Module Outlines

Module 1: Risk Based Internal Auditing

This module equips students with the technical skills and knowledge to undertake a risk-based internal audit according to internationally accepted professional standards. The International Professional Practices Framework and the incorporated Code of Ethics are used to guide students as they evaluate their current practice and improve the quality of their audit work.

This module will cover: 
  • The International Professional Practices Framework (IPPF)
  • Governance, risk management and control
  • Planning and performing the engagement
  • Communicating results and monitoring progress
  • Quality and control
  • Managing internal audit activity engagements

Module 2: Legal and Regulatory Environment

This module develops knowledge and understanding of legal, regulatory and economic environments in which Australian organisations operate and make

decisions. The risk of fraud and ethical issues is also covered.

The legal, regulatory and trading (economic) environment is complex and can include traversing trade legislation and regulations, labour laws, copyright, privacy and cyber laws, civil and penal laws, taxation schemes, contract law as well as the
nature and laws of legal evidence.

This module will cover:
  • Ethics, ethical organisations and evaluating ethics
  • Legal and Regulatory Environment, including governance, the mandate for Internal Audit’s role, compliance mapping and assurance mapping
  • Fraud risk, prevention and investigation
  • Economic Environment, including the role of Government, macroeconomic issues and implications for Internal Audit

Module 3: Organisational Systems & Processes

Covering key knowledge areas of the internal auditor competency framework, this module builds students’ knowledge and understanding of the systems and

processes used to manage an effective business.

The principles of the key financial statements and how they relate to each other are covered. Numbers tell a story and internal audit uses trend and ratio analysis as a starting point for investigation.

The module will examine Information and Communications Technology (ICT) within
organisations. It will consider the role of ICT and associated governance, risk management, control and audit processes.

This module will cover:
  • Financial reporting and management accounting
  • Analysis and interpretation of financial statements
  • ICT Governance, ICT organisations and the role of the internal auditor
  • Auditing ICT projects
  • ICT Risks and the ICT Audit process
  • ICT General Controls and Application Controls
  • Cyber Security
  • Data Analytics
  • Business continuity management

Module 4: Professional in Practice

Professional in Practice is the capstone module of the Graduate Certificate in Internal Auditing. As such, it aims to provide opportunities for students

to demonstrate the application of knowledge and skills to make high level, independent judgements in planning, conducting and evaluating an internal audit
in accordance with the IPPF.

Drawing on the three previous modules, this module will focus on the non-technical skills that will enable students to lead and effect change, and to communicate and influence all levels of the organisation. Students have the opportunity to consolidate their knowledge and hone their problem-solving skills, preparing them to deliver high-quality internal audit services and manage a value-adding internal audit program.

This module will cover the following major topics:
  • Influence and communication
  • Leadership and teamwork
  • Conflict resolution and negotiation
  • Change management
  • Culture and risk management
  • Digital governance
  • Capstone case studies