Level 4 Internal Auditor Technician
The Internal Auditor Technician Level 4 apprenticeship standard will equip learners with the knowledge, skills and tools to work as part of an organisational audit team and follows the International Professional Practices Framework® (IPPF®).
The apprenticeship supports a planned and disciplined approach to the assessment and improvement of risk management, control, governance processes, and engagement with stakeholders on actions audited and assessing compliance and risk within governance frameworks.
Developing skills to assess the effectiveness of various areas of the business and the ability to undertake designated aspects of routine internal audit engagements, follow assigned tasks from internal auditors and check documentation to ensure accuracy and reliability.
This apprenticeship gives you and your organisation the opportunity to access a minimum of 95% funding for developing the Auditor Leaders of the future.
What is an apprenticeship?
An apprenticeship is a blend of a full-time job with training. The apprentice will roughly split their time 80/20. Majority of their working time will be spent carrying out their day-to-day job responsibilities. A minimum of 6 hours per week of their normal work time will be ‘off-the-job’ and spent actively working towards their apprenticeship qualification.
For consistency, the minimum off the job hours for each different course has been set by the Department of Education. Depending on how the course is planned and delivered, the hours required to be successful on the course may be higher than the statutory minimum.
Vital to the success of the apprenticeship, the learner has to be actively working towards the standards at least 20% of the time they are paid by you over a minimum duration of 12 months.
Who is the Apprenticeship for?
An internal audit team member, their job title maybe Junior auditor.
An apprentice must have a minimal amount of prior understanding of the business.
They may be managed by the Internal Audit Professional (IAProf) or Head of Internal Audit.
They may also interact with colleagues and peers outside the audit team when conducting or supporting audit engagements and feedback tasks.
Apprenticeship learning route benefits
- You will have weekly virtual face to face delivery sessions (min 3 hours a week)
- Employer only has to pay up to 5% of the course and assessment cost
- Apprentices are allocated at least 6 hours of their paid work time to complete the apprenticeship – min 3 hours at Whyy? Change, min 3 hours spent applying the learning in the workplace with the overall minimum number of 418 hours required over the on-program period.
- Qualifications in Level 2 Maths and English (if not already held)
- Our expert practitioners will deliver interactive and engaging sessions for the standard apprenticeship and additional qualifications, helping to keep the apprentice relaxed and in a familiar environment.
What will you study?
- Professional Practice standards ethics and internal audit foundations Ability to recognise and apply professional standards and context of an internal auditor role, compliance to the internal audit manual, Code of Ethics, principles of due professional care and internal audit charter, management of perceived impairments and principles of environmental, social and governance standards.
- Engagement planning and risk assessment activities Supports the planning of internal audit engagements by gathering background information, completing and prioritizing risk assessments, identifying relevant internal and external requirements and helping shape engagement objectives, scope and testing activities.
- Audit testing, evaluation, and analytical activities Supports audit testing under supervision by evaluating governance, risks, and controls; using walkthroughs, sampling, data analysis, and other techniques; and assessing the sufficiency and reliability of evidence to help develop potential findings.
- Communication, stakeholder engagement, and reporting activities Using appropriate communication techniques to engage stakeholders, build trust, contribute effectively to meetings, and support the development of recommendations. Prepares accurate workpapers and assists in producing clear, concise, constructive audit reports.
- Workload management and follow-up activities Planning and managing workload to meet deadlines, prioritizing tasks, escalates issues where needed, and supports follow-up work by helping confirm the implementation of agreed action plans after audit completion.
Eligibility
At Whyy?, we assess every potential learner to check they’re eligible and will discuss what you’d like to get out of the apprenticeship as well as the learner.
- Aged 16 or over (no upper age limit)
- Employed
- Living in the UK or EU for the past 3 years
- Learning significant new knowledge, skills and behaviours
- Not on any other fully-funded training course
Once the learning has been completed, to assess that they understand and can apply their new knowledge, skills and behaviours, they will be independently assessed through various assessment methods that will challenge them but will prove valuable for their careers in learning and development.
Funding
The Internal Audit Technician Apprenticeship costs £10,000. You can get 95-100% funding available so you’ll only have to pay a maximum of 5% (£500) for the apprenticeship. To access this funding, all employers must have digital apprenticeship account.
What are the benefits of this Apprenticeship/accreditation?
- Develop professionalism and knowledge at all levels within your Internal Audit Team and be satisfied that Audits will be robust and effective in assessing the current state of the organisation.
- Improved Risk awareness, identification, management and controls throughout the entire Audit process and audited areas.
- Chartered Institute of Internal Auditors – Foundations of Internal Auditing is recognised nationally as a core base foundation qualification that will demonstrate competence and professional standards for your organisation and the team.
- During the apprenticeship you will be able access exclusive Whyy? Change and sector resources enabling you to develop and apply your skills to your role straight away.
- This apprenticeship and foundation qualification align with the following professional recognition: Chartered Institute for Internal Auditors for Certified Practitioner.
Qualifications
English and Maths
English and maths qualifications must be completed in line with the apprenticeship funding rules.
18 months
On programme 18 months as this is a new apprenticeship the duration of the End Point Assessment is yet to be confirmed.
