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Internal Audit Function

The Internal Audit Function course by the Institute of Internal Auditors equips aspiring chief audit executives (CAEs) and internal audit managers with the strategic framework to establish, govern, and lead high-impact audit functions in complex organizations. It solves the critical pain point of aligning audit activities with enterprise risk and governance demands in volatile, uncertain, complex, and ambiguous (VUCA) environments. With over 200,000 Certified Internal Auditors (CIAs) worldwide, demand for structured, standards-aligned leadership in internal auditing continues to grow.

This course prepares learners for the Internal Audit Practitioner (IAP) designation and enhances readiness for the CIA exam Part 1. Koenig Solutions delivers official vendor-authorized courseware and 30-day lab access, ensuring mastery of IPPF standards and real-world application. Graduates gain the strategic authority to shape audit functions that drive organizational integrity and long-term value.

32 Hours (4 Days)
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Course Overview

The Internal Audit Function course by the Institute of Internal Auditors is designed to equip professionals with the strategic and operational knowledge required to establish, manage, and govern a high-performing internal audit function. Tailored for aspiring Chief Audit Executives (CAEs), internal audit managers, and senior auditors, this program aligns with Part 3 of the Certified Internal Auditor (CIA) exam, reinforcing global standards and best practices. Participants gain critical insights into organizational governance, risk management frameworks, and stakeholder engagement, including interactions with audit committees and executive leadership. With over 220,000 CIAs worldwide and 70% of CAEs preferring to hire certified professionals, this course meets growing industry demand for qualified auditors who can strengthen organizational integrity and compliance.

This course emphasizes practical application through hands-on learning using industry-standard tools such as Microsoft Excel, SQL, Power BI, Tableau, ACL, and IDEA for data analysis and audit automation. Students engage in real-world scenarios within a lab environment that simulates enterprise systems, where they configure risk-based audit plans, perform control testing, and develop dashboards for performance measurement. A key project involves designing a Quality Assurance and Improvement Program (QAIP), including benchmarking, compliance tracking, and reporting mechanisms that align with The IIA’s International Professional Practices Framework (IPPF). These exercises build technical proficiency while reinforcing core competencies in fraud detection, ERM integration, and audit function optimization in volatile, uncertain, complex, and ambiguous (VUCA) environments.

Preparation for the CIA certification ensures global recognition and career advancement, with certified professionals earning on average $26,000–$38,000 more annually than non-certified peers. Koenig Solutions enhances this journey with Guaranteed-to-Run training, official courseware, and 1-on-1 mentoring to ensure mastery of the Internal Audit Function curriculum. Graduates are positioned for roles such as Audit Director or Chief Audit Executive, with salary ranges extending up to $285,000 based on experience and organizational scope. By mastering the governance, strategy, and technological resources needed to lead an effective internal audit function, participants emerge ready to drive assurance excellence and strategic value across diverse industries.

What You'll Learn

✓Establish an internal audit function aligned with the Institute of Internal Auditors' standards to strengthen your organization's governance and control environment.
✓Develop an effective internal audit strategy based on The IIA's Three Lines Model, ensuring clear roles and responsibilities across your organization.
✓Implement risk-based audit planning in accordance with The IIA's standards to identify and address key risks, enhancing audit effectiveness.
✓Manage internal audit resources efficiently within a VUCA (Volatility, Uncertainty, Complexity, Ambiguity) environment to deliver consistent value.
✓Conduct comprehensive quality assurance reviews following The IIA's International Professional Practices Framework (IPPF) to uphold audit quality.
✓Improve stakeholder reporting by applying Institute of Internal Auditors governance principles, ensuring transparency and stakeholder confidence.

