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Level 4

Internal Audit Practitioner Apprenticeship

The role of internal audit departments is to provide an independent, objective assurance and consulting activity to add value and improve an organisation’s operations. Get started with our Internal Audit Practitioner Apprenticeship.

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Programme overview: Internal Audit Apprenticeship

The role of internal audit departments is to provide an independent, objective assurance and consulting activity to add value and improve an organisation’s operations.

Internal Audit helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Internal Audit has an enterprise-wide remit and mandate, which means assessing the adequacy and effectiveness of all areas of an organisation including the risk management, compliance and finance functions. Internal Audit is the last line of defence in an organisation and, as such, must remain impartial and independent in how it works alongside all areas of the organisation.

IAPracs will be competent in undertaking all aspects of internal audit engagements. They are typically part of an audit team operating under the management of the Internal Audit Professional (IAProf) or Head of Internal Audit.

What will you learn?

Internal Audit Practitioners will be competent in undertaking all aspects of internal audit engagements.

Commercial Awareness

IAPracs will understand the internal (operational transactions of the organisation/business area
being audited) and external (political, commercial, economic, social, cultural, technological, legislative, environmental) environment of the organisation being audited, organisation’s industry.

Corporate Governance and Risk Management

IAPracs will demonstrate an awareness of the characteristics of good corporate governance and risk management, and the role of Internal Audit. IAPracs will be able to assess the contribution they make to organisational effectiveness and assurance. IAPracs will be expected to work with IAProfs in the audit of more complex topics, e.g. culture, risk management, strategy, fraud prevention.

Organisational Business Processes

IAPracs will understand the risk and control implications of different organisational structures, business processes and IT Systems, and how these relate to specific audit work. IAPracs will know where to find relevant internal policy, processes and standards relevant to business area being audited and external regulation/legislation which might impact the organisation.

Risk and Control / Audit Methodology

IAPracs will know the different types of controls, management control techniques, and internal control framework characteristics (e.g. Committee Organisations Sponsoring Treadway Commission (COSO), International Standards Organisation (ISO), Control Objectives for Information & Related Technologies (COBIT)) used within their organisation and industry.

Building relationships

IAPracs will build sustainable relationships based on trust and respect, within their function and with stakeholders, on an audit by audit basis. This will drive two-way communication with the business being audited to inform the audit plan, support plan changes and aid Internal Audit’s understanding of the risk profile of the business, how the policy, processes and standards in an organisation are being applied by the business as detailed during process mapping, i.e. the walkthrough process.


IAPracs will communicate clearly and succinctly both verbally and in writing. IAPracs will adapt their communication style to suit different situations. IAPracs will promote open communication, demonstrating the ability to apply appropriate interview techniques during delivery of their audit work and effectively articulating findings to IAProfs. IAPracs will be able to effectively contribute to meetings.


IAPracs will collaborate effectively with other audit colleagues to gain understanding and insights to inform audits and gather data to deliver results, and will be team players.

Data analytics

With guidance, IAPracs will select and use tools/techniques to obtain relevant data/information for specific audit assignments. IAPracs will apply sampling, data analysis and other statistical techniques to analyse and assess data and draw preliminary conclusions.

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We work with the best companies in the UK

At MBKB, we will work closely with you to get to know your organisation and it’s needs, ensuring that we can tailor all of our training programmes to meet these needs and help to transform your talented workforce.