Internal Control and Audit

This class exists in these courses :
• FLSEG > Master in Management of Compagnies > Unité d'enseignement complémentaire > 3,00 ECTS
• FLSEG > Masters in business finance and markets > Unité d'enseignement spécialisé > 3,00 ECTS

Prerequisites

None

Learning outcomes

- Present the necessary notions of control and internal audit
- Training professionals to the job of Controller / Internal Auditor
- Prepare future professionals to be audited in explaining their audit methodology
- Develop critical thinking, analytical skills ... finding solutions

Course description

PART I: THE FRAMEWORK
Definition:
- The job of an auditor
- The origin of the function
- The definition of AI
- The Scope

Theme 1: The internal control in one entity
- Definition and concepts
- Framework
- Players

Theme 2: Positioning
- Internal audit and external audit
- Internal audit and management control
- Internal Audit and Quality
- Internal audit and risk function

Theme 3: Standards of Service
- The international organization
- Standards of Internal Audit

PART II: THE CONDUCT OF INTERNAL AUDIT MISSION
Theme 1: Methodology of the listener
- The preparation phase
- The execution of a mission
- The completion of a mission
- Work Report

Theme 2: Technology Auditor
- Global approaches
- Question Approach
- Audit Approach
- Note taking

Theme 3: The behavior of the internal auditor
- The powers of the auditor
- Recognizing the expectations / concerns raised by the mission
- Promote the relevance of the findings
- Gaining the unitiy amongst auditors

PART III: SPECIFIC CAREERS
Theme 1: Detection and prevention of fraud by the auditor
- The different types of fraud
- The audit fraud

Theme 2: The specifics of the internal audit bank
- The texts in force: CRBF 97-02
- Architecture of the internal control bank
- Specific banking risks

Class type

Class structure

Teaching methods

• Lecture
• Case study
• Group work

Assessment

Recommended reading

• La conduite d’une mission d’audit interne / IFACI (Dunod) -

• Memento d’Audit Interne / (Dunod) - Pierre Schick

Internet resources

• www.ifaci.fr