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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorAbout UsBreadcrumb SeparatorElevate Internal Audit Scholarship Program

Elevate Internal Audit Scholarship Program

​Elevate Internal Audit Scholarship Program

Apply NowThe IIA and AuditBoard are honored to support the internal audit community through the Elevate Internal Audit Scholarship Program.

This scholarship program, of up to $500,000, reflects both AuditBoard’s goal of elevating the audit profession through technology and education and The IIA’s mission to advance the profession by providing educational and training opportunities based on a global set of standards, guidance, and certifications.

Building Next-generation Skills

The program provides scholarships and a custom curriculum to help internal auditors in the United States and Canada build next-generation skills and prepare for emerging demands, better positioning them to secure new career placements.

Each scholarship is valued at approximately $600 and will cover the cost of the professional development option selected.

Training

Access to industry training
by the leaders in internal audit.

Guidance

Opportunity to gain progressive
audit practice and technology
knowledge to grow skills
and capabilities.

Certification

Enhanced credentials to
share with your network and
present to potential employers.

Scholarship dollars allow recipients to choose from several bundles providing targeted competency development.

Scholarship Bundles
  •   CIA Certification Exam and Study Bundles

    As the only globally recognized internal audit certification, becoming a Certified Internal Auditor® (CIA®) is the optimum way to communicate knowledge, skills, and competencies to effectively carry out professional responsibilities for any internal audit, anywhere in the world.*

    The CIA exam assesses the fundamentals required to perform internal audit engagements effectively and efficiently. The certification process entails meeting specific requirements and successfully completing three separate exam parts and we are offering a bundle for each part:

    Part 1: Essentials of Internal Auditing Bundle

    • Application fee waiver for CIA Exam Part 1
    • Free exam registration for CIA Exam Part 1
    • CIA Learning System Part 1 Online Study Materials

    Part 2: Practice of Internal Auditing Bundle

    • Application fee waiver for CIA Exam Part 2
    • Free exam registration for CIA Exam Part 2
    • CIA Learning System Part 2 Online Study Materials

    Part 3: Business Knowledge for Internal Auditing Bundle

    • Application fee waiver for CIA Exam Part 3
    • Free exam registration for CIA Exam Part 3
    • CIA Learning System Part 3 Online Study Materials

    *One-time only waiver. Does not include any exam re-take charges. Currently enrolled candidates are not eligible for refunds of fees previously paid.

  •   Audit Management Bundle

    Description

    Managing internal audit goes beyond ensuring adequate funding, staffing, and training. Internal audit fills a strategic and central role in organizations, and has become deeply involved in organizational governance, risk management, and control. As such, managing internal audit requires the appropriate skills, an overall knowledge of internal audit Standards, and the ability to provide objective assurance to the board that it serves.

    ​Who Will Benefit

    This Audit Management Bundle is specifically tailored for the audit manager and the CAE; it introduces the core elements of the IPPF, with particular focus on the Standards and the Code of Ethics. In addition, this course cautions CAEs not to ignore, overlook, or misunderstand organizational political pressure and organizational culture, as both play a large role in an organization’s governance and fundamental risk management efforts.

    This 10.9 CPE training package includes:

    • Auditing Culture
    • Auditing IT Governance
    • Breaking Down the Standards for the CAE
    • Ethical Behavior
    • Organizational Political Pressure
    • Risk Management

    CPE Hours Available: 10.9
    Knowledge Level: Intermediate
    Field(s) of Study: Auditing
    Prerequisite(s): Knowledge of the internal audit process
    Advance Preparation: None
    Delivery Format(s): Self-study

  •   Audit Engagement Fundamentals Bundle

    Description

    During an audit engagement, the internal audit activity tests controls to ensure that they are designed adequately and operating effectively to meet the organization’s overall objectives. In order to do so, internal auditors must fully understand the complete audit engagement process, including how to conduct and communicate the assurance engagement.

    Who Will Benefit

    This Audit Engagement Fundamentals Bundle is designed to introduce internal auditors to the audit engagement process. The bundle includes guidance in planning the engagement; establishing the audit objectives; and identifying potential fraud schemes — and because organizations rely on third-party providers to conduct business activities, this course also provides guidance on appropriately assessing third-party risks.

