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MSc - Audit Management and Consultancy

UCE Business School is one of the largest providers of masters qualifications emb-odying the professional programmes of PIIA, MIIA and QiCA of the Institute of Internal Auditor (IIA), UK and Ireland.

These unique, challenging and innovative programmes aim to develop the full range of academic and professional knowledge, values, skills and expertise necessary to enable you to operate with excellence both as internal and external auditors, consultants and managers.

The programme provides an opportunity for you to take the professional exam-inations of PIIA and MIAA of the Institute of Internal Auditors UK and CIA of the IIA-Inc, USA.

Aim of the specialised programme

The dynamic national and international environment arising from technological (IT, media, communications etc.), social, economic and political developments has had a profound impact on organisations and on the role of auditors and management.

Organisations have to run to stand still and are, in general, growing bigger to take advantage of scale and global markets but are splitting into semi-autonomous units with flatter structures to promote greater efficiency, cut costs and enhance quality.

The course runs for one year on a full-time basis.

Course overview

Management orientation is more strategic and participative, with emphasis on empowerment and business ethics. Management are increasingly employing initiatives, frameworks or techniques such as the Business Excellence Model based on total quality management and BS ISO 9000; risk management; environmental management systems; ISO 14000; outsourcing of non-core functions; delayering; business process re-engineering.

Increasing public concern about corporate governance and consumer conscious-ness about issues such as ethics, equity, value for money, quality, environment, health and safety, are having a profound impact on the accountability and audit frameworks considered by governments and self-regulatory bodies, and strategies framed by organisations.

The role of internal auditors, public sector external auditors and consultants is widening from their traditional audit role to include educational and consultancy roles to assist management in all these areas and promote the best business practice, e.g. by engaging as facilitators in the traditional management role of Control and Risk Self Assessment (CRSA). These have led to increasing demand for better qualified internal auditors and public sector external auditors who combine academic and professional education at postgraduate level.

The programme needs to develop internal and external auditors and consultants, who are constructive, perceptive, thoughtful and flexible in providing their audit, review, consultancy and advisory service. They will need to be pro-active, versatile and innovative in providing practical workable solutions to a range of complex problems.

This challenging role requires education, which embodies specialist and general knowledge, and academic and professional orientation, which is sensitised to international and multicultural environments. The UCE Business School has accordingly established a Centre for International Audit to provide a portfolio of courses, which combine academic and professional education at postgraduate level and offer consultancy, research and associated facilities.

The MSc Audit Management and Consultancy programme provides an opportunity for you to take the professional examinations of PIIA, MIIA, and QICA of the Institute of Internal Auditors, UK & Ireland and CIA of the IIA-Inc. USA, at your option.

Structure of the program:

The course is run over four terms, the first three consisting of 12 weeks each and the fourth lasting for 8 weeks. Exit points are available at the PG Certificate and PG Diploma stages.

 

TERM 1 - Postgraduate Certificate Stage
(September – December)
Five Modules
- Corporate Governance & Risk management
- Internal & External Audit
- Accounting & Financial Systems
- Organisation & Management - Concepts & Practices
- Business Information Systems Audit
Click here for more details on Term 1 modules

 

TERM 2 - Postgraduate Diploma Stage
(January - April)
Five Modules
- Strategies for Consultancy & Audit –
  Social, Ethical, Environmental, Equity, TQM
  and Health & Safety Perspectives
- Advanced Internal/External Audit
- Advanced Information Systems Audit
- Financial Management & Business Analysis
- Advanced Management
Click here for more details on Term 2 modules

TERM 3 & 4 - Masters Stage
(April - September)
Three Modules
- Strategic Organisation Development – Audit & Consultancy
- Process Consultancy & Audit
- Research Methods
Click here for more details on Term 3 & 4 modules

 

Term 1: Postgraduate Certificate Stage
(September - December)

Corporate Governance & Risk Management: 
This module provides a sound foundation of risk and opportunity management by providing a comprehensive conceptual understanding of the principles of sound corporate governance and corporate strategic management.

Internal & External Audit:
This module is designed to equip students with a repertoire of competences, skills and attitudes to enable them to provide a truly professional internal and external audit services, in keeping with the modern challenges faced by management and all the other stakeholders, including society, given the dynamism of the environment.

Accounting & Financial Systems:
This module is designed to enable the auditors to understand financial systems and interpret accounting information. It is also designed to enhance the auditor’s analytical, numerical and business skills.

Organisation & Management:
Concepts & Practices – This module teaches theory and practice of organisation and management, the crucial underpinning for advanced studies in management, management audit and consultancy at later stages.

