Internal Auditor

The purpose of this qualification is to prepare a learner to operate as an Internal Auditor. An Internal Auditor executes internal audit engagements under supervision of an Internal Audit Professional in accordance with the International Professional Practices framework in order to meet specific audit engagement objectives. A qualified learner will be able to: • Identify process risks and controls for a designated area within the internal audit engagement. • Conduct field work in order to prepare working papers according to International Professional Practices framework (IPPF) standards. • Adhere to professional conduct in accordance with IPPF code of conduct.

The Internal Audit function is acknowledged worldwide as an intrinsic part of good corporate governance in organisations, entities and government departments. In South Africa, legislation requires the establishment of an internal audit function in every public sector entity. A cornerstone of the South African National Development plan is clean government and zero tolerance for corruption and fraud. Over and above this requirement organisational efficiency is paramount to the success of our economy. The internal audit profession is critical for achieving this. This occupational certificate will assist in providing the required number of people able to fulfil the internal audit role thereby helping government departments meet their legislative requirement in this regard and will contribute to the National economic development strategies. This qualification will enhance the existing qualifications and it will provide the required structure in practical and workplace learning. This Occupational Certificate will enable people working in internal audit to develop the required competencies to plan, implement, manage and advise on internal audits. The qualification will acknowledge that a successful learner has attained the skills, knowledge and competencies equal to those of the highest and most prestigious, globally recognized internal audit certification. This qualification is confirmation to the market (the body of employers in all sectors), that the holder has attained globally recognised competencies which are based on the mastery of academic knowledge and its application in practical work situations.

Recognition of Prior Learning (RPL): RPL for access to the external integrated summative assessment: Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of result or certifying a work experience record. RPL for access to the qualification: Accredited providers and approved workplaces may recognise prior learning against the relevant access requirements. Entry Requirements: A Level 6 qualification and two years post qualification business/financial experience.

• Interpret, document and map business processes.
• Identify relevant and key risks and controls (Both manual and computerised controls).
• Conduct an adequacy assessment of the key controls and select an appropriate audit approach (Risk and control matrix).
• Plan and develop relevant audit programmes.
• Gather sufficient, relevant, reliable and useful engagement information aligned to the key controls.
• Design, prepare, analyse, interpret and conclude on the effectiveness and efficiency of the key controls based on engagement information and complete appropriate working papers for engagement assignments.
• Use draft engagement findings in preparing final reports.
• Determine the appropriateness of management action in line with the internal audit finding and recommendation.
• Identify and document key fraud indicators.
• Reflect on the appropriate application of the International Professional Practices Framework (IPPF) code of ethics in line with the relevant standards.