HOLY ANGEL UNIVERSITY

COLLEGE OF BUSINESS AND ACCOUNTANCY

DEPARTMENT OF ACCOUNTANCY
SYLLABUS IN INTERNAL AUDITING (XINTAUD)
Course Descri!io"#
Cre$i!#
Course Prere%uisi!e:
M&'or Co(e!e"c):
Advanced Financial Accounting & Reporting, Part I (XADVAC 1)
Tree !nit" (#)
A""i$ilate and de$on"trate %no&ledge o' te conceptual, $anagerial, etical, organi(ational and in"titutional
"tandard" a" 'oundation on internal auditing including appropriate practice "tandard") and appl* te"e troug
appreciation and "el'+a""e""$ent, Te co$petenc* gained &ill -e a 'oundation 'or 'uture auditing "u-.ect" "uc a"
auditing teor* and auditing practice,
Introduce" te "tudent" to te $andator* internal auditing pronounce$ent" o' /Te In"titute o' Internal Auditor"0
(Te IIA)) togeter &it te interpretation" o' te /International 1tandard" 'or te Pro'e""ional Practice o' Internal
Auditing0 (I1PPIA), Concentration &ill -e on te concept", o-.ective", "tandard", po"ition paper", practice
advi"orie" and practice guide" in te conduct o' internal audit, 1tudent" are e2pected to appl* te learned
concept" -* undergoing co$preen"ive e2a$ination" and ca"e anal*"e",
Course O*'ec!i+es#
V&,ues O*'ec!i+es#
Focu" &ill -e on te 'ir"t "i2 (3) unit" o' te International 1tandard" 'or te Pro'e""ional Practice o' Internal Auditing
(I1PPIA) andout &ic at te end o' te cour"e, te "tudent" are e2pected to:
1, I$-i-e te relevance & i$portance o' I1PPIA al"o %no&n a" 41tandard"5,
6, Di''erentiate peculiaritie" -et&een a""urance and con"ulting "ervice" troug -a"ic under"tanding o' te
internal audit carter and practice "tandard",
3. De'ine te core concept" -eind te internal auditor5" role",
7, Appreciate and de$on"trate under"tanding o' internal control 'ra$e&or%,
8, Anal*(e i$plication" o' organi(ational "tructure" and leader"ip "t*le" on internal control 'ra$e&or% &itin te
organi(ation,
1, De$on"trate intellectual "%ill" "uc a" logical tin%ing and learn te proce"" o' critical and creative tin%ing (te
generation o' ne& idea")) vi"uali(ation ("eeing ting" in te $ind5" e*e)) and rea"oning "%ill" (te di"cover* o' a
rule or principle) underl*ing te relation"ip -et&een t&o or $ore o-.ect" in ca"e "ituation",
6, De$on"trate" interper"onal "%ill" re9uired o' an accountant &or%ing in group" and a" a tea$ pla*er)
per"ua"ivene"", con'idence and diplo$ac*) di"creetne"", open+$indedne"" and patience, ard &or% and a-ilit*
to re"pond &ell to pre""ure,
#, De$on"trate e''ective co$$unication "%ill" in li"tening, "pea%ing and &riting at all organi(ational level"
"peci'icall* in .u"ti'*ing one5" po"ition, delivering i$pre""ive pre"entation and to per"uading and convincing
oter",
7, De$on"trate ig level o' per'or$ed in $eeting pu-lic intere"t in accordance &it te ige"t etical "tandard"
o' pro'e""ionali"$:
Integrit*:
De$on"trate te a-ilit* to carr* out dutie" according to te etic" o' te pro'e""ion,
Co$$unicate pro'e""ional li$itation", 'avora-le in'or$ation and pro'e""ional .udg$ent e''ectivel*
:-.ectivit* and independence:
Co$$unicate in'or$ation 'airl*, o-.ectivel* and 'ull* all relevant in'or$ation tat could
rea"ona-l* in'luence an intended u"er" under"tanding o' te report", co$$ent" and
reco$$endation" pre"ented,
Pro'e""ional co$petence:
;aintain an appropriate level o' pro'e""ional co$petence -* continuou" "el'+develop$ent and
per'or$ance o' one5" pro'e""ional dutie" in accordance &it relevant la&", regulation" and
tecnical "tandard",
Prepare o-.ective", co$plete report" and reco$$endation" a'ter appropriate anal*"i" o'
relevant and relia-le in'or$ation,
Con'identialit*:
