Legal, Regulatory and Societal Landscape

This module builds the foundational knowledge required to understand the legal, regulatory, governance, and societal environment within which Australian organisations operate. It explores the complex system of laws, regulations, standards and expectations that shape organisational behaviour, decision-making, accountability, and assurance activities.

 Learners will examine how legal and regulatory frameworks intersect with ethics, professionalism, sustainability, risk management and the broader community, and how these factors influence the role and responsibilities of Internal Audit.

 This module is delivered through five microcredentials:

1. IPPF and Application of Topical Requirements
   Understanding the International Professional Practices Framework and applying current and emerging requirements to assurance activities.
2. Ethics and Professionalism in Assurance
   Exploring ethical obligations, organisational ethics, professional conduct and evaluating ethical culture.
3. Compliance and Regulation
   Covering the legal and regulatory environment, governance mandates, Internal Audit’s role, compliance mapping and assurance mapping.
4. ESG and Sustainability
   Examining environmental, social and governance expectations, sustainability trends, and implications for Internal Audit.
5. Governance, Risk Management and Control Frameworks
   Understanding the structures and frameworks that guide governance, risk and controls assurance within organisations.

 Upon completion of all microcredentials, students gain a comprehensive understanding of the regulatory, ethical and societal context that underpins effective internal auditing in Australia.