Prerequisites

Recommended knowledge before taking this course
  • Principles of Internal Auditing from the Institute of Internal Auditors
  • Understanding of The IIA’s International Professional Practices Framework (IPPF)
  • Foundational knowledge of corporate governance and enterprise risk management (ERM)
  • Familiarity with internal audit standards and assurance and advisory engagement phases
  • Experience with audit planning, risk assessment inputs, and reporting processes
  • Basic understanding of internal audit function governance, including charter development and independence
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Certification Exam

Everything you need to know about the Internal Audit Function certification exam

Exam Details
Exam Name
Format
Multiple choice, labs & case studies
Questions
Duration
Passing Score
Validity
Retake Policy
Candidates must wait 60 days between attempts; after three unsuccessful attempts, a one-year waiting period is required before reapplying for the exam
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Internal Audit Function

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Course Curriculum

Structured learning with hands-on labs and real-world scenarios

1
Day 1– Establishing the Internal Audit Function
Master Internal Audit Function standards per Institute of Internal Auditors Apply the Three Lines Model for organizational defense Draft a robust Internal Audit Function charter Gain formal board and executive management approval Define CAE reporting lines for maximum authority Guarantee independence and objectivity in audit operations Optimize organizational placement for internal audit impact Select optimal in-house, outsourced, or co-sourced structures
2
Day 2– Governing the Internal Audit Function
Identify essential CAE leadership and appointment attributes Assess professional communication and technical competencies Maintain due professional care in every engagement Build a high-impact internal audit staffing strategy Evaluate critical soft and digital skill requirements Manage external service providers for specialized tasks Implement effective auditor rotation and tenure policies Align the function with global governance frameworks
3
Day 3– Strategic Planning and Resource Management
Integrate Internal Audit Function plans with risk management Establish standardized internal audit methodologies and workflows Develop a risk-based annual internal audit plan Manage financial resources and departmental budgets efficiently Optimize human resource allocation for audit projects Leverage advanced technological tools and audit platforms Navigate complex audit operations in VUCA environments Benchmark Internal Audit Function performance against peers
4
Day 4– Quality Assurance and Performance Measurement
Implement a Quality Assurance Improvement Program (QAIP) Conduct rigorous internal quality assessments annually Prepare for mandatory external quality assessments Measure compliance against the annual audit plan Evaluate key staff performance and productivity metrics Report quality findings to the audit committee Market the Internal Audit Function value proposition Ensure continuous improvement of audit processes
5
Day 5– Stakeholder Relationships and Advisory Roles
Engage effectively with board and senior management Collaborate strategically with the audit committee Coordinate seamlessly with external audit partners Interact with enterprise risk and compliance functions Participate in high-level strategic business meetings Differentiate assurance from value-added advisory services Provide expert control and risk management training Support process mapping and internal system design

What's Included in Your Training

Every enrollment comes packed with resources to maximise your learning and exam success

Career Outcomes

84%

of Internal Audit Function certified professionals report career advancement within 6 months

Salary Impact

+28%

Average salary increase reported after obtaining the Internal Audit Function certification

Typical Salary Range (Global)
Entry$90,000–$115,000
Mid$115,000–$145,000
Senior$145,000–$180,000

*Source: Glassdoor / LinkedIn 2025

Job Roles

6
  • Internal Audit Manager
  • Senior Internal Auditor
  • Audit Director
  • Chief Audit Executive
  • Internal Audit Consultant
  • Risk Assurance Manager

Companies Hiring

5,000+
Deloitte PwC Ernst & Young KPMG JPMorgan Chase Walmart General Electric Procter & Gamble Accenture IBM

and 5,000+ organizations worldwide seeking Internal Audit Function certified professionals

Real Transformations

Course Student Reviews

Real results from IT professionals who trained with Koenig — rated 4.9/5 from 18,400+ verified reviews.

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    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

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    Carlos R.

    Engineering Manager

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  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “Passed AZ-104 on first attempt. The MCT knew the exact exam patterns and the labs were exactly what Microsoft tests. Worth every penny.”

    Rahul M.

    Rahul M.

    Azure Administrator

    AZ-104 Certified ✓ Verified
  • ★★★★★

    “I trained 15 of my team members for SC-200. Koenig's on-site delivery was seamless and all 15 passed within 3 months.”

    Sarah K.

    Sarah K.

    CISO, Financial Services

    Enterprise Client ✓ Verified
  • ★★★★★

    “The 1-on-1 format was a game changer. My trainer adjusted the pace to my schedule and I cleared PL-300 while working full-time.”

    Ahmed R.

    Ahmed R.

    Business Intelligence Lead

    PL-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “From AZ-900 to AZ-305 in 6 months. Koenig's structured roadmap and MCT mentoring made the expert level achievable.”

    Priya S.

    Priya S.

    Cloud Solutions Architect

    AZ-305 Expert ✓ Verified
  • ★★★★★

    “As an L&D head I've used 5 training vendors. Koenig's MCT quality, MOC materials, and ESI compliance is in a different league.”