Re'rain 'ro$ di"clo"ing con'idential in'or$ation ac9uired in te cour"e o' teir &or%, e2cept
&en autori(ed, and &en legall* o-ligated to do "o)
Pro'e""ional -eavior:
Di"carge one5" pro'e""ional re"pon"i-ilitie" &it co$petence and diligence, te -e"t o' one5"
a-ilit* &it concern 'or to"e &o$ te "ervice" are per'or$ed and con"i"tent &it te pro'e""ion5"
re"pon"i-ilit* to te pu-lic,
8, De$on"trate te a-ilit* to di"cern -et&een &at i" $oralit* rigt or &rong,
Course Or-&"i.&!io"#
NO/ OF
HOURS
SPECIFIC TOPICS COMPETENCIES
OUTCOMES0
STUDENT
ACTIVITIES
ASSESSMENT
TOOLS
RESOURCES
18
UNIT 1# S!&"$&r$s 2 Pro3icie"c)
A, Attri-ute 1tandard"
<, Per'or$ance 1tandard"
C, =lo""ar*
D, Pro'icienc*
>, Due Pro'e""ional Care
F, Continuing Pro'e""ional
Develop$ent
!?I T 1 @andout
I/ Co"ce!u&,i.e i"!er"&, &u$i!i"-
&ccor$i"- !o (&"$&!or)
ro"ou"ce(e"!s o3 !4e I"s!i!u!e o3
I"!er"&, Au$i!ors (IIA)
A, De'ine internal auditing a" te
'oundation o' te International
Pro'e""ional Practice" Fra$e&or%
(IPFF),
<, Di''erentiate attri-ute "tandard"
'ro$ per'or$ance "tandard" 'or
-ot a""urance and con"ulting
"ervice" re"pectivel*,
C, >2plain i$portant ter$inologie"
-eing u"ed trougout te
"tandard u"ing te =lo""ar*
"ection,
D, Conve* practice advi"orie" tat
co$ple$ent or "upport te
pro'e""ional practice o' internal
audit "uc a" pro'icienc*, due
pro'e""ional care and continuing
pro'e""ional develop$ent,
Concept
Develop$ent
De$on"tration
Ca"e Anal*"e"
1e$i+1u$$ative
Te"t
For$ative Te"t
Cart" A ;atrice"
Continuou"
A""e""$ent
In"titute o'
Internal
Auditor"
Internal Audit
Pronouncemen
ts (Te IAA)
@andout", -*
6BBC =lei$
Pu-lication",
Inc, andA or
=lei$ Internet
Inc, www.
gleim.com
NO/ OF
HOURS
SPECIFIC TOPICS COMPETENCIES
OUTCOMES0
STUDENT
ACTIVITIES
ASSESSMENT
TOOLS
RESOURCES
1C UNIT 5# C4&r!er6 I"$ee"$e"ce 2
O*'ec!i+i!)
A, Carter
<, Independence
C, :-.ectivit*
D, Independence & :-.ectivit*
!?IT 6 @andout
II/ Prese"! 2 e7,&i" s!&"$&r$s &"$
r&c!ice &$+isories o" i"!er"&, &u$i!
c4&r!er &"$ -ui$i"- er3or(&"ce o"
3or(&, co"su,!i"- e"-&-e(e"!s
A, >nu$erate i$portant ele$ent"
tat co$po"e an internal audit
carter,
<, >2plain te relevance o' te
internal auditor5" independence
and o-.ectivit* in te conduct o'
'or$al con"ulting engage$ent",
Ca"e Anal*"e"
Pre"entation o'
Internal Audit
Carter "a$ple
<u(( "e""ion
1e$i+1u$$ative
Te"t
For$ative Te"t
Continuou"
A""e""$ent
In"titute o'
Internal
Auditor"
Internal Audit
Pronouncemen
ts (Te IAA)
@andout", -*
6BBC =lei$
Pu-lication",
Inc, andA or
=lei$ Internet
Inc, www.
gleim.com
PRELIMINARY EXAMINATION
1C UNIT 8# I"!er"&, Au$i! Ro,es I
A, ?ature o' Dor%
<, =overnance
C, Regulator* Co$pliance
!?IT # @andout
III/ Prese"! 2 e7,&i" s!&"$&r$s &"$
r&c!ice &$+isories o" "&!ure o3 9or:6
-o+er"&"ce &"$ re-u,&!or) co(,i&"ce
i" i"!er"&, &u$i!i"-
A, A""i$ilate "cope o' internal
auditing &it practice advi"orie",
<, >2plain a""e""$ent o'
governance a" a 'unda$ental
ele$ent o' internal auditing and it"
related practice advi"orie" a''ecting
te etical culture o' te co$pan*,
C, >2pound a""e""$ent o'
regulator* co$pliance a" part o' te
role o' organi(ational co$pliance,
Ca"e Anal*"e"
<u(( "e""ion
Eno&ledge 1aring
1e$i+1u$$ative
Te"t
For$ative Te"t
Continuou"
A""e""$ent
In"titute o'
Internal
Auditor"
Internal Audit
Pronouncemen
ts (Te IAA)
@andout", -*
6BBC =lei$
Pu-lication",
Inc, andA or
=lei$ Internet
Inc, www.
gleim.com
NO/ OF
HOURS
SPECIFIC TOPICS COMPETENCIES
OUTCOMES0
STUDENT
ACTIVITIES
ASSESSMENT
TOOLS
RESOURCES
18 UNIT ;# I"!er"&, Au$i! Ro,es II
A, Ri"% ;anage$ent
<, In'or$ation 1ecurit* &
Privac*
!?I T 7 @andout
IV/ Prese"! 2 e7,&i" s!&"$&r$s &"$
r&c!ice &$+isories o" ris: (&"&-e(e"!
