2021-2022 Academic Catalog 
    Nov 27, 2021  
2021-2022 Academic Catalog

ACCT 5114 - Principles of Internal Auditing

The Institute of Internal Auditing (IIA) definition of internal audit states, “Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.  It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.”

This course introduces students to the internal audit profession, the internal audit process, organizational risk management, and internal control. Topics that will be included in this course are: the definition of internal auditing, The IIA’s International Professional Practices Framework (IPPF), risk, governance and control issues, risk of fraud and illegal acts, and conducting internal audit engagements, i.e.:  Preliminary Survey; Audit Programs; Fieldwork Activities; Reporting; and Management Review.  The duties and responsibilities of the Internal Auditor within the management team of the organization are explored in detail. 

Prerequisites: ACCT 4100   or ACCT 4101   or Waiver

Anticipated Terms Offered: Summer