COMPLIANCE AUDITING AND INTERNAL CONTROLS (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Analyse the requirements needed to comply the latest version of COSO internal control integrated framework; Conduct internal controls over financial reporting with detailed sections covering each element of the framework; Design rigorous internal controls over financial reporting audit and compliance for public or non-public companies based on the latest version of COSO internal control integrated framework.

Topics:

1. What we all have – Overview of the COSO internal control integrated framework;
2. Setting the scope of your documentation project: Identifying the core;
3. The risk assessment component;
4. Control environment; Control activities;
5. Monitoring;
6. Developing questionnaires and conducting interviews;
7. Reporting requirements;
8. Project management tools assessment design;
9. Continuous Assurance Auditing and Computer-Assisted Audit Techniques;
10. Enrichment Activity: Group discussion and presentation Overview and scope of Internal Control;
11. Enrichment Activity: Group discussion and Risk assessment, control environment, and control activities;
12. Enrichment Activity: Guest lecture;
13. Enrichment Activity: Group discussion and Topic Monitoring and evidence testing;
14. Enrichment Activity: Guest Lecture;
15. Enrichment Activity: Presentation.