Internal Audit Management and Consultancy - MSc *
Looking to study a Master’s in internal audit management degree in Birmingham? Our MSc Internal Audit and Consultancy Management course boasts a Route to Chartered Status from the IIA UK. The internal audit profession formally began when the Institute of Internal Audit Inc. (IIA Inc.) was formed in the early parts of the 20th Century....
Looking to study a Master’s in internal audit management degree in Birmingham? Our MSc Internal Audit and Consultancy Management course boasts a Route to Chartered Status from the IIA UK.
The internal audit profession formally began when the Institute of Internal Audit Inc. (IIA Inc.) was formed in the early parts of the 20th Century. Since that time the profession has developed extensively keeping pace with the demands placed on it by Board and Audit Committees in an ever changing and challenging world.
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.
The techniques and methods used by the internal audit profession have changed over the decades, from one which focused purely on financial risk and compliance style audits, which check procedures are being followed, to the current day where risk based auditing is seen as best practice across the globe. The Institute of Internal Auditors Inc. now boasts membership of over 180,000 across the globe and has recently developed its International Professional Practices Framework to include a mission statement ‘To enhance and protect organisational value by providing risk-based and objective assurance, advice and insight.’
It is this current landscape that drives this course’s over-riding philosophy which is:
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.
What's covered in this course?
The learning and teaching methods are designed to encourage and support independent learning.
Students are provided with a guided pathway through the learning resources, which are provided on the Virtual Learning Environment ‘Moodle’. These resources include (but are not limited to):
- Quizes, with feedback
- External professional published articles, journals, standards
- Practical exercises to apply knowledge
Wherever possible real life case studies will be used to illustrate the learning.
Face-to-face delivery (full time and part time block release students) will be delivered in an intensive week at the very start of study and where possible the cohorts will be together. This approach will help the different cohorts of students to meet and network, thereby creating greater opportunities for peer support. The week will predominantly be in the form of workshops of group activities allowing students to explore and apply the understanding they have gained from prior reading provided on Moodle and be given formative feedback by the lecture team which can be used to help with the assessment.
Where the assessment is an exam, 2 intensive days will also be provided which is timed to best support completion of the exam. During these session the areas of the syllabus which students have found challenging will be covered as well as practicing exam questions both in groups and individually.
Distance learning students will have access to all the materials through Moodle. During the intensive week the output from group activities will also be added to Moodle, allowing distance learning students to compare their own output with those of the group.
All students also have access to the on-line discussion forum where they can interact with each other and with the tutors on a group basis, and individual and group tutorials are also available by appointment.
Why Choose Us?
- Our Governance & Assurance Hub has become the UK’s first university department to be recognised as a Centre of Excellence by The Institute of Internal Auditors.
- 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). Find out more about the programme here.
- 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, complementary 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.
- You will be able to work on exciting projects for real-life clients through our Business Advice Centre, giving you exposure to the challenges and issues faced by businesses as well as the chance to develop successful solutions. Opportunities are available with local, regional, national and even global businesses such as BMW.
- The Centre also offers expert support for your own entrepreneurial ideas, so you can start planning your own start-up or take your existing business to the next level. Following graduation, you will have the opportunity to apply for STEAMhouse Business Incubator membership.
Find out more
|Typical Offers (UK Students)|
A 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.
Additional information for EU/International students
Applications from international applicants with equivalent qualifications are welcome. Please see your country page for further details on the equivalent qualifications we accept.
In additional to the academic entry requirements listed above, international and EU students will also require the qualifications detailed in this table.
|English language requirements 2020/21|
6.0 overall with 5.5 minimum in all bands
If you do not meet the required IELTS score, you may be eligible for one of our pre-sessional English courses. Please note that you must have a Secure English Language Test (SELT) to study on the pre-sessional English course. More information.
|Other accepted qualifications||Visit our English language page|
Fees & How to Apply
- UK students
- International students
Access to computer equipment
You will require use of a laptop, and most students do prefer to have their own. However, you can borrow a laptop from the university or use one of our shared computer rooms.
You will receive £5 print credit in each year of your course, available after enrolment.
All essential field trips and associated travel costs will be included in your course fees.
Access to Microsoft Office 365
Every student at the University can download a free copy of Microsoft Office 365 to use whilst at university and for 18 months after graduation.
You will be able to download SPSS and Nvivo to your home computer to support with your studies and research.
Subscriptions to key journals and websites and available through our library.
Free access to Rosetta Stone
All students can sign up to the online learning language platform for free through the Graduate+ scheme.
Free Adobe Creative Cloud Licence
Students studying on a course with a requirement to use Adobe software can request a free licence to install the entire suite of applications on up to two personal devices.
Excess printing (optional)
Once you have spent your £5 credit, additional printing on campus costs from 5p per sheet.