    This 11.8 CPE training package includes:

    • Assessing Fraud Risk
    • Assurance Engagement Communications
    • Audit Report Quality
    • Auditing Third Party Risk
    • Conducting the Assurance Engagement
    • Introduction to the Engagement Process
    • The Consulting Engagement

    CPE Hours Available: 11.8
    Knowledge Level: Basic
    Field(s) of Study: Auditing
    Prerequisite(s): None
    Advance Preparation: None
    Delivery Format(s): Self-study

  •   Information Technology Bundle

    Description

    Organizations have never had a greater need for reliable assurance over technological capabilities. Digital transformation has offered a long list of benefits that contribute to the achievement of organizational objectives, and as such, internal auditors must be prepared to deliver assurance within the information technology space.

    This Information Technology Bundle will benefit IT and non-IT auditors alike, as it provides a comprehensive overview of the fundamental concepts of IT auditing. The bundle addresses IT governance guidance, general controls and change management, application security, end-user computing and insider threats, matters concerning organizational technology-related ethical issues, and more.

    This 12 CPE training package includes:

    • Application Controls
    • Application Security
    • Auditing Insider Threats
    • Auditing IT Change Management
    • Auditing IT Governance
    • Auditing Systems in Development
    • End-User Computing
    • Ethical Scenarios for Technology
    • Understanding and Auditing Big Data

    CPE Hours Available: 12
    Knowledge Level: Basic
    Field(s) of Study: Auditing
    Prerequisite(s): None
    Advance Preparation: None
    Delivery Format(s): Self-study

  •   Data Analytics/Fraud Bundle

    Description

    Big data has become increasingly important in today’s organizations, and the ability to understand and analyze it is a critical driver of organizational success. Internal auditors must develop the knowledge to effectively provide assurance over big data concerns, including one of the most significant risks of big data faced by organizations — fraud.

    This Data Analytics/Fraud Bundle provides an introduction to data analytics and the benefits and challenges of using data analytics, and it provides guidance for developing processes and the data analysis tools that can be used to detect fraud in the early stages. In addition, this bundle will dig deep into assurance engagements and how to incorporate the specific consideration of fraud into the process.

    This 10.3 CPE training package includes:

    • Assessing Fraud Risk
    • Auditing Culture and Conduct
    • CAATs, Data Mining, and Other Internal Audit Activities
    • Data Analysis Overview
    • Data Sampling
    • Defining Populations for Data Analytics
    • Risk Fraud and Illegal Acts: Executing the Principles
    • Risk Fraud and Illegal Acts: Overview

    CPE Hours Available: 10.3
    Knowledge Level: Basic
    Field(s) of Study: Auditing
    Prerequisite(s): None
    Advance Preparation: None
    Delivery Format(s): Self-study

  •   Modern Audit Essentials

    This AuditBoard course is required as part of the Elevate Internal Audit Scholarship program sponsored by AuditBoard and The IIA. The focus of this course is on what we at AuditBoard believe to be the essential skills for a modern auditor. In order to be eligible for this course, you must first apply and receive approval.

    Who Will Benefit

    This course is designed for auditors who have been approved for the Elevate scholarship program. Passing this course with an 80% or higher is required to receive a scholarship voucher.

    Course Objectives

    • Explain why understanding the business goals of an organization is important for the Internal Audit role.
    • Identify strategies for staying aligned with the business objectives of their organization.
    • Describe the importance of strong stakeholder relationships for the Audit team.
    • List the eight tenets of using the human touch in Audit.
    • Define agile auditing and distinguish how agile auditing differs from traditional auditing.
    • Describe how agile auditing solves many of the common challenges faced by audit departments today.
    • List methods for building a more agile and relevant internal audit function.
    • List three ways small audit teams can increase their coverage.
    • List seven ways you can win a budget argument with your CFO.

​Eligibility Requirements

If you meet the following criteria and have an interest in furthering your career through additional education opportunities, we encourage you to apply:

  • Internal audit professional
  • Currently out of work due to pandemic-related layoff or furlough
  • Resident of the United States or Canada

Apply Now

Internal Audit Competency FrameworkThe IIA's Audit Career Center