IPPF IPPF and application of Topical Requirements
This course provides participants with a practical and integrated understanding of governance, risk management and control (GRC) frameworks and how they collectively support organisational purpose, performance and accountability. This course strengthens participants’ ability to critically assess organisational systems, frameworks and behaviours, and apply this knowledge directly to internal audit planning, fieldwork and reporting.
Participants will explore the principles underpinning GRC frameworks, examine leading global standards, and deepen their capability to evaluate the design, implementation and effectiveness of organisational controls and assurance systems.
Topics Covered
Organisational Purpose
Governance
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Definition and principles of good governance in the corporate environment
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Components of governance frameworks
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Global reference frameworks (e.g., OECD, ASX Corporate Governance Principles, COSO)
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How governance influences risk management, control and assurance
Risk Management
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Definition and purpose of risk management
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Relationship between governance, risk and control
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Reference frameworks (e.g. ISO 31000, COSO ERM)
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Underlying risk management principles
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Assessing risk maturity and organisational risk culture
Control
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Relationship of control to risk response
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Control reference frameworks (e.g. COSO Internal Control Framework)
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Understanding management systems and their components
Assurance and the Role of Internal Audit
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Internal audit’s responsibilities in evaluating governance, risk and control
-
Assessing system design, implementation and monitoring
-
Applying GRC frameworks to audit planning and engagement execution
Learning Outcomes
By the end of this course, participants will be able to:
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Explain the concepts of governance, risk management and control and how they interrelate
-
Identify and interpret leading governance, risk and control frameworks
-
Critically reflect on organisational governance and risk maturity
-
Assess control frameworks, including design, implementation and operational effectiveness
-
Evaluate management systems and their alignment with organisational purpose
-
Apply GRC principles to internal audit engagements
-
Strengthen assurance planning and reporting through effective use of GRC frameworks
GRMF Governance Risk Management and Control Frameworks
This course provides participants with a practical and integrated understanding of governance, risk management and control (GRC) frameworks and how they collectively support organisational purpose, performance and accountability. This course strengthens participants’ ability to critically assess organisational systems, frameworks and behaviours, and apply this knowledge directly to internal audit planning, fieldwork and reporting.
Participants will explore the principles underpinning GRC frameworks, examine leading global standards, and deepen their capability to evaluate the design, implementation and effectiveness of organisational controls and assurance systems.
Topics Covered
Organisational Purpose
Governance
-
Definition and principles of good governance in the corporate environment
-
Components of governance frameworks
-
Global reference frameworks (e.g., OECD, ASX Corporate Governance Principles, COSO)
-
How governance influences risk management, control and assurance
Risk Management
-
Definition and purpose of risk management
-
Relationship between governance, risk and control
-
Reference frameworks (e.g. ISO 31000, COSO ERM)
-
Underlying risk management principles
-
Assessing risk maturity and organisational risk culture
Control
-
Relationship of control to risk response
-
Control reference frameworks (e.g. COSO Internal Control Framework)
-
Understanding management systems and their components
Assurance and the Role of Internal Audit
-
Internal audit’s responsibilities in evaluating governance, risk and control
-
Assessing system design, implementation and monitoring
-
Applying GRC frameworks to audit planning and engagement execution
Learning Outcomes
By the end of this course, participants will be able to:
-
Explain the concepts of governance, risk management and control and how they interrelate
-
Identify and interpret leading governance, risk and control frameworks
-
Critically reflect on organisational governance and risk maturity
-
Assess control frameworks, including design, implementation and operational effectiveness
-
Evaluate management systems and their alignment with organisational purpose
-
Apply GRC principles to internal audit engagements
-
Strengthen assurance planning and reporting through effective use of GRC frameworks
EAPIA Ethics and Professionalism in Assurance
The Legal Regulatory and Societal module builds the foundational knowledge required to understand the legal, regulatory, governance, and societal environment within which Australian organisations operate. It explores the complex system of laws, regulations, standards and expectations that shape organisational behaviour, decision-making, accountability, and assurance activities.
Learners will examine how legal and regulatory frameworks intersect with ethics, professionalism, sustainability, risk management and the broader community, and how these factors influence the role and responsibilities of Internal Audit. This module is delivered through five microcredentials:
- IPPF and Application of Topical Requirements Understanding the International Professional Practices Framework and applying current and emerging requirements to assurance activities.
- Ethics and Professionalism in Assurance Exploring ethical obligations, organisational ethics, professional conduct and evaluating ethical culture.
- Compliance and Regulation Covering the legal and regulatory environment, governance mandates, Internal Audit’s role, compliance mapping and assurance mapping.
- ESG and Sustainability Examining environmental, social and governance expectations, sustainability trends, and implications for Internal Audit.
- Governance, Risk Management and Control Frameworks
Understanding the structures and frameworks that guide governance, risk and controls assurance within organisations. Upon completion of all microcredentials, students gain a comprehensive understanding of the regulatory, ethical and societal context that underpins effective internal auditing in Australia
The unit, Ethics and Professionalism in Assurance, is one of five in the building blocks of the Professional Certificate.
CR Compliance and Regulation
The Legal Regulatory and Societal module builds the foundational knowledge required to understand the legal, regulatory, governance, and societal environment within which Australian organisations operate. It explores the complex system of laws, regulations, standards and expectations that shape organisational behaviour, decision-making, accountability, and assurance activities.
