for any reason, you can complete our PDF application form instead.

International Students

Award Start Mode Duration Fees
MSc Oct 2017 FT 1 Year £12,000 per year
PT 3 Years See below
DL 3 Years TBC

If you're unable to use the online form for any reason, you can complete our PDF application form instead.

You will need to apply online direct to the university for this course. A link to the form will be available soon as well as details of the course fee. We'd like to send you an email once the link is available to save you checking back - just sign up for an update.

The University reserves the right to increase fees broadly in line with increases in inflation, or to reflect changes in government funding policies or changes agreed by Parliament.

Your personal statement

Your personal statement is a highly important part of your application. It gives you a crucial opportunity to say why you’re applying and why the institution should accept you.

Here are the key areas you’ll need to address:

Course choice

Why does this course appeal? What areas are of particular interest?

Career plans

If you have a specific career in mind, say how your chosen course will help you pursue this goal.

Work experience

Mention any work that is relevant to your subject, highlighting the skills and experience gained.

School or college experience

Highlight skills gained at school/college, eg summer schools or mentoring activities.

Non-accredited skills or achievement

eg Duke of Edinburgh Award, Young Enterprise scheme.

You should also mention your future plans – if you’re planning to take a year out, don't forget to give your reasons. Talk about any subjects you’re studying that don’t have a formal assessment and any sponsorships or placements you’ve applied for. And don't be scared to add in details about your social, sports or leisure interests.

Get more information on writing personal statements.

Fees for part time students

If you study this course part-time, you will be charged on a pro-rata basis.

Additional costs

While there are no additional costs associated with purchasing text books, there may be other costs to you. If you are joining the course which has a professional body accreditation you may be required to pay membership or examination costs. For details of these costs, please click on the link below.

Based on the past experience of our students, you might find it helpful to set aside about £50 for each year of your studies for your personal stationery and study materials. All our students are provided with 100 free pages of printing each year to a maximum total value of £15.

Route to Chartered Status

If you want to attain Chartered Status with the IIA or CIA, there are additional charges associated with this*:

IIA Application fee: £124

Annual IIA membership fee: £180

CIA application fee: $165

CIA learning fee: £500 plus VAT

CIA exam fees: $1,070

Professional Experience Journal fee: £100

*These costs are subject to change

Find additional costs for your course

This course is available part-time

Got any questions?

Search our Frequently Asked Questions for a range of information about our courses and studying here.

Financial Support

We offer further information on possible postgraduate financial support. This includes the type of loans, grants and scholarships available both from the government and from Birmingham City University.

Did you know that you will soon be able to apply for a postgraduate loan of up to £10,000 for some courses and options?

Postgraduate loans

Stage 1: PG Certificate

Internal Audit and its Context
20 credits

The module will consider why internal audit is needed, a history of its development and an introduction to the IIA function and its standards.

Providing Assurance - Risk Based Internal Auditing
20 credits

This module will look at the processes used by internal audit to perform its role – focusing in particular on the performance of internal audit assignments.

Organisation Environment Risks and Controls
20 credits

This module will look at three core risk and control areas: Finance, IT and Fraud. Students will also be required to select one further risk and control area from a selection.

Stage 2: PG Diploma

Ethical Leadership
20 credits

This module will build on IA1 and look at the ethical, CSR and wider external issues which impact on organisations.

Organisational Leadership
20 credits

This module will look at governance of an organisation and organisations are led and managed and how internal audit can link into these processes to meet its objectives.

Leading Internal Audit
20 credits

This module will look at how the head of internal audit leads the internal audit function, focusing in on resourcing and strategic planning and providing consultancy to the board and senior executive.

Stage 3: Masters

Innovation and Professional Development
20 credits

This will consider developments in the profession and in particular how internal audit can add value by instigating change and as well as providing consultancy on change projects.

Internal Audit Research Project
40 credits

A research project of the student’s choice in the area of internal audit.

Our course is available to study in a range of options, ensuring you don’t have to miss out.

Full-Time

You can choose to study one year full-time or three years part-time, with qualifications achieved at the end of each year:

  • Term / Year One – Postgraduate Certificate
  • Term / Year Two – Postgraduate Diploma
  • Term / Year Three – Master’s (MSc)
Distance Learning

This course is also offered as a distance learning option, enabling you to study at a time that suits you. You don’t have to attend any face-to-face sessions, and delivery of course materials is done through our e-learning platform, Moodle. Each module with an exam has a revision day which, although not mandatory, you should highly consider attending. If you can’t make it, supporting materials are made available via Moodle.

