ACCT 422 - Internal Auditing

Units: 3
Roles of the internal auditor in: ensuring the reliability and integrity of information, compliance with operating and reporting requirements, internal control audit, operational audit and management audit. An in-depth study of the standards of the Institute of Internal Auditors (IIA).

Prerequisites: ACCT 311 with grade C or better.
Equivalent Quarter Course: ACCT 4253.
Possible Instructional Methods: Entirely On-ground, or Entirely Online.
Grading: A-F grading only.
Student Learning Outcomes - Upon successful completion of this course students will be able to:

Explain the internal audit process including the professional standards applicable to the internal audit profession;
Explain the professional standards required for internal audit functions operating under the auspices of The Institute of Internal Auditors’ International Practices Framework;
Describe the application of internal auditing procedures to performance, operational, efficiency & effectiveness, and financial related audits;
Assess manual and information system controls;
Identify and describe sampling methodologies commonly used within the audit profession;
Explain the ethical and legal responsibilities of auditors in the internal audit profession;
Develop and apply problem solving and critical thinking skills essential to solve unstructured auditing problems.