Price
Funding Band: £10,000 Price for value add quals: N/A
Delivery Method
Virtual Face to Face
Whyy? Change HQ
Unit 7B, AESSEAL New York Stadium, New York Way, Rotherham, S60 1FJ
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Knowledge
they’ll learn
K1: The professional context of internal audit including the characteristics of the role of auditors, contribution of internal audit to the achievement of organisational objectives and the requirement to be independent and objective.
K2: The underpinning professional standards and principles of professional and ethical internal audit, including the Code of Ethics, principles of due professional care and internal audit charter.
K3: The concept and characteristics of governance, risk management and control.
K4: Principles of environmental, social, and governance standards.
K5: The different core types of controls, including preventative, directive and corrective controls.
K6: The purpose of a strategic internal audit plan, its development, structure, and how it aligns to an organisation’s strategy.
K7: Effective engagement planning, including communication, risk assessment, identifying objectives and scope, evaluation criteria, resources, and work programme.
K8: The stages and methodologies of an internal audit and the associated roles in the process, such as research, planning, fieldwork, testing, reporting, and follow-up of any recommendations.
K9: The function of the internal audit manual.
K10: Principles of research, including the identification and use of internal policy, processes, and standards relevant to the area being audited, and any external regulation or legislation which may impact the organisation being audited.
K11: The purpose of performing a risk assessment during engagement planning, and the steps involved.
K12: Types of misstatement, error, fraud, fraud risk, and red flags for fraud.
K13: The law, regulations, policies, and procedures related to confidentiality, privacy, and information security when using information gathered during internal audit work.
K14: Fundamental concepts of IT software packages and data analytics audit tools and techniques, such as spreadsheets, when conducting internal audit work.
K15: Key documents and communications that underpin internal audit interactions with an organisation’s board and senior management.
K16: The role of performance measurement in enhancing quality in internal audit work.
K17: Key principles of communication in the audit process, including building relationships and trust, influencing, negotiating, different approaches to communicating, the key stages of engagement communications, dealing with significant errors or omissions in internal audit work, and the requirement to communicate any unacceptable levels of risk.
K18: The elements of an appropriate internal audit engagement conclusion, including the significance and priority of recommendations, any scope limitations, the overall conclusion, and applicable actions plans, as well as the importance of subsequently confirming that management has implemented the recommendations or actions plans.
K19: Principles of workload management to ensure deadlines are met, including planning and managing time effectively, prioritising tasks, and escalating problems where appropriate.
Skills
they’ll develop
S1: Conduct all audit work in compliance with an organisation’s internal audit manual.
S2: Recognise and avoid or mitigate any potential, actual, or perceived impairments to an individual internal auditor’s objectivity in accordance with professional standards and organisational policy.
S3: Use appropriate systems and software in line with organisational policies and procedures.
S4: Communicate clearly and succinctly, both verbally and in writing, adapt communication style to suit different situations, promote open communication stakeholder engagement, and effectively contribute to meetings.
S5: Contribute to managing the internal audit engagement activity’s reputation and stakeholder expectations.
S6: Support the planning of effective engagements by gathering information to understand the organisation and activity under review, completing risk assessments and prioritising risks to determine engagement objectives, scope, and evaluation criteria.
S7: Support the completion of detailed risk and control assessments, and support the development of work and testing programmes or practices to conduct audits.
S8: During assigned audits, examine and evaluate the governance, risks, risk management, and controls related to the organisation by reference to published guidance.
S9: Assist in the utilisation of walk throughs and process mapping to document and understand business processes.
S10: Select and use tools and techniques, under guidance, to gather relevant, reliable, and sufficient information for audit assignments.
S11: Apply appropriate sampling, data analysis, and other analytical review techniques, as directed, to analyse information and develop potential engagement findings.
S12: Use data analytics and software tools, such as spreadsheets, to gather and analyse data as directed within an internal audit engagement.
S13: Evaluate the relevance, sufficiency, and reliability of the sources and information gathered.
S14: Support the analysis of the adequacy of criteria and methods used by management to determine whether the activity has accomplished its objectives and goals.
S15: Select and apply appropriate questioning and negotiating techniques during delivery of audit work to influence positive outcomes.
S16: Prepare internal audit workpapers and supporting documentation, ensuring it is accurate, relevant, and complete.
S17: Support the identification of engagement conclusions, including the development of recommendations, or collaborating with management to produce action plans that resolve findings, mitigate risks, address root causes, and enhance or improve the activity under review.
S18: Under supervision, prepare reports that are accurate, objective, clear, concise, constructive, and timely.
S19: Support the internal audit team in confirming that management subject to the audit engagement have implemented agreed action plans to address audit findings.
S20: Apply principles of workload management to support deadlines being met, including planning and managing time effectively, prioritising tasks, and escalating delivery problems to audit lead or manager where appropriate.
Behaviours
they’ll adopt
B1: Acts professionally, ethically, and with integrity, demonstrating organisational values in how they work, maintaining confidentiality, independence, and objectivity.
B2: Demonstrates drive and energy, with a willingness to get the job done.
B3: Supports audit activities with a questioning mind and being alert to conditions that may indicate possible misstatement of information due to error or fraud.
B4: Works collaboratively and as a team player.
B5: Works flexibly and adapts to changing circumstances and environments, approaching audit work with an open mindset.
