Professional Certificate

Risk-Based Auditing & Internal Audit Practice

Professional Certificate · CMI Recognised · Postgraduate Diploma Pathway

Build a rigorous command of risk-based auditing, internal audit methodology and regulatory compliance. This course equips internal audit professionals and finance staff with the practical frameworks to plan, execute and report audits that genuinely strengthen organisational control.

In-person£1,990
Virtual£990
Self-paced£490
Regionalised Pricing Available
Experienced TrainersDelivered by qualified industry-practitioners
Awarded by
Risk-Based Auditing & Internal Audit Practice
About this course

Why This Course

Internal audit is one of the most technically demanding functions in any finance team, yet many professionals enter it without structured training in audit methodology, risk assessment or regulatory expectations. This course addresses that gap directly, providing a practical and technically rigorous grounding in risk-based internal audit practice.

Participants will examine the regulatory and professional framework governing auditing, develop structured approaches to audit planning, risk identification and control evaluation, and build the reporting skills needed to communicate findings credibly to senior management and audit committees. The course draws on current standards including IIA International Professional Practices Framework (IPPF), ISA 315 and ISA 610, ensuring relevance to both internal and external audit environments.

This course is aligned with the CMI recognised Level 7 Postgraduate Diploma in Accounting and Finance. Participants who complete this certificate and wish to progress to the full diploma may do so through LIBT's structured pathway, with this course counting towards the relevant module requirements.

What you'll cover

Course Content

Inside the programme

Your Learning Journey

By the end of this course, you will be able to:

  • Evaluate the regulatory and professional framework governing internal and external audit practice.

  • Apply risk-based audit planning methodologies to design effective and proportionate audit programmes.

  • Assess internal controls and identify weaknesses using structured evaluation techniques.

  • Execute audit fieldwork in compliance with IIA IPPF, ISA 315 and relevant professional standards.

  • Produce clear, evidence-based audit reports and communicate findings to senior stakeholders and audit committees.

Who should join

Who this programme is designed for

  • Internal auditors at junior to mid-level preparing for senior audit roles
  • Finance professionals transitioning into internal audit functions
  • Audit team leaders and audit managers
  • Finance managers responsible for internal controls and compliance
  • Risk and assurance professionals in regulated industries
Accreditations and Memberships

Our Recognitions

Chartered Management Institute

This course is based on the Postgraduate Diploma in Strategic Leadership and Management (Level 7), which is accredited by the CMI towards gaining the Chartered Manager status.

Association to Advance Collegiate Schools of Business

London Institute of Business & Technology is a member of the prestigious Association to Advance Collegiate Schools of Business (AACSB)

Quality Assurance Agency for Higher Education (QAA)

London Institute of Business & Technology is a full member of the ⁠Quality Assurance Agency for Higher Education (QAA).

Continue your journey

Where this takes you next.

On successful completion you may progress directly into:

Awarding Body

Why choose the London Institute of Business & Technology

The London Institute of Business and Technology (LIBT) is a British institution with over a decade of experience delivering professional and executive education to organisations and individuals across the world. We work with more than 200 companies globally, delivering programmes in the UK, UAE, Thailand, Bhutan, Sri Lanka, Jamaica, the Isle of Man and beyond. Our reach is international; our standards are uncompromisingly British.

Our Track Record

LIBT has been delivering professional and executive education for over ten years. We have worked with organisations across the private, public and third sectors, from regional government bodies and development agencies to multinational corporations and financial institutions. Our programmes have been delivered across four continents, and our trainers bring deep practitioner experience to every cohort they work with.

We do not treat corporate training as a commodity. Every programme we deliver, whether to an individual learner or a cohort of fifty senior leaders, is held to the same standard: rigorous in content, practical in application and relevant to the challenges leaders face today.

Quality and Regulation

LIBT is a full member of the Quality Assurance Agency for Higher Education (QAA), the UK's independent body responsible for safeguarding standards in higher education. This membership confirms that our programmes, processes and academic practices meet the standards expected of a recognised UK higher education provider - an assurance that matters to corporate clients evaluating training providers for senior and executive cohorts.

Professional Accreditations

LIBT holds accreditation and endorsement from the UK's most respected professional bodies.

The Chartered Management Institute (CMI) accredits and endorses a range of LIBT programmes, confirming they meet CMI's standards for management and leadership education. Participants completing a CMI-accredited programme at LIBT become eligible for Chartered Manager status, one of the most widely recognised professional designations in management worldwide.

The Association for Project Management (APM) has recognised LIBT's Postgraduate Diploma in Project Management under its Pathway 2 Recognised Assessment for the Chartered Project Professional (ChPP) designation, placing LIBT among a select group of institutions whose assessment meets APM's professional standard.

Academic Progression

For participants who wish to convert professional achievement into formal academic qualifications, LIBT's programmes provide direct pathways to postgraduate and undergraduate degrees at partner universities including the University of London, Coventry University, the University of Lancashire, the University of Portsmouth, the University of Essex, the University of Wolverhampton and Acacia University in the United States. Progression is based on each university's independent review of LIBT's programmes and outcomes.

From our community

Reviews from students across programmes we offer.

Hear from the professionals who studied with LIBT, the skills they gained, the goals they reached, and the moments that changed how they work.

FAQ

Frequently Asked Questions

Is this course suitable for professionals with no prior audit experience?
The course is designed for finance professionals transitioning into audit roles as well as practising auditors seeking structured development. Some familiarity with financial statements and organisational finance processes is expected, but prior audit experience is not a prerequisite.
Which professional standards does this course cover?
The course is grounded in the IIA IPPF, ISA 315 and ISA 610, which represent the most widely applied standards in internal and external audit practice globally. Relevant sector-specific standards are incorporated into in-house delivery where applicable.
Can this course be delivered for our organisation's internal audit team?
Yes. LIBT offers bespoke in-house delivery for corporate audit teams, with risk scenarios, control frameworks and audit case material contextualised to your sector and internal audit methodology. This format is particularly well suited to organisations seeking a structured audit skills development week for their team. Contact us to discuss your requirements.
Take the next step

Ready to lead at the next level?

Register in minutes and start whenever suits you. If you would like to discuss the course, your delivery options, or how it fits into your development plan, our team is happy to talk it through beforehand.