Diploma in Risk Management, Internal Audit and Compliance

Programme Overview

The Diploma in Risk Management, Internal Audit and Compliance is offered by Chartered Accountants Ireland, and  was developed for those who work or aspire to work in a professional capacity in risk, internal audit and/or compliance roles. The programme is part of a professional development framework for Compliance Institute Members and for individuals within the wider business community who wish to develop their management skills for risk, audit and compliance roles within organisations. Since the recent financial crisis there has been an emphasis on the areas of risk management, regulation and compliance. 

Risk overarches everything in a business and once the core ideas are understood at all levels of responsibility, good risk management can be applied to any type of risk in any sector, from health to pharma to financial services. Risk management theory does not change, it’s about knowing the risk you are taking and making good decisions. It has implications for strategic and business planning, audit and assurance arrangements and the management and control of activities.

The programme equips participants with an understanding of how to build, effectively communicate and influence on risk management, internal audit, governance and regulatory compliance operations. The programme is open to Members of Chartered Accountants Ireland (CAI), Compliance Institute of Ireland and other recognised professional bodies including ICAS, ACCA, CIMA, CPA, ICAEW. 

The programme is available by classroom and distance learning and the 6 modules can be completed over 6 months.

How you will benefit:

On successful completion of the Diploma in Risk Management, Internal Audit and Compliance, graduates will be able to:

  1. Design a robust risk management function;
  2. Understand Risk Management within the Three Lines of Defence (3LOD);
  3. Build an effective Internal Audit function;
  4. Understand the Internal Audit function role of adding value;
  5. Mange the regulatory function and relationships; and
  6. Appraise governance and culture governance framework of your organisation.
Taking up an ACOI Designation:


Members of CAI and the Compliance Institute will be awarded their Diploma by Chartered Accountants Ireland (CAI). CAI is one of a small number of professional bodies with statutory awarding powers under Irish and UK law conferring the power to make awards including Diplomas and Certificates. Their programmes are designed to meet a special purpose and continue at roughly a Masters level, expanding knowledge in a specific field.


  • Fee - Compliance Institute Members: €2,695

How to Apply

Any Questions?

If you have any questions about the Diploma in Risk Management, Internal Audit & Compliance, or any other education programme:


Contact: Ciara on [email protected]