FAQ's
Why has the IIA Certificate in Internal Audit and Business Risk not been accredited?
The IIA Certificate in Internal Audit and Business Risk is not eligible in the OU’s scheme because of its model of assessment.
Why are awards made before 1996 not valid?
At the time of applying for accreditation, the Open University’s policy was that they would only consider awards dating back to 1996. However, the IIA believes that this credit rating information may still be of use to members who received their awards prior to 1996.
How can I obtain detailed evidence of my awards from the Institute?
Upon request, members will be supplied with a statement of their award from the Institute that will confirm the examinations passed and the total credit points awarded.
How much will this cost me?
There is no charge for this service.
What qualifications can specific credit be gained for at the Open Unviersity?
Credit may be gained towards the Open University general degree. As time goes by, named awards from the Open University will also be published as available as students apply for credit to other named awards.
How may credits can I gain in all?
The credits are cumulative, so that if you have achieved both the Diploma (60 credits) and the Advanced Diploma (60 credits) you may seek up to 120 credits towards a Masters (total credits required for a full Masters 180).
The IIA Certificate in Internal Audit and Business Risk is not eligible in the OU’s scheme because of its model of assessment.
Why are awards made before 1996 not valid?
At the time of applying for accreditation, the Open University’s policy was that they would only consider awards dating back to 1996. However, the IIA believes that this credit rating information may still be of use to members who received their awards prior to 1996.
How can I obtain detailed evidence of my awards from the Institute?
Upon request, members will be supplied with a statement of their award from the Institute that will confirm the examinations passed and the total credit points awarded.
How much will this cost me?
There is no charge for this service.
What qualifications can specific credit be gained for at the Open Unviersity?
Credit may be gained towards the Open University general degree. As time goes by, named awards from the Open University will also be published as available as students apply for credit to other named awards.
How may credits can I gain in all?
The credits are cumulative, so that if you have achieved both the Diploma (60 credits) and the Advanced Diploma (60 credits) you may seek up to 120 credits towards a Masters (total credits required for a full Masters 180).
What credit can I expect to gain towards my MBA?
The rules regarding the MBA are governed by AMBA the Association of MBAs. They have made a ruling that a maximum of 20% of an MBA can be made up of pre-owned credits.
For information, the Open University have clarified that they will limit such applications to a maximum award of 30 credits. In addition, depending on the previous qualifications used to claim the 30 credits, certain optional modules may be excluded. For example, someone with an accounting qualification claiming 30 credits towards the MBA would not be eligible to elect to do optional modules in accounting if this meant a duplication of the previous award.