INTERNAL AUDIT

Course Code: FB326.2 • Study year: III • Academic Year: 2022-2023
Domain: Accounting • Field of study: Accounting and Management Information Systems
Type of course: Elective (1 of 2)
Language of instruction: English
Erasmus Language of instruction: English
Name of lecturer: Oana Raluca Ivan
Seminar tutor: Oana Raluca Ivan
Form of education Full-time
Form of instruction: Class
Number of teaching hours per semester: 56
Number of teaching hours per week: 4
Semester: Summer
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 3

Course aims:

• To acquire fundamental knowledge about the aims and methods in the field of internal audit ;
• To know the main principles, procedures, techniques, instruments used to perform an internal audit mission;
• To formed open-minded epistemic attitude related to the field of internal audit.

Course Entry Requirements:

-

Course contents:

1. Introduction to internal audit 2. Standardization of internal audit 3. International set of Internal Audit Standards 4. Internal audit and internal control – function of the management’s entity 5. Riscks as a fundamental in performing and internal audit mission

Teaching methods:

Lecture, conversation, exemplification.

Learning outcomes:

• Knowledge and understanding of the fundamental concepts, theories, and methods in the field and specialty area; • Use of fundamental knowledge in order to explain and interpret various types of concepts, situations, processes, projects, etc. associated to the field; • Adequate use of standard assess methods and criteria in order to evaluate the quality, merits and limits of various processes, programs, projects, concepts, theories, and methods, etc.; • Drawing up professional projects using several methods and principles acknowledged in the field.

Learning outcomes verification and assessment criteria:

Written exam – 70%; verification during semester – 30%.

Recommended reading:

• www.theiia.org
• https://na.theiia.org/standards-guidance/mandatory-guidance/Pages/Standards.aspx
• David M Griffiths, Risk based internal auditing, edition 2015, http://www.internalaudit.biz