You may wish to join the Chartered Institute of Internal Auditors, but this is not mandatory and only applicable if you wish to apply for Chartered status on completion of your MSc.
Accommodation and living costs
The cost of accommodation and other living costs are not included within your course fees. More information on the cost of accommodation can be found in our accommodation pages.
Students are required to submit a personal statement as part of their application for this course.
Your postgraduate personal statement is going to shine a light on your personal experience, academic success, personal skills and any other factors that will support your application for further study.
Here are the key areas you’ll need to address:
Your passion and motivations
Studying a postgraduate course usually means you want to specialise in something. So what’s driving you?
Why this course?
Show that you’ve researched the course offering. What is it about this particular course that appeals to you? Is it the lecturers? The modules? Etc.
What makes you a good postgraduate candidate?
Tutors want to know that you can handle postgraduate study, so show them how your undergraduate experiences or work life has equipped you for a more advanced level of study. Key areas to address are research and group work but this can vary depending on your chosen course.
Relevant academic or work experience
Add anything relevant that relates back to your chosen course and shows how your skills will contribute towards your learning. What extra-curricular activities have you taken part in? What awards have you won? What employment or voluntary experience do you have that has helped you develop transferable skills? How do these specifically relate to the course you are applying for?
You should also mention your future plans and how a postgraduate qualification fits in. Try to look beyond your postgraduate study – do you plan to jump straight into a specific career or follow your studies with a research degree? Lastly, use plain, professional English and, where possible, utilise the language of your chosen industry.
Get more information on writing personal statements.
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
Course in Depth
This module considers the purpose of internal audit and how it fits alongside other governance activities of an organisation. It explores the principles which sit behind the activity as well as how to ensure that a high quality function is delivered. It also looks at internal audit’s role in evaluating the anti-fraud framework in the organisation.
This module is designed to guide the student through the management and performance of a risk based internal audit engagement which complies with the definition of internal auditing and the standards defined in the International Professional Practices Framework (IPPF) which were introduced in Essentials of Internal Auditing.
The module will expose students to different areas of an organisation that they may be required to audit, helping them to understand best practice, risks and controls for the related processes. The module will focus on business acumen, information security, informational technology and financial management.
This module seeks to explore the role, responsibilities and competencies of a head of internal audit. It will consider the development of strategic and operational plans for internal audit, the creation and leading of an internal audit function and being a consultant and advisor to the organisation’s leaders.
This module explores how organisations operate and in particular the internal governance, risk management, assurance provision, strategic management and financial management of organisations. Again internal audit functions need to be designed and work to support these as well as to be able to assess them as part of their work (either as an audit engagement or as a consultant).
This module explores ethics, corporate social responsibility and sustainability which are all considered to be essential for organisations to succeed. Understanding this will help leaders to develop internal audit functions which take the organisations challenges and culture into account. In addition, internal auditors are often asked to provide advice on key challenges including these areas.
In this module students will critically assess risk management and propose innovative and creative developments that will improve the practice of risk management and bring further value to organisations. Students will also look at how risk management can be a catalyst for improvement and innovation within an organisation and how change can be managed through to efficient and effective implementation. Finally they will look at their own personal development within the profession.
As this is a research project of the students choice in the area of internal audit, any of the Programme learning outcomes can apply depending on the area that the student has chosen. It will be the responsibility of the student / apprentice and their allocated mentor to identify which Programme learning outcomes relate to the research project.
Our course is available to study in a range of options, ensuring you don’t have to miss out.
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)
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.
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.
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.
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.
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.
Welcome to the Birmingham City Business School, home to students from over 70 countries all around the world!
Birmingham City Business School is one of the UK’s largest, most established and most respected business schools. Our programmes are practice based and many have an international focus, which means your course will be entirely relevant to today’s business world. Almost all of our courses, both at undergraduate and postgraduate level, are open to international students.
We also have links with universities across the world, including Europe, the USA, China, India and Malaysia.International Services
Our international pages contain a wealth of information for international students who are considering applying to study here, including:
- Explore some of the good reasons why you should study here
- Find out how to improve your language skills before starting your studies
- Find all the information relevant to applicants from your country
- Learn where to find financial support for your studies
The University is conveniently placed, with Birmingham International Airport nearby and first-rate transport connections to London and the rest of the UK.
Facilities and Staff
We are constantly investing in our estate and are currently in the process of spending £340 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
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.More about Alan
Director for Corporate Executive Education and Faculty Apprenticeship Lead
Balvinder Plaha worked before joining Academia in Accounting and is a trained teacher with a qualified teacher status (QTS). Balvinder has worked in Academia since 1996 and have developed and led on many courses ranging from professional accredited courses in Accounting and Internal Audit as well Undergraduate and Postgraduate Degrees.More about Balvinder