Inter-University Internal Audit Case Study Competition
About the Competition
Internal auditing strengthens an organisation’s ability to create, protect, and sustain value by providing the board and management with independent, risk-based, and objective assurance, advice, insight, and foresight.
The Institute of Internal Auditors (IIA) Singapore invites you to showcase your skills and knowledge through our Inter-University Internal Audit Case Study Competition. This is an opportunity to tackle real-world case studies, present innovative solutions, and demonstrate your understanding of internal auditing practices.
Additionally, this competition serves as a means to bring the community together, supported by a diverse group of organisations within an inclusive ecosystem. It complements the collective efforts of each partner in fostering the talent pipeline and advancing the profession of internal auditing.
Why Participate?
1. Solve Real-World Challenges
Work on real-world case studies selected that reflect the complexities of organisational governance, risk management, and internal controls. As part of the Internal Audit team, you will be tasked with assessing the company’s governance, risk management, and internal controls to identify issues and provide recommendations to potentially correct and mitigate those issues through practical and impactful solutions. Participation will foster critical thinking, problem-solving, communication, and teamwork skills while enhancing your understanding of internal audit practices.
2. Enhance Your Professional Network
By participating, you gain access to a valuable network of professionals and peers. Beyond the competition, you will also receive complimentary IIA Singapore Student Membership, providing you with resources, insights, and connections that will support your growth in the field of internal auditing. Networking opportunities with industry leaders could open new doors for your career.
3. Differentiate Your Resume
Stand out in a competitive job market by highlighting your experience in the internal audit case study competition. Demonstrate your ability to craft innovative solutions and solve critical business challenges, showing future employers your proactive approach to real-world problems and your understanding of risk management and governance. Employers value these skills and experiences, making this an excellent way to set yourself apart.
Joining the Competition
Eligibility: The competition is open to all undergraduates and graduate students in Singapore enrolled in universities.
Case Study Selection: Participants have the flexibility to select a case study based on actual companies, allowing them to apply their knowledge to deliver insightful findings and recommendations. To register for your team, fill in the registration form available here.
Team Formation: Teams should consist of three to four students. You can form teams with peers from the same university or collaborate with students from different institutions to bring diverse perspectives.
Case Study Proposal Submission: Each team is required to submit their proposal, which includes a video presentation and a proposal deck addressed to the management/board, covering the following:
- Background of the company
- Internal audit approach
- Identified issues, problems, or gaps
- Recommended solutions
- Team reflections
Inter-University Finals: Successful teams will advance to the finals for a 30 minute in-person presentation, judged by distinguished industry experts, followed by a Q&A session.
Awards: Cash prizes will be awarded to the top three teams, evaluated on their understanding of internal audit concepts, the practicality of their solutions, analytical depth, creativity, and presentation skills.
You can refer to these resources for more details:
Timeline
| S/N | Key Milestones | Important Dates |
| 1 | Launch of Inter-University Internal Audit Case Study Competition Invite universities to participate |
13 January 2025, Monday |
| 2 | Team Registration Deadline to register for entry |
28 February 2025, Friday |
| 3 | Presentation Deck and Video Submission Teams to submit presentation deck and video recording |
1 April 2025, Tuesday |
| 4 | Final Presentation and Judging Each team will be given 30 minutes for an in-person presentation and Q&A |
28 May 2025, Wednesday |
Deliverables and Judging Criteria
The presentation deck and video recording must be submitted by 1 April 2025 to events@iia.org.sg.
| Format | 1. A proposal presentation deck of not more than 10 slides. 2. A video recording of not more than 10 minutes. |
Proposals will be evaluated on the following criteria:
| S/N | Criteria | Point Allotted |
| 1 | Understanding the business | 25 |
| 2 | Analysis and identification of issues | 30 |
| 3 | Solutions recommended to address identified issues | 20 |
| 4 | Communication of results | 25 |
| Total | 100 |
