At the start of 2017, the Chartered IIA brought together a 'trailblazer group' of employers to lead the creation of an internal audit apprenticeship programme to ensure that internal audit could benefit from the opportunities arising from the new apprenticeship levy.
There are two apprenticeships in development: an internal audit practitioner standard and an internal audit professional standard. To ensure the standards are developed with the support of the profession, we conducted a consultation to get views from across all sectors and from employers at organisations of all sizes.
The consultation is now closed but you can read more about the standards here:
The ‘trailblazer group’ was created following the release of the new apprenticeship levy. 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.
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.
An employer has much to gain from taking on these apprenticeships. The cost of apprenticeships training can be fully or partly funded by the new levy. Apprenticeships are an effective and efficient means of developing a pipeline of talent tailored to the company’s culture and required skill set.
Pending the approval of the new standards, an assessment plan will be delivered by the trailblazer group. The trailblazer group is targeting completion of the apprenticeship pathways in the spring, with apprentices starting the following autumn.
For further information on apprenticeships and how they work please visit:
Read our technical blog: Apprenticeship levy - what does it mean for your business?