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ACCT 304. Internal Audit 1

Credits: 3
Department: Accounting
Description: Nature of internal and operational auditing, performance of an operational audit.
Prerequisites: ACCT 292
Semester Offered: DEMAND
Grading Method: ABCDF

Student Learning Outcomes

1. Students will be able to recognize and discuss the role internal auditors play in industry, government, and private organizations and how they fit into the governance process within these organizations.
2. Students will be able to use research strategies to find internal audit standards, guidelines, and emerging issues and the relationship to relevant laws and regulations.
3. Students will be able to evaluate processes within organizations that are prone to control issues and identify the implications for resource allocation.
4. Students will be able to identify the roles and responsibilities within an organization with respect to internal controls.
5. Students will be able to describe how technology fits into the control environment.
6. Students will be able to describe fraud risks and identify related controls.
7. Students will be able to demonstrate the internal audit process and how the assurance engagement is conducted.






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