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Internal Audit Professional Apprenticeship - MSc

Currently viewing course to start in 2024/25 Entry.

The Internal Audit Professional (IAP) Apprenticeship has been developed by employers and approved by the Institute for Apprenticeships in 2018. The driving objective is to provide a suitable development framework for those who are either in or looking to move to a managerial position. The full standards can be accessed on the Institute for Apprenticeships and Technical Education (IfATE) website....

  • Level Postgraduate Taught
  • Study mode Part Time
  • Location City Centre
  • Award MSc
  • Start date September 2024, January 2025
  • School Birmingham City Business School
  • Faculty Faculty of Business, Law and Social Sciences

This course is:

Overview

The Internal Audit Professional (IAP) Apprenticeship has been developed by employers and approved by the Institute for Apprenticeships in 2018. The driving objective is to provide a suitable development framework for those who are either in or looking to move to a managerial position. The full standards can be accessed on the Institute for Apprenticeships and Technical Education (IfATE) website.

The University was an active advisor to the Employer Group throughout the development of the Apprenticeship Standards and as a result has keen insight into the rationale and drivers behind each of the knowledge, skills and behaviours defined. Coupled with decades of delivering a Masters level qualification in Internal Audit, we are confident that this course will meet employer’s needs. The Course’s over-riding philosophy is:

To equip those working within the internal audit profession with the conceptual understanding, knowledge and skills to contribute positively to the organisations that they work for.

How to Apply

To apply for this course, please email apprenticeships@bcu.ac.uk.

This course is not open to International students.

What's covered in this course?

The Course is divided into 8 modules which are aligned to the Certified Internal Auditor (CIA) and Chartered Internal Auditor (CMIIA) qualifications. The course has been carefully mapped against the IAP Apprenticeship Standards and End Point Assessment (EPA), to the syllabi of the CIA and CMIIA and the IIA Inc’s suggested syllabus from the Internal Audit Educators Partnership programme, which has awarded this course its highest accreditation as a ‘Centre of Excellence’.

The first 7 modules of the course are designed to meet the gateway requirements to the EPA, i.e. completion of the CIA and assessments 1 and 2 for the CMIIA. The final module is used to prepare the apprentices for the final CMIIA assessment, which is also the EPA.

The IAP Apprenticeship Course is credit bearing, meaning that Apprentices who successfully complete our course will also receive the MSc Internal Audit Management & Consultancy, with no additional work or cost above that included in the IAP Apprenticeship funding band. This means that if an apprentice leaves part-way through the course, they will be given an appropriate academic award depending on the modules they have completed successfully.

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).
  • 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.

OPEN DAY

Join us on campus where you'll be able to find out more about your course, learn about postgraduate finance and get an insight into studying at BCU. Booking for the next event isn’t open yet. Register your interest below and we’ll email you as soon as booking goes live.

Next Event: 29 June 2024

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Entry Requirements

UK students
Essential

A degree from a UK University or international equivalent

OR Indicative 3 years-experience in an internal audit role, assessed through the Recognition of Prior Learning Scheme (RPL)

OR Level 4 Apprenticeship

OR 24 months experience in an internal audit role assessed through the RPL

For the Internal Audit Professional Apprenticeship, apprentices will also be required to meet the exam entry requirements for the professional qualifications. These can be found on the Institute of Internal Auditors website,

Fees & How to Apply

Please select your student status to view fees and apply
  • UK Student
  • International Student

UK students

Annual and modular tuition fees shown are applicable to the first year of study. The University reserves the right to increase fees for subsequent years of study in line with increases in inflation (capped at 5%) or to reflect changes in Government funding policies or changes agreed by Parliament. View fees for continuing students.

Award: MSc

Starting: Sep 2024

  • Mode
  • Duration
  • Fees

Award: MSc

Starting: Jan 2025

  • Mode
  • Duration
  • Fees

International students

Sorry, this course is not available to 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.

Printing

You will receive £5 print credit in each year of your course, available after enrolment.

Field trips

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.

Key software

You will be able to download SPSS and Nvivo to your home computer to support with your studies and research.

Key subscriptions

Subscriptions to key journals and websites and available through our library.

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.

Chartered Institute of Internal Auditors (CIA) course material

Accessed through the CIA Online Learning Platform.

Excess printing (optional)

Once you have spent your £5 credit, additional printing on campus costs from 5p per sheet.

Memberships (mandatory)

Membership of the Chartered Institute of Internal Auditors is mandatory and is not covered by the apprenticeship levy. Apprentices should discuss this cost with their employer.

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.

How to Apply

To apply for this course, please email apprenticeships@bcu.ac.uk.

The Internal Audit Professional Apprenticeship is approved by the Institute of Apprenticeships with a funding band of £17,000. This is the maximum available from the apprenticeship levy to cover the associated costs.

The key costs that are incurred are as follows:

  • Application to complete the 3 papers of the CIA
  • Application to complete the 3 papers of the QIAL
  • Tuition pack for the CIA
  • Exam fees for the CIA and QIAL
  • End Point Assessment Fee
  • Birmingham City University (training provider) Fee

Please note that membership of the Chartered Institute of Internal Auditors is also required, but due to funding rules this cannot be included in the levy funding. Therefore this costs will need to be met by either the employer or the apprentice.

The fee to be charged by the University depends on the level of support that the organisation requires above those stipulated by the funding requirements. The Institute for Apprenticeships also expects the training provider fees to be subject to negotiation with the employer organisation. However, it is the University’s intention to keep the total costs below the funding band wherever possible.

The fee to be charged will therefore  be discussed as part of the initial discussions and contract negotiation.

