Internal Audit Practitioner (Level 4)

Internal Audit is designed to help organisations take a holistic and systematic approach to evaluating and improving the effectiveness of risk, control and governance processes. This apprenticeship programme is ideal for those who are newly appointed to an internal audit role or existing internal audit staff who’d like to improve their knowledge and understanding of internal audit whilst also developing the important skills and behaviours within their everyday role

An apprenticeship in internal audit is a real job with structured training,enabling individuals to progress in their career with the option to also work towards the IAP Internal Audit Practitioner designation.

Developed in partnership with the Institute of Internal Auditors and employers and firms of all sizes, a Kaplan Accountancy apprenticeship is anything but standard.

Who's it for?

Ideal for professionals looking for a solid grounding in Internal Audit, typically working as part of a team. Individuals taking part in this apprenticeship could be employed in public, private and voluntary sectors. The knowledge, skills and behaviours developed throughout this programme will ensure individuals are competent in undertaking all aspects of internal audit engagements.

If you’re seeking to maximise the benefit of time used as part of off-the-job training and develop technical excellence coupled with sector relevant skills that can be directly applied to the role, this apprenticeship might be the right option for you.

Job roles

The remit of an Internal Auditor can span the whole organisation, meaning they can assess the adequacy and effectiveness of all areas across an organisation including risk management, compliance and finance. Typical job roles can include Internal Auditor Trainee, Entry level Internal Auditor, Internal Auditor, but this list isn’t exhaustive.

One of the key things to success is that the job role and Line Manager provide the opportunities, support and relevant work based projects to be able to contextualise and apply the apprentice’s learning back in the workplace, to gain real competency in that area.

Career progression

The Chartered Institute of Internal Auditors (IIA) is the recognised professional body for internal auditing in the UK and Ireland. The apprentice can apply for membership of the Chartered IIA at the outset of the Apprenticeship.

An apprentice’s career journey doesn’t end when this programme has finished. With an appropriate role that can demonstrate significant new learning, the next steps could be to progress onto a Level 7 Internal Audit Professional apprenticeship.

Eligibility

To do this apprenticeship, IIA entry requirements state learners must have an appropriate job role working in internal audit, with at least 6 months of experience and are employed in England. Kaplan will support you to assess the job role suitability as part of your application.

The Internal Audit Practitioner is a Level 4 apprenticeship. Learners would be expected to have two A-Levels/equivalent or suitable work based experience.

Employers may also specify that candidates have at least a grade 5 GCSE (or equivalent) in Maths and English. If apprentices don’t have this level of Maths and English, Kaplan offers free resources and support to make sure they develop their understanding and application of the subjects by the end of the apprenticeship. Learners starting their apprenticeship without Level 2 in maths or English will complete a Level 2 Functional Skills qualification.

Level

Level 4

Apprenticeship

Internal Audit Practitioner

Optional qualifications

IIA (Chartered Institute of Internal Auditors) Certificate in Internal Audit and Business Risk

Microsoft Office Specialist Certification

24 months with Gateway at 18 Months

Costs / funding band

£9,000
Free for learners

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About the programme

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Strengthen your finance function

Build your core accountancy, finance and internal audit organisational capability by honing your talent pipeline of confident, competent and credible individuals.

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Workbased learning

Our programmes provide a structured, applied learning route that ensures learning and skills are directly applied to the role and maximises the time used as part of off-the-job training.

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Support and insight for managers

We have robust processes and reporting in place to ensure you and your line managers have all the insight you need to help your apprentices to progress and succeed.

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Support for apprentices

Each learner has regular 1:1 contact and progress reviews to keep them on track, review their portfolio, and get them fully prepared for their final assessments.

Included in this apprenticeship

Kaplan works in partnership with the Institute of Internal Audit (IIA) to deliver this apprenticeship, providing a comprehensive, blended learning solution incorporating social learning, tutor support and online virtual classes.

Attending scheduled classes via Live Online, apprentices benefit from the wealth of technical expertise and practical sector experience of expert tutors. Classes are interactive and discursive, giving learners quality time with tutors and sector peers to support the development of their knowledge and skills and bring new perspectives to their thinking.