If you’re an international student, you can sit your examinations at your British council offices for a fee payable locally of around £100 per examination.

Block Release

This option sees you attend intense face-to-face teaching on campus from Monday to Friday for each module, one a term for years one and two. In year three the block weeks take place in the first term for both modules in order to support early initiation of your research project.

This option also provides the flexibility to incorporate some distance learning, to accommodate your work and personal commitments. You can do this at no extra charge and with no penalties.

Assessments

All modules are tested by assignment, except for

  • Organisation environment risks and controls which has an assignment and a 27 hour test to be completed remotely,
  • Organisational Leadership which is a closed book exam and

Professional Innovation and Development which is a presentation (which can be done remotely over Skype, for example) and reflective diary. 

Student stories

Mariusz Makarski Profile

Mariusz Makarski

Joining BCU back in 2014 whilst still working full time, Mariusz had the help of his tutors to successfully balance his work and his studies. He is now a Senior Internal Auditor for the Royal Bank of Scotland.

Simon Grima

Studying part-time for his Masters, and with a career that embraces lecturing and consultancy, Simon appreciated both the academic and professional relevance of his course.

This course is accredited by:

Internal Auditing Education Partnership

The Internal Auditing Education Partnership (IAEP) program was developed to respond to the growing interest in internal audit education at institutions of higher learning. The program also addresses a general need of practitioners interested in hiring students who possess a well rounded skill set for conducting internal auditing.

The IAEP program prepares students with the skills and knowledge to help them conduct basic internal audits immediately upon hire, as well as provide a foundation to begin preparing for the Certified Internal Auditor® (CIA®) examination.

Further study

Graduates can progress to complete a PhD in a related area of internal audit, governance or risk management. 

Student stories Dr Rodney Irwin

Managing Director at WBCSD

Originally from Bessbrook in Northern Ireland, Dr Rodney Irwin studied at the then University of Central England. He has enjoyed a global career at the World Business Council for Sustainable Development (WBCSD) and has also gone on to gain further qualifications including a PhD.

In October 2012 I took a role as Managing Director of Financial Capital at WBCSD - a membership organisation made up of 190 global businesses. I engage with businesses and support them with reporting in non-financial performance, strategy and innovations on corporate reporting. I also sit on the International Integrated Reporting Council (IIRC) working group, am a member of the Advisory Board of the Sustainability Accounting Standards Board and a Board Member of the Climate Disclosure Standards Board.

OpportUNIty

OpportUNIty Student Ambassador

OpportUNIty: Student Jobs on Campus ensures that our students are given a first opportunity to fill many part-time temporary positions within the University. This allows you to work while you study with us, fitting the job around your course commitments. By taking part in the scheme, you will gain valuable experiences and employability skills, enhancing your prospects in the job market.

It will also allow you to become more involved in University life by delivering, leading and supporting many aspects of the learning experience, from administration to research and mentoring roles.

Enhancing employability prospects

There are planned field trips each term to local organisations. These trips will be accompanied by a seminar from a visiting professor on a related topic.

We also have a guest speaker programme, bringing the working world into the University. These talks are delivered in the block weeks, and presentations are posted on Moodle so that they are available to everyone.

All assignments are grounded in the real working organisations, allowing students to apply their knowledge into a real working environment.

Skills assessment takes place at the start of each term and students are encouraged to create a development plan to enhance their skills and work experience over the duration of the course. Lecturers will support students in finding opportunities to support this wherever possible.

Graduate Jobs

Many of our students are already employed and are sponsored through their study. Typical organisations that they come from include local authorities, health sector, central government and government agencies, financial services, charity organisations such as the Big Lottery and professional service firms such as Deloitte, PWC, Grant Thornton and BDO.

Many of our students work in internal audit or a similar role such as compliance or financial control. Some are deliberately sponsored by their employer for this course so that on their return they can set up an internal audit function or apply the concepts to their existing department. 

Birmingham City University is a vibrant and multicultural university in the heart of a modern and diverse city. We welcome many international students every year – there are currently students from more than 80 countries among our student community.

