Internal Auditing

MGMT X 423.2

This course introduces students to the internal audit profession and process. It is designed for CPAs, CIAs, CMAs; controllers, auditors; financial managers; corporate executives; federal and state auditors.

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What you can learn.

Learn the techniques for conducting an internal audit and interviewing skills
Understand internal auditing standards, controls, management skills
Complete working papers, review procedures documenting evidences, sampling work, and learn to create flowcharts
Understand the signals to look for in fraud detection

About this course:

This course introduces students to the internal audit profession and the internal audit process and is designed for accounting, auditing and business students; CPAs, CIAs, and CMAs or candidates; controllers and internal auditors; financial and auditing managers; corporate executives; and federal and state auditors and managers. Topics include the definition of internal auditing, the IIA's International Professional Practices Framework (IPPF), risk, governance and control issues and conducting internal audit engagements—including report writing and interviewing skills. Additional topics covered are Internal Auditing (IA) standards; internal controls; managing the IA department; IA working papers, procedures, evidences, sampling and flowcharting; 30 major areas of operational auditing, such as production, marketing, finances, information and digital communications technology; purchasing and personnel; fraud detection, including a discussion of the latest developments in financial crimes; major areas of management auditing; IA reports; and evaluation of the IA function.

Prerequisites

MGMT X 120A, B, and C Intermediate Accounting Theory and Practice or consent of instructor.