INTERNAL AUDIT (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: LO1 – define Internal audit standard, guidelines, and current issues and IT usage in the process of internal audit; LO2 – explain The role of risk management, and internal control in internal audit; LO3 – describe The internal audit activities, professionalism ethics, approach and strategies; LO4 – explain basic concept of Risk, Governance,and Internal Control; LO5 – explain Concept of Corporate Culture and Risk Portfolio Management, Information Technology and Enterprise Risk Management; LO6 – illustrate Effective GRC concept and ERM into Company.

Topics:

1. Introduction to Internal Auditing;
2. Internal Audit Procedure and Techniques;
3. Internal Audit Charter;
4. Managing Internal Audit Function;
5. Internal Audit Practice Layout;
6. Internal Audit Documentation and Reporting;
7. Internal Audit Peer Review;
8. Internal Audit Standard;
9. Internal Control Including IT Usage;
10. Meeting the Challenge;
11. Role of Internal Audit in Enterprise Governance, Risk and Compliance;
12. Introduction to Enterprise Risk management;
13. Importance of Governance, Risk and Compliance (GRC) Principles;
14. Risk Management Fundamentals;
15. The COSO ERM Framework Current Approach;
16. Implementing ERM in the Enterprise;
17. Importance of Strong Governance Practice;
18. Enterprise Compliance Issues Today;
19. Integrating ERM with COSO Internal controls;
20. Information Technology, Industry 4.0 and Enterprise Risk Management.