The University is conveniently placed, with Birmingham International Airport nearby and first-rate transport connections to London and the rest of the UK.

Our international pages contain a wealth of information for international students who are considering applying to study here, including:

Birmingham City University International College (BCUIC)

International students who have a serious interest in studying with us but who perhaps cannot meet the direct entry requirements, academic or English, or who have been out of education for some time, can enter Birmingham City University International College (BCUIC) and begin their degree studies.

BCUIC

BCUIC is part of the global Navitas Group, an internationally recognised education provider, and the partnership allows students to access the University’s facilities and services and move seamlessly through to achieving a Bachelor’s degree from Birmingham City University.

Learn more about BCUIC

Popular home countries

Our students come from around the world but our audit management and consultancy course is most popular with international students from:

Malawi Flag

Malawi

UAE Flag

UAE

Curzon facilities eatery
Curzon facilities staircase
Curzon facilities student hub

Our Facilities

We are constantly investing in our estate and are currently in the process of spending £260 million on new learning facilities.

The Curzon Building

This course is based at our City Centre Campus – and specifically The Curzon Building, alongside other Social Sciences, Law, Business and English students.

The £63m building offers students a unique social learning space, including a dedicated student hub incorporating student support services, in the heart of Birmingham’s Eastside development.

The Business floors house an extensive number of IT facilities, breakout areas, and specialised rooms. The Marketing Link Agency is designed to replicate a modern marketing firm, allowing students to get real-life experience of working in the marketing sector. There is also the City Trading Room, which features state of the art stock market tracking equipment, keeping you up to date with all the financial comings and goings of the London Stock Exchange and Wall Street.

The Curzon building is also conveniently close to Birmingham’s business and financial centre, allowing for strong links between your studies and the real world.

The Curzon Building also features:

  • An impressive new library with access to over 65 million full text items and stunning views of Eastside City Park
  • Your Students’ Union which is located in a beautifully restored 19th century pub, The Eagle and Ball
  • A modern 300-seat food court with space to study and socialise
  • Brand new, accessible IT facilities with full Office365 for all students for free
  • Shared facilities with the wider campus including the recently opened Parkside Building and Millennium Point

Dr Andy Hollyhead

Associate Professor

Andy Hollyhead joined the University in 2003 after 15 years in industry in a number of large organisations, including roles as business systems analyst and project manager. He is part of the Centre for Internal Audit, Governance and Risk Management.

Ann Brook Profile Picture July 2016

Ann Brook

Senior Lecturer

Ann began her career in insurance, underwriting and processing claims, for a large national building society. She then moved to working in a global treasury department, verifying and performing transactions all over the globe. After this she moved into internal audit working at many different regional building societies and became a Head of Internal Audit for Chelsea Building Society in July 2009.

She moved into risk management in January 2011 and worked in corporate banking and then social housing and care. Her last role included working as a Company Secretary and working alongside boards and committees and supporting them in fulfilling their responsibilities.

Outside of her full time career she has also held volunteer positions. She has been a Governor and Audit Committee member for Sandwell College over the last seven years and has just been appointed as Governor for Birmingham Women’s Hospital.

She also volunteers for the professional body, the Chartered Institute of Internal Auditors, where she is a Fellow, as a local committee member she organises events for internal audit and risk professionals to network and update their knowledge.

Over her career she has managed many different sized teams and mentored them through their qualifications and development.

She believes this mix of professional experience and her open and approachable nature enables her to provide the best teaching and support to students.

Alan Robson Profile Picture July 2016

Alan Robson

Associate Professor

Alan Robson graduated in 1985 with one of the first Information Systems degrees in the country, before moving directly into lecturing. He joined Birmingham City University in 1986 as a lecturer in computer programming and systems analysis, and in April 2009 he joined the Centre for Internal Audit, Governance and Risk Management.

Balvinder Plaha Profile Picture 150x100

Balvinder Plaha

Lecturer in Financial Risk and Corporate Governance

Balvinder Plaha joined Birmingham City University in 2015 and currently teaches the finance and corporate governance modules on the MSc Internal Audit, Governance and Risk Management and risk response and risk leadership on the MSc Risk Management course.

UK prospective students:

UK enquiry form

+44 (0)121 331 5595

EU / International prospective students:

International enquiry form

+44 (0)121 331 5389

Already applied?

Email the applications team

+44 (0)121 331 6295