INTERNAL AUDIT (4 Credits)

Learning outcomes:

Students will be able to use auditing techniques to assist top management to achieve the firm’s strategic goals; recommend practice of how a modern internal audit function should be organized; provide some specific review guidance in important areas of operations.

Topics:

1. Foundations of internal auditing,
2. Importance of internal control,
3. Internal control framework: COSO & COBIT,
4. Sarbanes Oxley,
5. Risk Management,
6. Effective internal audits,
7. Standards for the professional practice of internal auditing,
8. Testing and evaluating audit evidence,
9. Audit programs,
10. Internal audit charters and building internal audit function,
11. Internal audit key competencies,
12. Project management,
13. Documenting results through process modeling and work papers.