Personal statement

You’ll need to submit a personal statement as part of your application for this course. This will need to highlight your passion for postgraduate study – and your chosen course – as well as your personal skills and experience, academic success, and any other factors that will support your application for further study.

Not sure what to include? We’re here to help – take a look at our top tips for writing personal statements and download our free postgraduate personal statement guide for further advice and examples from real students.

Course in Depth

Modules

In order to complete this course a student must successfully complete all the following CORE modules (totalling 180 credits):

There are no optional modules.

Progression to Gateway

Once you have completed the course with the University you will then move through Gateway. This
is a checkpoint in the apprenticeship where you will need to meet the following criteria:

  • Hold a level 2 qualification in both maths and English (this is an entry requirement for the
    University course so is already met)
  • Completed and hold the Certified Internal Auditor Qualification
  • Completed the MSc, which includes the first two modules of the Chartered Internal Auditor
    qualification

At this point you will then discuss the timing of your End Point Assessment and provide the
documentation required to sit this with the End Point Assessment Organisation.

End Point Assessment Requirement

The End Point Assessment (EPA) is published on the IfATE website. In essence this has two assessments:

  1. 30 minute (+/1 10%) presentation of the apprentices role in the performance of an
    internal audit engagement, followed by a 30 minute questions and answers.
  2. 1 hour professional discussion of the apprentice’s internal audit research project,
    supported by the submission of a 4,000 word (+/- 10%) report.

As noted above the final module of the apprenticeship course is the preparation required for the
end point assessment.

The end point assessment is also the final module of the CMIIA qualification.

Student Profiles

Daniel Frazer

Daniel Frazer
Course - MSc Internal Audit Professional Apprenticeship
Start date - September 2020, Part-time, Mature student

An apprenticeship provides the flexibility to get paid alongside gaining a qualification. For Daniel, this was a great opportunity to both learn the theoretical knowledge and apply it in the work place to become a well-rounded professional.

As a mature student, the ability to work part-time alongside working towards a qualification was a huge inducement for me. The Internal Audit Professional apprenticeship at Birmingham City University proposed the most robust and clearly laid out path that can be taken, in tandem with my employer, to fully develop my knowledge and abilities within an internal audit function.

The apprenticeship provides the building blocks and theoretical knowledge needed to become an internal audit professional within the world of business. This scale of learning is invaluable compared to general workplace training, whereby you are taught how to perform your role within that company specially rather than an internal audit professional.

The campus grounds and buildings are impressive, but most importantly the knowledge and approachability of the staff is second to none. They provide a relaxed atmosphere and adopt a collaborative approach between staff and students. This helps to develop an atmosphere where questions can be asked freely which is essential when starting a subject from scratch.

From personal experience, I have found that studying an apprenticeship not only enables you to cross-reference the theoretical learning with real world practical implications, but provides the opportunities for networking and seeing how the role is performed within other organisations.

Returning to studies can seem daunting, especially after years working full-time, however, provided that you are serious about the time commitments required it can be a thoroughly enjoyable experience. I would recommend Birmingham City University to anyone wishing to undertake a similar apprenticeship.

Sarah Vause

Sarah Vause
Course - MSc Internal Audit Management and Consultancy
Start date - September 2020, Part-time, Mature

Sarah’s career in Internal Audit Management began over 13 years ago after she graduated university with a Business and Management degree. She’s a huge believer in continuous learning being the key to a successful career. So Sarah decided to embark on her apprenticeship journey at Birmingham City University.

The Internal Audit Management and Consultancy apprenticeship has combined learning academic theory with working in a professional environment. This provides the opportunity to put what you’re learning into immediate practice within the workplace.

I chose to study part-time at BCU because it is the only university in the UK that offers a level 7 apprenticeship that has opportunities to achieve additional qualifications, such as a Master’s degree, a qualification in Internal Audit Leadership and Chartered Internal Auditor status, and is recognised as a Centre of Excellence by the Institute of Internal Audit.

The support from staff is excellent. They provide regular feedback on performance in the lead up to module assessments, helping you to identify the key areas you need to work on to ensure you get the most out of your time at BCU. For both part-time and full-time apprentices, there’s so much support available, from personal development through to financial and mental health and wellbeing.

The collaboration between both the University and my employer, M Group Services, work seamlessly to support my development throughout the apprenticeship. We meet quarterly to discuss my progress and next steps together to help me get the most out of my apprenticeship.

As a mature student with two children needing to balance work, study and the day to day running of a home seemed like a daunting prospect. Upon starting the apprenticeship, I’ve realised with the right support, there is nothing to worry about. If life gets in the way or your circumstances change, there will always be someone you can speak to for help and guidance.

Employability

Facilities & Staff

Curzon facilities eatery
Curzon facilities staircase
Curzon facilities student hub

Our Facilities

We are constantly investing in our estate and have spent £400 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 and Business 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 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
  • Accessible IT facilities with full Office365 for all students for free
  • Shared facilities with the wider campus including the Parkside Building and Millennium Point

Our staff

Michelle Dyke

Senior Lecturer in Audit & Assurance

Michelle has over 25 years’ experience in accounting, beginning her career in 1993 with Tarmac in Wolverhampton, before moving into practice firstly with Clement Keys Chartered Accountants and then BDO Stoy Hayward in the audit department.

More about Michelle

Julianne McGarry

Senior Lecturer

Julianne McGarry is an Internal Controls, Risk and Internal Audit professional with over 30 years’ experience across the Public and Global Private sectors encompassing FMG, OEM, Financial Services and Logistics.

More about Julianne