Following the introduction of the new apprenticeship levy, the Chartered IIA is keen to ensure the internal audit profession benefits from the government’s support for apprenticeships.
We believe that our field will be strengthened by the introduction of a dedicated internal audit apprenticeship programme. So, we have brought together a 'trailblazer group' consisting of ten employers – including Barclays, BT and Mazars – to work with us to create one.
By providing a new route into a career in internal audit we will be able to tap into a new talent pool of people, including those with some experience in other fields but no degree. This is likely to enhance the positive movement between internal audit and other business functions.
We also see the creation of an apprenticeship in internal audit as an assertion of the status of the profession as distinct and valuable to UK business.
The trailblazer group has submitted an expression of interest to the Institute for Apprenticeships for two apprenticeships schemes:
This is a level 4 apprenticeship. What does this mean?
Internal audit practitioners are recognised globally as experts in risk management, internal audit, governance and control. IAPs are competent in undertaking all aspects of internal audit engagements, either as part of a team or as an individual assignment. They typically report to professional internal auditors (see below).
Status – approved
The internal audit practitioner apprenticeship has been approved for development. The trailblazer group will now develop standards which will be put out for consultation in the autumn.
This is a level 7 apprenticeship.
Professional internal auditors are highly competent internal auditors who are capable of making a significant contribution to the success and strategic direction of an organisation. They are trusted advisers to senior management. PIAs provide challenging and sometimes provocative insights into risks and internal controls across all areas of activity.
Status – in progress
The application is still being progressed. We will update this page with news and progress.