Course Description:

This course focuses on the theory and practice of auditing within organizations. It covers internal auditing standards, overview of operational, performance and compliance type audits, and the application of common internal audit techniques. Credit not applicable to the Master of Accountancy degree.

Course Objectives:

• Develop an understanding of internal auditing and Institute of Internal Auditing standards
• Give the student an understanding of the new role of internal auditors in corporate governance, risk management and internal controls

Course Requirements:

Class sessions will consist of lectures, discussions and a practical example of addressing internal audit issues via IIA standards and pronouncements in both a written and verbal format. It is important to attend all classes. Students who experience multiple conflicts with other commitments at the same time as class are encouraged not to enroll.

Grading:

• Chapter 1-5 Examination (30%)
• Chapter 6-10 Examination (30%)
• IIA Standards: Presentation and Writing Project (10%)
• Final Examination (30%)