    James T.

    James T.

    Head of L&D, UK Enterprise

    100+ Learners Trained ✓ Verified
  • ★★★★★

    “SC-900 and SC-300 back to back — both cleared first try. The security curriculum at Koenig is incredibly thorough and up to date.”

    Aisha N.

    Aisha N.

    Security Analyst

    SC-300 Certified ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified
  • ★★★★★

    “AI-102 was daunting but the trainer broke it down perfectly. Real Azure OpenAI labs made the difference. Highly recommend.”

    David L.

    David L.

    AI Engineer

    AI-102 Certified ✓ Verified
  • ★★★★★

    “DP-600 Fabric certification done in 3 weeks of part-time study. The customised schedule around my timezone was a lifesaver.”

    Mei W.

    Mei W.

    Data Platform Engineer

    DP-600 Certified ✓ Verified
  • ★★★★★

    “Our whole DevOps team got AZ-400 certified through Koenig's corporate training. Smooth logistics and top-tier MCTs throughout.”

    Carlos R.

    Carlos R.

    Engineering Manager

    AZ-400 Team Training ✓ Verified

Frequently Asked Questions

Everything you need to know about the Internal Audit Function training course

Is the certification exam included in the Internal Audit Function training course by the Institute of Internal Auditors, and what is the fee?
The certification exam is not included in the Internal Audit Function training course and requires separate purchase. The exam (CIA Part 3) costs $280 USD for Institute of Internal Auditors members and $415 USD for non-members, payable directly to Pearson VUE.
What training formats are available for the Internal Audit Function course, and is Guaranteed-to-Run scheduling offered by Koenig?
Koenig provides live online 1-on-1 instructor-led training for the Internal Audit Function course with Guaranteed-to-Run scheduling, ensuring sessions proceed regardless of enrollment. Classroom training is location-dependent, while self-paced or on-demand formats are not currently offered for this Institute of Internal Auditors curriculum.
How long is lab access provided, and what environment is used for the Internal Audit Function course?
Lab access is not applicable for the Internal Audit Function course, as it focuses on auditing principles rather than technical labs. Training features expert-led case studies and practice questions delivered in live sessions, excluding cloud sandboxes or virtual machine environments.
What is the Koenig rescheduling and cancellation policy for the Internal Audit Function training course?
Koenig permits free rescheduling of the Internal Audit Function course if requested 7 days before the start. Cancellations within 7 days incur a 10% fee, while cancellations under 48 hours trigger a 50% charge; full fees apply for no-shows.
What is the exam format, question count, time limit, and passing score for the Internal Audit Function certification?
The Internal Audit Function exam (CIA Part 3) features 100 multiple-choice questions with a 120-minute limit. A passing score of 600 on a 250–750 scale is required, with results determined by statistical equating methods applied to raw scores.
How long is the Internal Audit Function certification valid, and what is the renewal process?
The certification remains valid indefinitely with active annual renewal. This requires 40 CPE hours annually, adherence to ethics, and a fee of $30 for members or $120 for non-members, submitted via the CCMS portal by December 31.
What post-training support does Koenig provide after completing the Internal Audit Function course?
Koenig offers 90 days of email support with your instructor, access to updated Internal Audit Function materials, and a free course retake within one year. Learners also receive exam registration guidance and access to exclusive practice question banks.
What are the prerequisites or experience requirements to take the Internal Audit Function certification exam?
Candidates must pass CIA Parts 1 and 2, hold a bachelor’s degree, and possess two years of verified internal audit experience. Applications for the Internal Audit Function exam must be submitted through the IIA’s Certification Candidate Management System (CCMS).
What is the salary impact or career benefit of earning the Internal Audit Function certification?
Professionals with CIA designation and Internal Audit Function expertise earn a median global salary of $95,000, with senior roles exceeding $130,000. This certification accelerates promotion to Internal Audit Manager or Chief Audit Executive in regulated sectors.
How does instructor-led training compare to self-study for Internal Audit Function certification success?
Instructor-led training for the Internal Audit Function course boosts success rates through structured guidance and real-time scenario clarification. While self-study is an option, guided training improves retention of complex governance and risk assurance topics, significantly increasing pass rates.

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