Education and training considerations applicable to internal auditors in South Africa

Abstract

This study explored education and training considerations applicable to internal auditors in South Africa. The study aimed to determine, by means of a comparison, the extent to which education and training requirements for internal auditors are similar to those requirements that are applicable to other professional accounting and auditing bodies in South Africa. The study also aimed to determine the perceptions of the chief audit executives with regard to two considerations impacting the education and training requirements of internal auditors: entrance requirements of internal auditors and the demand for internal auditors. Data was gathered from 30 large listed companies in South Africa in various industries in order to identify the entrance requirements and the demand for internal auditors at various levels in the internal audit function. This information could enable prospective internal auditors, chief executive officers, audit committees, the Institute of Internal Auditors in South Africa as well as researchers to develop improved career development plans for current and prospective internal auditors. Key words: Internal audit education, internal audit training, competency, practical experience, skills, education and training requirements.