Learners will examine how legal and regulatory frameworks intersect with ethics, professionalism, sustainability, risk management and the broader community, and how these factors influence the role and responsibilities of Internal Audit. This module is delivered through five microcredentials:
- IPPF and Application of Topical Requirements Understanding the International Professional Practices Framework and applying current and emerging requirements to assurance activities.
- Ethics and Professionalism in Assurance Exploring ethical obligations, organisational ethics, professional conduct and evaluating ethical culture.
- Compliance and Regulation Covering the legal and regulatory environment, governance mandates, Internal Audit’s role, compliance mapping and assurance mapping.
- ESG and Sustainability Examining environmental, social and governance expectations, sustainability trends, and implications for Internal Audit.
- Governance, Risk Management and Control Frameworks
Understanding the structures and frameworks that guide governance, risk and controls assurance within organisations. Upon completion of all microcredentials, students gain a comprehensive understanding of the regulatory, ethical and societal context that underpins effective internal auditing in Australia
The unit, Compliance and Regulation, is one of five in the building blocks of the Professional Certificate.
EAF Essentials of Accounting & Finance
This module develops students’ understanding of the key organisational functions, systems and processes that underpin effective business operations. It equips learners with the knowledge needed to assess and provide assurance over financial management, technology environments, organisational behaviours, and broader operational functions that contribute to organisational value.
Students will explore foundational concepts in finance, information and communication technology (ICT), data analytics, and organisational operations to strengthen their capability across governance, risk and assurance activities.
OSP is delivered through six microcredentials, comprising core content and electives:
- Data Analytics (choose between PowerBI/SQL) Introduction to data concepts, analytical techniques, data integrity, and how Internal Audit uses data to drive insights and assurance.
- Essentials of Accounting and Finance Covering financial reporting, budgeting, management accounting, and analysis of financial statements to support assurance activities.
- Essentials of ICT Systems and Processes Overview of ICT governance, ICT risks, general and application controls, cybersecurity, ICT project assurance, and audit approaches.
Elective 1 – Specialisation Option
Elective 2 – Specialisation Option
Elective 3 – Specialisation Option
This unit, Essentials of Accounting and Finance, is one of six in the building blocks of the Professional Certificate.
EICT Essentials of ICT Systems and Processes
This module develops students’ understanding of the key organisational functions, systems and processes that underpin effective business operations. It equips learners with the knowledge needed to assess and provide assurance over financial management, technology environments, organisational behaviours, and broader operational functions that contribute to organisational value.
Students will explore foundational concepts in finance, information and communication technology (ICT), data analytics, and organisational operations to strengthen their capability across governance, risk and assurance activities.
OSP is delivered through six microcredentials, comprising core content and electives:
Data Analytics (choose between PowerBI/SQL) Introduction to data concepts, analytical techniques, data integrity, and how Internal Audit uses data to drive insights and assurance.
Essentials of Accounting and Finance Covering financial reporting, budgeting, management accounting, and analysis of financial statements to support assurance activities.
Essentials of ICT Systems and Processes Overview of ICT governance, ICT risks, general and application controls, cybersecurity, ICT project assurance, and audit approaches.
Elective 1 – Specialisation Option
Elective 2 – Specialisation Option
Elective 3 – Specialisation Option
The unit, Essentials of ICT Systems and Processes, is one of six in the building blocks of the Professional Certificate.
MAFS Management Accounting and Financial Statements for Internal Auditors
This module develops students’ understanding of the key organisational functions, systems and processes that underpin effective business operations. It equips learners with the knowledge needed to assess and provide assurance over financial management, technology environments, organisational behaviours, and broader operational functions that contribute to organisational value.
Students will explore foundational concepts in finance, information and communication technology (ICT), data analytics, and organisational operations to strengthen their capability across governance, risk and assurance activities.
OSP is delivered through six microcredentials, comprising core content and electives:
- Data Analytics (choose between PowerBI/SQL) Introduction to data concepts, analytical techniques, data integrity, and how Internal Audit uses data to drive insights and assurance.
- Essentials of Accounting and Finance Covering financial reporting, budgeting, management accounting, and analysis of financial statements to support assurance activities.
- Essentials of ICT Systems and Processes Overview of ICT governance, ICT risks, general and application controls, cybersecurity, ICT project assurance, and audit approaches.
Elective 1 – Specialisation Option
Elective 2 – Specialisation Option
Elective 3 – Specialisation Option
The unit, Management Accounting and Financial Statements for Internal Auditors, is one of specialised electives in the building blocks of the Professional Certificate.
EC Economic Concepts
This module develops students’ understanding of the key organisational functions, systems and processes that underpin effective business operations. It equips learners with the knowledge needed to assess and provide assurance over financial management, technology environments, organisational behaviours, and broader operational functions that contribute to organisational value.
Students will explore foundational concepts in finance, information and communication technology (ICT), data analytics, and organisational operations to strengthen their capability across governance, risk and assurance activities.
OSP is delivered through six microcredentials, comprising core content and electives:
Data Analytics (choose between PowerBI/SQL) Introduction to data concepts, analytical techniques, data integrity, and how Internal Audit uses data to drive insights and assurance.
Essentials of Accounting and Finance Covering financial reporting, budgeting, management accounting, and analysis of financial statements to support assurance activities.
Essentials of ICT Systems and Processes Overview of ICT governance, ICT risks, general and application controls, cybersecurity, ICT project assurance, and audit approaches.
Elective 1 – Specialisation Option
Elective 2 – Specialisation Option
Elective 3 – Specialisation Option
The unit, Economic Concepts is one of specialised electives in the building blocks of the Professional Certificate.