Qualified members can use these credit ratings to support an application for study of a further qualification that they wish to undertake at a higher education institution. Confirmation of these credit ratings are given on the Open University’s website at www.open.ac.uk/credit-rating, where selecting the link to General Credit Ratings will take you to a listing noting the Chartered Institute of Internal Auditors – UK and Ireland. Here you can download a Certificate of General Credit that may be presented to the higher education institution that you wish to study at. The higher education institution may then choose to accept this credit towards a qualification that they offer. The credits are cumulative, so if you have achieved both the Diploma (60 credits) and the Advanced Diploma (60 credits), for example, you may seek up to 120 credits towards a Masters (180 credits are required for a full Masters). 
 

Members should note that they could elect to accept just a proportion of the credit sought. This will depend upon the relevance of the study to be undertaken, acceptance will vary from establishment to establishment and any award is made at the discretion of the higher education institution that you approach.

The credit ratings awarded by the Open University are based on the academic content of qualifications only and do not take into account the interpersonal skills or professional competencies also developed. The credit ratings can therefore be broken down to the individual theory modules. As noted above, It is therefore possible that credit may only be considered for those theory modules that were actually undertaken by the member. Members therefore may not get credit for theory modules where exemptions were gained from the IIA.

For example, the IIA Diploma consists of five theory modules, each rated at 12 points. Where a member was given exemption to the Organisation and Management module and the Accounting and Financial Systems module, it may be the case that they would only gain 36 points for the other three modules completed.

 

The credit ratings are valid for awards made since 1996. If a member’s award is made before this date then the IIA would recommend that the process offered here may still be used but that members should bear in mind that their awards may not be considered.

 

In addition to the opportunities with other higher education institutions, members can also take advantage of awards of specific credit towards particular Open University distance-taught qualifications. An award of specific credit effectively gives the learner a guarantee of the award of credit towards one particular Open University qualification, subject to the usual rules for that qualification. Further information can be found in the professional/vocational study section of the Open University’s Credit Transfer website at http://www3.open.ac.uk/credit-transfer/index.shtm.

 

In order to gain credit at any institution you would also be required to present evidence of your award from the Institute. The Institute would be happy to support any application for credit and we should be contacted at studentsupport@iia.org.uk if any assistance is required.