Internal Audit Management and Consultancy - MSc

  • Level: Postgraduate Taught
  • Starting: October 2020
  • Study mode: Full Time, Part Time, Distance Learning
  • Location: City Centre

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 the 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):

  • Presentations
  • 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 predomionantly 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 timeed 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 quesitons 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 disucssion 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?

  • 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, 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.

Find out more

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This course is open to International students

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Entry Requirements

Essential Requirements
Typical Offers (UK Students)

A Honours 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
Essential

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
IELTS

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
International Students

Entry requirements here

International Students

Don't meet our entry requirements? You could apply for courses at our International College.

Apply now

  • UK/EU students
  • International students

Award: MSc

Starting: Oct 2020

  • Mode
  • Duration
  • Fees
  • Year 1 (60 credits) £2,900
  • Year 2 (60 credits) £2,900
  • Year 3 (60 credits) £2,900

Fees for Part-time students

This course can be studied on a Part-time study basis. The cost per year of study is based on credit requirements for that year as shown here.

  • Year 1 (60 credits) £2,900
  • Year 2 (60 credits) £2,900
  • Year 3 (60 credits) £2,900

Fees for Distance Learning students

This course can be studied on a Distance Learning study basis. The cost per year of study is based on credit requirements for that year as shown here.

Award: MSc

Starting: Oct 2020

  • Mode
  • Duration
  • Fees
  • Year 1 (60 credits) £4,300
  • Year 2 (60 credits) £4,300
  • Year 3 (60 credits) £4,300

Fees for Part-time students

This course can be studied on a Part-time study basis. The cost per year of study is based on credit requirements for that year as shown here.

  • Year 1 (60 credits) £4,300
  • Year 2 (60 credits) £4,300
  • Year 3 (60 credits) £4,300

Fees for Distance Learning students

This course can be studied on a Distance Learning study basis. The cost per year of study is based on credit requirements for that year as shown here.

The University reserves the right to increase fees in line with inflation based on the Retail Prices Index or to reflect changes in Government funding policies or changes agreed by Parliament up to a maximum of five per cent.

Personal statement

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

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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

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 £10,906 for some courses and options?

Postgraduate loans

Modules

Essentials of Internal Auditing
20 credits

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.

Practice of Internal Auditing
20 credits

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.

Business Knowledge for Internal Auditing
20 credits

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.

Internal Audit Leadership
20 credits

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.

Organisational Leadership
20 credits

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).

Ethical Leadership
20 credits

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.

Innovation and Professional Development
20 credits

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.

Internal Audit Consultancy Research Project
40 credits

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.

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,
  • 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.

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 £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

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.

Full Profile

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. 

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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.

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Balvinder Plaha

Senior Lecturer, Program Leader for Chartered Manager Degree Apprenticeship and MSc Insurance and Risk Management

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.

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