MONASH UNIVERSITY FACULTY HANDBOOKS

Business & Economics Handbook 1996

Authorised by Academic Registrar, April 1996

ACC6420

Theory and practice of internal auditing I

Mr Gurdarshan S Gill

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 Topics include 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% + Examination (2 hours): 70%

Prescribed texts

• Brink V Z and Witt H Modern internal auditing appraising operations and controls 4th edn, Ronald Press, 1982
• Sawyer L B and Sumners G Sawyer's internal auditing Institute of Internal Auditors, 1988
• The professional internal auditing standards volume Institute of Internal Auditors, 1988