Available to students majoring in Accountancy, the optional concentration in Internal Auditing prepares students to meet the challenges of the profession and provides them with knowledge of the internal audit function that is becoming increasingly important in the global business community. Students experience rigorous classroom learning designed to deliver the knowledge and practical skills they’ll need to succeed during the first years of their careers including: oral and written communication, understanding of internal audit’s role of providing objective assurance of key governance, risk management, and compliance processes, use information technology processes and controls in the assurance function, and development of teamwork and leadership skills. Successful students will enjoy opportunities to visit companies and interact with Chief Audit Executives on risk assessment projects.
A student completing the concentration in Internal Auditing is required to take three courses:
- Two required courses:
- One elective course chosen from:
Courses for the concentration may be taken in any order.
To declare the concentration in Internal Auditing, a student must be a declared Accountancy major. The concentration may be declared at the same time as major declaration or added afterward. All courses for the concentration must be completed with a minimum grade of C-.
Auditing I provides a conceptual introduction to the nature and value of assurance services. The course examines the organization of the accounting profession, Generally Accepted Auditing Standards (GAAS), professional ethics, and legal responsibilities including U.S. Securities laws. It focuses on financial audits by external auditors, including planning and acceptance, internal control, evidence, and reporting.
ACC 305 or ACC 309 is a prerequisite for this class.
This course covers a risk-based, process and controls-focused internal audit approach. Topics include internal audit standards, internal control, corporate governance, risk assessment, evidence and documentation, fraud risks and auditing techniques including sampling and the use of systems-based audit techniques. Professional ethics, emerging issues are discussed.
ACC 102 is a prerequisite for this class.
FRAUD EXAMINATION & FORENSIC AUDITING
This course covers various aspects of fraud prevention and detection, including elements of fraud, costs of fraud, use of controls to prevent fraud, and methods of fraud detection. Guest speakers with expertise in fraud examination/forensic auditing will share their knowledge and experiences with the class.
ACC 304 or ACC 307 is a prerequisite for this class.
Management and boards continue to recognize the importance of effectively managing information technology (IT) assets - to meet business objectives and to thoughtfully manage IT related business risks. This course examines the key principles related to auditing information technology processes and related controls and is designed to meet the ever increasing needs of IT audit and IT governance professionals. In addition, this course aids in the preparation for the Certified Information Systems Auditor (CISA) exam. PREREQUISITE(S): None