ACT 445 Internal Auditing Course Notes
Required Text:
Reding, Kurt F., Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sri Ramamoorti, and Mark Salamasick, Cris Riddle, Internal Auditing: Assurance & Consulting Services, Second Edition, Institute of Internal Auditors, 2009.
Course Catalog Description:
The philosophy and practice of modern internal auditing techniques with the emphasis on providing managers with definitive information about situations which might interfere with the accomplishment of the organization’s goals and with feedback concerning extraordinary accomplishments.
Course Objectives:
To develop an understanding of auditing standards, techniques and reporting; to prepare for certain sections of the Certified Internal Auditor (CIA) examination; and to develop professional skills and explore various career paths.
Topics Covered:
This course is developed around the actual internal audit process, how internal audit affects and contributes to the organization, and the general background of the internal audit profession. In addition, the integration of internal audit activities with external auditors and the PCAOB requirements related to internal control will be explored.
Common Body of Knowledge:
Areas covered include: written and oral communication (C); technology (T); ethics (E); interpersonal skills (I); analysis (A); diversity (D); and the regulatory environment (R). The common bodies of knowledge associated with each assignment appear after the assignment on the syllabus.
Method of Instruction:
The course will consist of online content, discussions and case studies designed to provide a comprehensive understanding of internal auditing and internal control requirements. Students will be expected to research relevant standards and participate actively in class discussions. Both two individual and a group case studies will be required. See Discussion area of Blackboard for class discussions.
Assignments:
On Blackboard under Course Content is
Reding, Kurt F., Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sri Ramamoorti, and Mark Salamasick, Cris Riddle, Internal Auditing: Assurance & Consulting Services, Second Edition, Institute of Internal Auditors, 2009.
Course Catalog Description:
The philosophy and practice of modern internal auditing techniques with the emphasis on providing managers with definitive information about situations which might interfere with the accomplishment of the organization’s goals and with feedback concerning extraordinary accomplishments.
Course Objectives:
To develop an understanding of auditing standards, techniques and reporting; to prepare for certain sections of the Certified Internal Auditor (CIA) examination; and to develop professional skills and explore various career paths.
Topics Covered:
This course is developed around the actual internal audit process, how internal audit affects and contributes to the organization, and the general background of the internal audit profession. In addition, the integration of internal audit activities with external auditors and the PCAOB requirements related to internal control will be explored.
Common Body of Knowledge:
Areas covered include: written and oral communication (C); technology (T); ethics (E); interpersonal skills (I); analysis (A); diversity (D); and the regulatory environment (R). The common bodies of knowledge associated with each assignment appear after the assignment on the syllabus.
Method of Instruction:
The course will consist of online content, discussions and case studies designed to provide a comprehensive understanding of internal auditing and internal control requirements. Students will be expected to research relevant standards and participate actively in class discussions. Both two individual and a group case studies will be required. See Discussion area of Blackboard for class discussions.
Assignments:
On Blackboard under Course Content is