Audit and Internal Control (6 Credits)

Learning Outcomes:

Define the objective of external auditing for reliable financial and internal control information;
Explain technique and procedure used by auditor in audit process;
Explain professional auditing standards and the audit opinion;
Explain basic concept of Risk, Governance, and Internal Control;
Analyze implementation and importance of Enterprise Risk Management (ERM), strong governance, and Compliance Issues Today.

Topics:

• Auditing: Integral to The Economy
• Internal Control Over Financial Reporting
• Professional Liability Auditor
• Professional Auditing Standards and The Audit Opinion
• Specialized Audit Tools: Sampling and Generalized Audit Software
• Introduction to Enterprise Risk Management
• Importance of Governance, Risk and Compliance (GRC) Principle
• Risk Management Fundamental
• The COSO ERM Framework
• Enterprise Compliance Issue Today