Internal audit and internal control

Course Code: ACAE 21-1 • Study year: II • Academic Year: 2022-2023
Domain: Accounting - Masters • Field of study: Audit and control of economic agents
Type of course: Compulsory
Language of instruction: Romanian
Erasmus Language of instruction: English
Name of lecturer: Oana Raluca Ivan
Seminar tutor: Oana Raluca Ivan
Form of education Full-time
Form of instruction: Lecture
Number of teaching hours per semester: 56
Number of teaching hours per week: 4
Semester: Autumn
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 8

Course aims:

•To acquire fundamental knowledge about the aims and methods in thefield of internal audit and internal control ;
• To know the main principles, procedures, technics, instruments used to perform an internal audit mission and internal control missions ;
• Learning the skills necessary for carrying out an audit trainee in the context of relevant international trade rules

Course Entry Requirements:


Course contents:

1. Corporate Governance - Internal audit and internal control 2. The concept of internal control: defining, features of internal control; Models of internal control , internal control implementation 3. The objectives of internal controls and internal control system components . Implementation of internal control . Forms of internal control . Stages of internal control . Specific forms of internal control procedures 4. The internal control report and valorization Internal audit andinternal control – function of themanagement’s entity 5. The internal audit function within the organization - organization , role and objectives 6. The methodology of risk-based internal audit : procedures, techniques , samples and documentation 7. Internal Audit Report , communication, quality insurance, post- audit responsibilities

Teaching methods:


Learning outcomes:

• Knowledge and understanding of the fundamental concepts, theories, andmethods in the field and specialityarea; • Use of fundamental knowledge in ordertoexplainand interpret varioustypes of concepts, situations, processes, projects, etc. associatedtothefield;

Learning outcomes verification and assessment criteria:

Written exam – 50%; verification during semester – 50%.

Recommended reading:

information, •, website , website , 2021 , all
information, •, website , website , 2021 , all
• David M Griffiths, Risk based internal auditing,, website , website , 2021 , all