Top 7 Internal Auditing Courses In South Africa

Several institutions in South Africa offer internal auditing courses, ranging from diplomas to advanced degrees. Below are some examples of programs and their general requirements.

Internal Auditing Courses In South Africa

1. University of South Africa (UNISA) – Bachelor of Accounting Sciences in Internal Auditing

Course Description: This undergraduate degree provides theoretical and practical knowledge in internal auditing, risk management, and corporate governance.
Requirements:
- National Senior Certificate (NSC) with a minimum of 50% in Mathematics and English.
- Alternatively, a Senior Certificate (SC) with a pass in English and Mathematics.
- Students may also need a minimum APS (Admission Points Score) of around 21, depending on the institution’s cut-off.

2. Institute of Internal Auditors South Africa (IIA SA) – Internal Auditing Learnership Programs

Course Description: The IIA SA offers various learnership programs, leading to certifications like the Certified Internal Auditor (CIA) qualification. These courses provide practical training and theoretical education in the principles and practices of internal auditing.
Requirements:
- A diploma or degree in accounting, finance, or a related field is usually required for the CIA program.
- Membership with the IIA SA is necessary.
- Work experience in internal auditing is often needed for more advanced certifications like the CIA.

3. University of Johannesburg (UJ) – Diploma in Internal Auditing

Course Description: This diploma focuses on the foundations of internal auditing, including risk management, control, and governance processes.
Requirements:
- National Senior Certificate (NSC) with appropriate combinations of recognized subjects (usually requiring English and Mathematics).
- An APS score typically between 19 and 23, depending on the subjects.

4. North-West University (NWU) – Advanced Diploma in Internal Auditing

Course Description: This advanced diploma is aimed at equipping students with further expertise in auditing and governance. It covers both theoretical aspects and practical case studies.
Requirements:
- A relevant diploma or degree in internal auditing, accounting, or a related discipline.
- Adequate knowledge of accounting, auditing standards, and risk management.

5. Damelin – Certificate in Internal Auditing

Course Description: This short course is designed for individuals looking to enhance their understanding of internal auditing fundamentals, focusing on practical auditing skills.
Requirements:
- A Grade 12 (Matric) certificate.
- Basic understanding of accounting principles is beneficial, but not always mandatory.

6. Cape Peninsula University of Technology (CPUT) – Diploma in Internal Auditing

Course Description: The program emphasizes skills like auditing principles, financial accounting, and business ethics.
Requirements:
- NSC with Mathematics or Accounting, and English.
- APS of approximately 26 or above, depending on the specific faculty requirements.

7. Chartered Institute of Management Accountants (CIMA) – Internal Auditing Specialization

Course Description: CIMA offers a qualification path focused on internal auditing for those in management accounting.
Requirements:
- Typically, a background in accounting or finance is preferred, though some entry-level certifications do not require prior experience.
- A Matric certificate may be required for basic entry.

Requirements Of Internal Auditing Courses In South Africa

Internal auditing courses in South Africa are designed to equip individuals with the necessary skills and knowledge to assess and improve an organization’s risk management, control, and governance processes. Below are the general requirements for pursuing internal auditing courses in the country:

1. Educational Background

Entry-Level Courses: For diploma or certificate programs, candidates typically need a National Senior Certificate (NSC) with a reasonable pass in mathematics and accounting or related subjects.
Bachelor’s Degree: For undergraduate degree programs in internal auditing, applicants need an NSC or an equivalent qualification with strong performance in mathematics, accounting, and business studies.
Postgraduate Courses: For advanced programs like a Postgraduate Diploma or a Master’s in Internal Auditing, you generally need an undergraduate degree in internal auditing, accounting, or a related field.

2. Accreditation Requirements

Look for programs accredited by institutions like:
- The Institute of Internal Auditors South Africa (IIA SA) – they provide certifications such as the Certified Internal Auditor (CIA).
- South African Qualifications Authority (SAQA) accreditation for recognized qualifications.

3. Professional Certifications

Most programs prepare you for professional certifications such as:
- Certified Internal Auditor (CIA): Requires passing the CIA exams and having work experience.
- Certified Information Systems Auditor (CISA), if focusing on IT auditing.