Business Information Systems Audit:
The significance of information technology and information systems in all sectors of the economy and for virtually all types of organisations means that both internal and external auditors need to acquire both a deep and wide repertoire of knowledge and skills. This module introduces computer auditing to enable students to both audit such systems and carry out pre-event audits of developing systems with a view to ensuring that the new computer systems incorporate strong controls.

 

Term 2: Postgraduate Diploma Stage
(January - April)

Strategies for Consultancy & Audit:
Social, Ethical, Environmental, Equity, TQM and Health and Safety Perspectives
The increasing importance of social, business ethics, equity, environmental and quality (TQM & TQM based management systems, e.g. business excellence model) dimensions for all types of organisations make it vital for internal and external auditors and consultants to have sound knowledge and critical appreciation of the philosophical, theoretical, historical and contemporary background, issues which underlie these. This in turn should, inter alia, enable you to devise strategies for audit, accountability and consultancy in these crucial areas.

Advanced Internal/External Audit:
This module deals with the key issues of management audit, operational audit and consultancy. It enables you to apply your knowledge, skills and experience of audit and consultancy, methods and techniques to review and evaluate controls, assist management in solving business problems, and offer proposals for improving performance.

Advanced Information Systems Audit:
This module builds on the Business Information Systems Audit Module and further develops your understanding of review, control and business implications of complex information technology.

Financial Management & Business Analysis:
Financial management and business analysis for corporate management is of crucial importance. This module aims to enhance your knowledge and under-standing of the financial planning process and the place of finance function in relation to corporate strategy and the use of analytical tools.

Advanced Management:
This module develops a comprehensive understanding of the strategic, functional and operational management processes and decisions at corporate and lower levels and will enable you to provide practical solutions to organisational problems and challenges. It will enable you to translate your knowledge of theory and principles of management and organisations to produce practical solutions to organisational problems and challenges. It also aims to enhance your ability in managing audit teams and audit departments effectively.

 

Term 3: Masters Stage
(April - September)

Strategic Organisation Development:
Audit & Consultancy
This module is designed to develop in you a rich conceptual understanding of organisation theory, processes, changes and development with competence in consultancy and audit. You will be able to apply this conceptual understanding of organisational issues and problems and develop strategies to, inter alia, promote an innovative, positive and enthusiastic working environment, facilitate change smoothly, provide sound advice on complex business problems.

Process Consultancy and Audit:
This half-module will enable you to build on your experience as auditors and internal and external consultants. It will equip you with a repertoire of consultancy strategies, methods and techniques. You will be able to apply this acquired skill and knowledge to the individual consultancy component of this module.

Research Methods:
A central condition of the MSc in Audit Management and Consultancy is that participants should undertake, and successfully complete, a major piece of research. This half-module provides you with the underpinning knowledge, techniques and skills required to satisfy this condition.

Assessment:
A variety of methods are employed, designed to maximise learning and professional expertise. The final stage of the MSc is based on assignments and dissertation and does not involve an examination.

 

Entry requirements

To register for the master’s degree you should normally hold a recognised bachelor’s degree of a good standard. Applicants with suitable work experience and/or qualifications other than that above may be considered for entry. Exemption may be given on a case-by-case basis for individual modules.

Many of our students on this MSc are sponsored by their employers and occupy senior to junior posts, as Controllers & Auditors General, Chief Executive, Directors or Managers of Audit, Risk Management, Corporate Services, internal or external auditors, trainees etc.

Career Enhancement Tutorials
As part of our student centred approach, UCE Business School has developed Career Enhancement Tutorials (CET) which support participants who wish to reflect on their learning achievement in order to plan for their personal and career development. Individual goals may include seeking employment opportunities in an international market outside their countries; pursuing further scholarship through Mphil/PhD study, and the development of individual enterprises at home or abroad.

CET consists of two main components:

  1. Tutorials will empower participants to develop reflective, adaptive and collaborative learning; facilitate effective self-management; and be able to plan and motivate self-starting, individual initiatives and enterprise culture development.

  2. Workshops on specific issues such as the development of individual profiles, career goals assessment, and the development of CVs. They will facilitate the development of personal effectiveness by learning from, and interacting with, others with life long practical and scholarly experiences.
 
Admissions
Download Application Form
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"The Business School at UCE scored a maximum ten out of ten for creating career and job prospects for its students...."

- The Guardian University Guide,
   June 2003

 

 

"Out of 120 UK Universities, UCE Birmingham is ranked as one of the top 40 education providers..."

-  The Guardian University Guide
    May 2004
 

 

Typical MSc Entry Requirements
- a degree at honours level
or
- an equivalent qualification

- an English language qualification for anyone who studied at undergraduate level outside the UK:


minimum PBT TOEFL score - 575
or
minimum CBT TOEFL score - 232
or 
a minimum IELTS score of 6.5
or
a minimum of 6 in all bands of IELTS

 

 

MSc Tuition Fee: £ 8190

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