Competencies required
Candidates are expected to demonstrate their suitability in both the written application and during the professional discussion. The criteria, based on the IPPF, are shown below together with the evidence that is required, and how each will be assessed.
1. Professionalism
Code of Ethics
1000 Purpose, authority and responsibility
1100 Independence and objectivity
1130 Impairment to independence or objectivity
Competencies
1.1 Upholds the International Standards for internal audit
1.2 Upholds the IIA's Code of Professional Conduct
1.3 Operates with integrity
Evidence
Written application
- The candidate is a member in good standing of the IIA prior to or at the point of CBE application
- The sponsor is person of good professional standing
- The sponsor confirms that he or she has known the candidate in a professional capacity for a minimum of six months and has signed a statement to this effect
- The referees' statements confirm the candidate's professional integrity
- The candidate demonstrates a good working knowledge of the IPPF (including non-mandatory elements) and its practical application
Within assessment
The assessment will cover areas within your experience such as ethical dilemmas and conflicts of interest and challenge your conformance to the current professional standards.
2. Proven business acumen
1200 Proficiency and due professional care
Competencies
2.1 Understands the client organisation and sector in which it operates including the legal and regulatory framework
2.2 Has operated at a senior level with responsibility for:
- strategy development and implementation
- management of financial and human resources
Evidence
Written application
- The letter of application and CV demonstrate that the candidate has had responsibility for strategy development and implementation, and management of financial and human resources
- The referees' statements confirm the veracity of the candidate's letter of application and CV
Within assessment
Within the assessment your experience will be explored in areas relating to your organisation including change, strategic development and managing financial and HR resource.
3. Current role
1300 Quality assurance and improvement programme
2000 Managing the internal audit activity
2500 Monitoring progress
2600 Communicating the acceptance of risks
Competencies (and HIA definition)
The candidate has worked as a head of internal audit, or at an equivalent senior level in an internal audit role, which is defined as follows:
3.1 Attends meetings of the audit committee and/or has regular contact with its members
3.2 Has regular interaction with senior executives within the host or client organisation(s)
3.3 Is accountable for helping develop and deliver the periodic audit plan
3.4 Has responsibility for leading and deploying human and other resources to help deliver the periodic audit plan
3.5 Is accountable for the quality of internal audit work produced
3.6 Is responsible for the development and delivery of the audit strategy within the audit function or service provision (either solely or collectively as part of a senior management team).
In exceptional circumstances, specific eligibility criteria may be waived by the assessment panel. One example of this is where experience and expertise may be demonstrated through a significant academic career or similar record of internal audit achievement.
Evidence
Written application
- The candidate indicates that they have satisfied requirements 3.1-3.6
- The referee's statement confirms the veracity of the candidate's letter of application and CV and the accuracy of the organisation chart
Within assessment
The assessment will look to evidence your engagement with relevant stakeholders including audit committees and senior executives probing about execution of IA plans and resourcing. Improvement and quality assurance planning will also be covered.
4. Attributes
2200 Engagement planning
2400 Communicating results
Competencies
Demonstrates personal skills in:
4.1 Leadership, relationship building and influence
4.2 Communication
4.3 Change management
4.4 Line management
4.5 Project management
4.6 Data handling and analysis
Evidence
Written application
- The candidate has provided letter of application and CV provide examples of actions undertaken and roles held that support the conclusion that the candidate possesses the attributes described in 4.1-4.6
- The referee's statement confirms the veracity of the candidate's letter of application and CV
Within assessment
Within the assessment subject areas including leadership, management of change and projects along with data handling and analysis will be examined through your experience.
5. Technical expertise
2100 Nature of work
Competencies
5.1 Interprets and applies the International Standards for internal audit
5.2 Understands and evaluates corporate governance, risk assessment, risk management, systems of internal control and control frameworks as applied to strategic and operational activities
5.3 Understands the principles of financial management and accounting
5.4 Is conversant with relevant risks associated with information systems and technology
5.5 Demonstrates an awareness of red flags for fraud and strategies for dealing with them
Evidence
Written application
- The application letter and CV demonstrate that the candidate is a leader in governance, risk and control.
- The referee's statement confirms the veracity of the candidate's letter of application and CV
Within assessment
Examples from your application will be questioned and probed to find out more about your experience around governance and risk control, finance management and elements of IT and fraud.