4. Work Experience

Many internal auditing courses (especially advanced ones) require candidates to have relevant work experience or work placements as part of their program.
For certifications like the CIA, you often need at least two years of work experience in internal auditing or a related field.

5. Course Duration and Structure

Diplomas and undergraduate degrees usually take 3-4 years to complete.
Postgraduate diplomas can take 1 year if pursued full-time.
Certifications (such as CIA) vary based on study schedules and exam preparation time.

6. Skills and Competencies

Strong understanding of accounting principles, risk management, and internal control frameworks.
Proficiency in analytical skills, problem-solving, and communication.

7. Continuous Professional Development (CPD)

Once qualified, internal auditors in South Africa are expected to complete CPD hours annually to maintain their certifications, especially for IIA SA membership.

Courses and requirements may vary slightly depending on the institution. Always check with the university or college for specific entry requirements and course details.

Fees Of Internal Auditing Courses In South Africa

The fees for internal auditing courses in South Africa can vary widely depending on the institution and the level of study. Here are some options:

University of Johannesburg: The BCom Honours in Internal Auditing program for 2024 has a fee of approximately ZAR 32,330
University of South Africa (UNISA): The Postgraduate Diploma in Internal Auditing costs around ZAR 9,750 for the full qualification, which is completed over a year. Additional costs may include registration fees and study material
IIE MSA: The Postgraduate Diploma in Internal Auditing is estimated to cost about ZAR 59,000 for the entire program
Institute of Internal Auditors South Africa (IIA SA): They offer various professional training programs, with fees that may start from around ZAR 4,500 for workshops and short courses, and can go up to ZAR 15,000 for more comprehensive certifications

These costs are indicative and may vary based on factors like location, duration, and specific course content. It’s best to check with the respective institutions for the most accurate and up-to-date information regarding fees and any additional costs

Career Opportunities Of Internal Auditing Courses In South Africa

Internal auditing is a growing field in South Africa, and completing relevant courses can open up various career opportunities. Here are some of the key career paths and opportunities available to individuals with qualifications in internal auditing:

1. Internal Auditor

Conduct audits of various departments and processes within organizations to ensure compliance with regulations and internal policies.
Identify risks and recommend improvements.

2. Risk Manager

Assess and manage risks within an organization, including financial, operational, and compliance risks.
Develop risk management strategies and frameworks.

3. Compliance Officer

Ensure that the organization adheres to laws, regulations, and internal policies.
Develop and implement compliance programs.

4. Forensic Auditor

Investigate fraud and financial discrepancies within organizations.
Work closely with law enforcement and legal teams.

5. IT Auditor

Evaluate an organization’s IT systems and controls to ensure the integrity and security of data.
Assess risks related to technology and information systems.

6. Audit Manager

Oversee audit teams and manage audit projects.
Ensure audits are conducted in compliance with standards and best practices.

7. Consultant

Provide external consulting services to organizations on internal audit practices, risk management, and compliance.
Offer specialized expertise in areas like fraud detection, IT security, or regulatory compliance.

8. Chief Audit Executive (CAE)

Hold a senior leadership role responsible for the internal audit function of an organization.
Develop and implement audit strategies and align them with organizational goals.

9. Government Auditor

Work for government agencies to conduct audits of public funds, programs, and services.
Ensure accountability and transparency in public sector financial management.

10. Corporate Governance Specialist

Help organizations establish effective governance frameworks.
Ensure alignment of business practices with ethical standards and regulations.

Job Market Insights

Demand for Skills: There is a growing demand for skilled internal auditors due to increasing regulatory requirements and the need for risk management.
Professional Bodies: Joining organizations like the Institute of Internal Auditors South Africa (IIA SA) can enhance credibility and provide networking opportunities.
Salary Potential: Salaries can vary widely based on experience, qualifications, and the industry, but roles in internal auditing typically offer competitive remuneration.

Relevant Courses

Certified Internal Auditor (CIA)
Bachelor’s or Master’s Degree in Accounting, Finance, or Business Administration
Risk Management Certifications
Forensic Auditing Courses
IT Auditing Certifications

Conclusion

Internal auditing presents a range of career opportunities in South Africa, offering various paths for professionals to grow and specialize. With the right qualifications and experience, individuals can build successful careers in this essential field