Internal Audit
Course Schedule
Course Modules
Review and Practice
Exam Preparation
Resources
Module 1: Introduction to internal auditing
Overview
The first module in this course sets the stage for your study of internal auditing (also known as “management auditing”). You consider the definition, development, and scope of internal auditing. You also consider the business environment and identify and analyze its accompanying risks. The various types of internal audits and the relationship between internal auditing and performance measurement are explained. Finally, you study the role of professional ethical standards in internal auditing and review case analysis, a technique used frequently throughout this course.
Test your knowledge
Begin your work on this module with a set of Test-your-knowledge questions designed to help you gauge the depth of study required.
Learning objectives
1.1 Definition of internal auditing Define internal auditing and explain the key terms used in the definition. (Level 1)
1.2
Scope of internal auditing Describe the three elements that determine the scope of internal auditing. (Level 1)
1.3
Functions of management Explain the main functions of management and how they relate to achieving control. (Level 2)
1.4
Enterprise risk Define risk and enterprise risk, and explain how they are related to the concept of control. (Level 1)
1.5
Role of the internal auditor Explain the role of internal auditors in their organization, and compare it with the role of the organization’s external auditors. (Level 1)
1.6
Types of internal audit assignments Describe the types of audits carried out by internal auditors. (Level 1)
1.7
Performance measurement Compare internal auditing and performance measurement. (Level 2)
1.8
The ethical climate Outline the role of the internal auditor in promoting ethical culture and standards in an organization. (Level 1)
1.9
Ethical considerations Apply ethical
Course Modules
Review and Practice
Exam Preparation
Resources
Module 1: Introduction to internal auditing
Overview
The first module in this course sets the stage for your study of internal auditing (also known as “management auditing”). You consider the definition, development, and scope of internal auditing. You also consider the business environment and identify and analyze its accompanying risks. The various types of internal audits and the relationship between internal auditing and performance measurement are explained. Finally, you study the role of professional ethical standards in internal auditing and review case analysis, a technique used frequently throughout this course.
Test your knowledge
Begin your work on this module with a set of Test-your-knowledge questions designed to help you gauge the depth of study required.
Learning objectives
1.1 Definition of internal auditing Define internal auditing and explain the key terms used in the definition. (Level 1)
1.2
Scope of internal auditing Describe the three elements that determine the scope of internal auditing. (Level 1)
1.3
Functions of management Explain the main functions of management and how they relate to achieving control. (Level 2)
1.4
Enterprise risk Define risk and enterprise risk, and explain how they are related to the concept of control. (Level 1)
1.5
Role of the internal auditor Explain the role of internal auditors in their organization, and compare it with the role of the organization’s external auditors. (Level 1)
1.6
Types of internal audit assignments Describe the types of audits carried out by internal auditors. (Level 1)
1.7
Performance measurement Compare internal auditing and performance measurement. (Level 2)
1.8
The ethical climate Outline the role of the internal auditor in promoting ethical culture and standards in an organization. (Level 1)
1.9
Ethical considerations Apply ethical