Professional Services: Internal Auditors
Reskill your competencies to take on new jobs
Accurate as of 10 Sep 2021
What is it?

The Career Conversion Programme (CCP) for Internal Auditors is a programme by Workforce Singapore (WSG) under the Adapt and Grow initiative, in collaboration with the Institute of Internal Auditors Singapore (IIA) and Singapore Accountancy Commission (SAC).

Overview of Programme

The six-month CCP programme aims to convert mid-career individuals into Internal Audit roles.

IIA is the appointed programme manager for the CCP. CCP trainees will undergo facilitated training and On-the-Job-Training (OJT). The facilitated training programme is as follows:

Modules

Training Duration

(incl assessment)

Tools and Techniques I: New Internal Auditor   3 days
Client & Business Environment   1 day
Audit Report Writing   2 days
Interviewing Skills for auditors   1 day
Introduction to Data Analytics   1 day
Tools & Techniques II: Lead Auditor   3 days
Managing Difficult Auditees   2 days
Critical Thinking in Internal Audit   1 day
Fundamentals of Risk-based Auditing   2 days
Technology Audit Foundation   4 days

 

More information of this CCP can be found here

 


Who can apply?

To qualify for the Career Conversion Programme for Internal Auditors, you must meet all of the following criteria:

  • Be a Singapore Citizen or Permanent Resident aged 21 years and above;
  • Must be a newly hired individual for not more than three months, and nominated by an eligible company for the CCP;
  • New hires must have graduated or completed National Service, whichever is later, for at least two years prior at the point of application;
  • New hires should not have prior working experience and or in a similar job role prior in internal audit related functions prior to joining the CCP; and
  • Application for the CCP is subjected to the employer’s hiring and selection process.

Individuals who are shortlisted by participating companies for interviews will hear from them directly. 

All participating companies must fulfil the following criteria:

  • Registered, incorporated and based in Singapore with a Unique Entity Number (UEN) registered with Accounting and Corporate Regulatory Authority (ACRA);
  • New hires cannot be immediate ex-employees of companies related to the applicant company;
  • Offer a full-time position directly related to internal audit job function with at least a 12-month employment contract;
  • Must be able to provide a structured training plan and a supervisor to guide the new hire; and
  • Be committed to work with WSG and IIA on the necessary administrative matters related to the CCP.

How does it work?

Participating companies will receive the following funding support, provided the corresponding requirements are met.

Salary Support

Type of trainee

Funding Support

Singapore Citizens

Aged below 40 and currently employed

The employer will receive salary subsidy of up to 70% of the trainee’s monthly gross salary, capped at S$4,000 per trainee per month, for up to 6 months.

  • Aged 40 years old and above; or
  • Unemployed and actively seeking employment for more than 6 months
The employer will receive salary subsidy of up to 90% of the trainee’s monthly gross salary, capped at S$6,000 per trainee per month, for up to 6 months.

Singapore Permanent Residents

The employer will receive a salary subsidy of up to 70% of the trainee’s monthly gross salary, capped at S$4,000 per trainee per month, for up to 6 months.

 

Course Fees Subsidy

Type of trainee Funding Support
Singapore Citizen Aged below 40 The employer will receive standard course fee subsidy of up to 70% of course fee.
  • Aged 40 years old and above; or
  • Small Medium Enterprises sponsored trainees
The employer will receive enhanced course fee subsidy of up to 90% of course fee.
Singapore Permanent Residents Non-SME sponsored trainees The employer will receive standard course fee subsidy of up to 70% of course fee.
SME sponsored trainees The employer will receive enhanced course fee subsidy of up to 90% of course fee.

 

Total course fees before subsidy

S$13,320.00

(excluding GST)

Nett course fees payable after subsidy at standard rate

S$3,996.00

(excluding GST)

Nett course fees payable after subsidy at enhanced rate*

S$1,332.00

(excluding GST)

*Enhanced funding available under Enhanced Training Support for SMEs and SkillsFuture Mid-Career Enhanced Subsidy will be claimed via SSG’s SkillsConnect Portal (or equivalent) by participating companies. Participating companies will need to pay $3,996.00 at first instance.


Contact Details

For more information, please contact:

The Institute of Internal Auditors Singapore

Email: ccp@iia.org.sg

 

This CCP will expire on 30 June 2022.

PCP