Learners also get access to engaging exercises which help them to apply their learning in real business scenarios. Relevant examples within the context of a financial sector setting offer a proven method of enhancing understanding and application of a broad range of subjects whilst developing vital skills and behaviours.

Certificate in Internal Audit and Business Risk

A practical, accredited, modular course that provides a thorough grounding in the practice and principles of audit, governance, risk and assurance. Learners will complete four individual awards - two core and two optional from the list below - each covering a key area of internal audit. Each award requires about 30 hours of learning through reading, reflection, two day interactive workshop attendance and completion of a personal development log.

Subjects include:

Core: corporate governance and risk management
Core: internal audit planning and assurance framework
Optional: effective delivery of audit and assurance
Optional: interpersonal skills for audit and assurance
Optional: compliance audit and assurance

Internal Audit Practitioner

Learners will be introduced to the core elements of the International Professional Practices Framework and the International Standards.

The syllabus for the Internal Audit Practitioner designation is divided into five topics domains, each dealing with a set of standards:

Internal Audit Attributes
Nature of work
Engagement planning
Engagement work
Engagement communication

Assessment: two hour multiple choice exam

Self study

Innovative skills development

To complement the technical training, apprentices receive access to a series of online modules designed to support the development of sector relevant skills at the right time for their job role. Set within the context of familiar financial sector settings, learners are challenged to think about their role and the critical skills they need to develop to have a successful career working in finance. The modules give apprentices a safe place to think about topics such as:

Effective communication of relevant information across the organisation and to appropriate stakeholders in both written and verbal formats.
Honesty and integrity in all of their actions and interactions.
Respect for others and the ethical requirements of their profession.
Proactively managing own development.
Effective planning and prioritising and co-ordination of others in order to meet both deadlines and changing priorities.
How information can be used most effectively to add value to the organisation.
Flexibility to maintain high standards in a changing environment.

Self study

Microsoft Specialist Skills

Optional modules covering core Microsoft products, over 100 hours of online tuition supports learners in preparing for Microsoft accreditations. Globally recognised, our tuition and exams available at Associate and Expert levels will equip apprentices with the skills to unlock the potential of Microsoft Office products.

Available in a range of subjects including

Word
Excel
Powerpoint

date_range Workshops

Once a learner has activated their IIA membership, they will be invited to a number of scheduled workshops to support learning and progression.

Why choose Kaplan?

The leaders in accountancy training

Kaplan has over 80 years experience in designing and delivering programmes that help individuals to achieve results and business to achieve success.

Future facing

Our apprenticeships equip your employees to make a positive difference in the workplace, applying their learning in real life projects which can transform teams and cultures.

Comprehensive learning

Learners attend scheduled classes involving lots of practical discussion and application, and combine this with additional online learning that can be completed at their own pace.

Expert teaching

Our tutors are all subject matter experts, with real world experience, and teach groups of diverse learners from organisations across the UK.

Support for employers:

Named client solutions point of contact to support you at every stage
Recruitment service to help you hire an apprentice for a new vacancy
Transparency throughout the application and onboarding process for your learners
Sector expert tutors and talent coaches delivering relevant training and development
Learning that is applied to your organisation through work based experience
Accurate, timely and accessible tracking for each learner
Line Manager visibility of your learner’s portfolio dashboards

Support for learners:

Tutor contact via email outside of scheduled classes
Regular 1:1 contact and progress reviews with their line manager and a named, industry experienced talent coach to keep them on track, review their portfolio and get them fully prepared for their End Point Assessment.
Peer to peer contacts from across the industry as part of a small cohort - creating opportunities to spark new ideas and get new perspectives
Apprenticeship ePortfolio to track their progress, capture off-the-job activity and hours, manage and capture progress reviews, upload evidence, as well as communication with their Talent Coach
Student Service support available 362 days a year
Work based projects and support from a line manager to be able to contextualise and apply their learning back in the workplace