Internal Audit Management and Consultancy - MSc

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 provides the foundation from which the rest of the modules then build.

This module provides an introduction to organisations, in particular their structures, leadership, strategic planning, governance, risk and control. It then moves onto internal audit strategic planning explaining how this is developed using risk based techniques within the organisational context.

This module is designed to guide the student through the 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 financial processes within an organisation that they may be required to audit, helping them to understand best practice, risks and controls.

The module will expose students to information technology (IT) and information security (IS) practices found in an organisation that they may be required to audit, helping them to understand best practice, risks and controls for the related processes. It also looks at the IT tools and techniques available to internal auditors in performing an audit, such as data analytics

This module provides you with the competencies and skills required of strategic decision-makers and leaders. The module introduces the challenges of contemporary management and how to engage with frameworks, theories, and tools. Although the focus of this module is on formulating strategy, this is approached from the view of the Chief Audit Executive.

This module provides you with the competencies and skills required of internal audit leaders to formulate strategic and operational plans for effective internal audit teams. The module introduces the challenges confronting CAE/HIAs to allow them to lead from the front and manage the teams with knowledge and expertise.

Part of the purpose of this module is to ensure that when you complete the course that you fully understand the requirements of the International Professional Practices Framework (IPPF) and how to overcome challenges in internal audit. Therefore, part of this module is to review and reflect on an audit engagement in relation to the IPPF.