Theory and practice of internal auditing I
Associate Professor Gurdarshan S Gill
6 points (MPracAcc), 4 points (GradDipAcc) * 39 hours per semester * First, second, summer semester * Caulfield, In-house
Objectives On completion of this subject students should have knowledge of: the standards for the professional practice of internal auditing; the purpose and content of the certified internal auditor code of ethics; nature and types of fraud and the responsibilities of the internal auditor for fraud prevention and detection; how to administer and manage an internal audit assignment and department; the format of internal audit reports and communications.
Synopsis Lectures and seminars on: nature and scope of internal auditing; internal auditing standards, professional ethics, fraud prevention and detection, administration of the internal auditing assignment and the internal audit department; internal auditor relationships with auditee; corporate governance; and external auditors.
Assessment Class tests: 30% * Final examination (2 hours): 70%
Prescribed texts
Brink V Z and Witt H Modern internal auditing appraising operations and controls 4th edn, Ronald Press, 1982
The Institute of Internal Auditors The professional internal auditing standards volume The Institute of Internal Auditors, 1988
Sawyer L B and Sumners G Sawyer's internal auditing The Institute of Internal Auditors, 1988