&"$ i"3or(&!io" securi!) &"$ ri+&c)
A, De'ine te role o' te internal
audit activit* in ri"% $anage$ent,
<, >2plain related practice
advi"orie" in te internal auditor5"
role in ri"% $anage$ent and
in'or$ation "ecurit* & privac*,
Ca"e Anal*"e"
<u(( "e""ion
Eno&ledge 1aring
1e$i+1u$$ative
Te"t
For$ative Te"t
Continuou"
A""e""$ent
In"titute o'
Internal
Auditor"
Internal Audit
Pronouncemen
ts (Te IAA)
@andout", -*
6BBC =lei$
Pu-lication",
Inc, andA or
=lei$ Internet
Inc, www.
gleim.com
MIDTERM EXAMINATION
18 UNIT <# Co"!ro, P&r! I
A, A""e""ing Control
<, Control 1el' A""e""$ent
C, Interi$ Report",
Di"clo"ure, and
Certi'ication
D, Auditing Financial
Reporting
>, Control Criteria
!?IT 8 @andout
V/ Prese"! ro"ou"ce(e"!s o3 !4e IIA
i"c,u$i"- !4e !4eore!ic&, co"si$er&!io"s o"
i"!er"&, co"!ro,/
A, De'ine te control -a"ed on te
"tandard and practice advi"or*,
<, De"cri-e C1A (Control 1el'
A""e""$ent) $etod" and te role o'
te internal auditor in te proce"",
C, >2plain te role o' internal auditor"
&it re"pect to interi$ report", di"clo"ure
and certi'ication on internal control
adapted 'ro$ practice advi"orie",
Ca"e Anal*"e"
<u(( "e""ion
Eno&ledge
1aring
1e$i+1u$$ative
Te"t
For$ative Te"t
Continuou"
A""e""$ent
In"titute o'
Internal
Auditor"
Internal Audit
Pronouncemen
ts (Te IAA)
@andout", -*
6BBC =lei$
Pu-lication",
Inc, andA or
=lei$ Internet
Inc, www.
gleim.com
NO/ OF
HOURS
SPECIFIC TOPICS COMPETENCIES
OUTCOMES0
STUDENT
ACTIVITIES
ASSESSMENT
TOOLS
RESOURCE
1= UNIT ># Co"!ro, P&r! II
A, :vervie& o' Control
<, Control Fra$e&or%
C, ;anage$ent Control
Tecni9ue"
D, :rgani(ational 1tructure"
>, Feader"ip
F, Cange ;anage$ent
=, Con'lict ;anage$ent
!?I T 3 @andout
VI/ Prese"! co"!ro, 3r&(e9or:s &"$ i!s
i(,ic&!io"s o3 or-&"i.&!io"&, cu,!ures &"$
,e&$ers4i s!),es &"$ !4e (&"&-e(e"!
c4&"-e &"$ co"3,ic!/
A, Conceptuali(e e""ence o' control and
control 'ra$e&or%",
<, >2plain and vi"uali(e te control
'ra$e&or%" developed and pu-li"ed -*
te Co$$ittee on 1pon"oring
:rgani(ation" (C:C: ;odel),
Internal Control Integrated
Fra$e&or%
>nterpri"e Ri"% ;anage$ent G
Integrated Fra$e&or%
Internal Control over Financial
Reporting G =uidance 'or 1$aller
Co$panie"
Criteria o' Control Fra$e&or%
(C:C: ;odel),
C, Illu"trate $anage$ent control
tecni9ue" and te ele$ent" o' te
organi(ation a" a $ean" o' acieving
internal control,
D, Pre"ent te di''erent ele$ent" o'
organi(ational "tructure",
>, Identi'* di''erent leader"ip "t*le" in
variou" organi(ation" tat "et te tone
'or internal control,
F, 1tud* cange $anage$ent and
con'lict $anage$ent tecni9ue",
Ca"e Anal*"e"
<u(( "e""ion
Eno&ledge
1aring
1e$i+1u$$ative
Te"t
For$ative Te"t
Cart" A ;atrice"
Continuou"
A""e""$ent
In"titute o'
Internal
Auditor"
Internal Audit
Pronouncemen
ts (Te IAA)
@andout", -*
6BBC =lei$
Pu-lication",
Inc, andA or
=lei$ Internet
Inc, www.
gleim.com
FINAL EXAMINATION
SUMMARY:
Total cla"" our" (including &ee%l*
9ui((e")
HH
For$al e2a$ination" ($id+ter$, 'inal") H
Total 1BC
Re%uire$ H&"$ou!# In"titute o' Internal Auditor" Internal Audit Pronouncements
(Te IAA) @andout", -* 6BBC =lei$ Pu-lication", Inc, andA or
=lei$ Internet Inc, www. gleim.com
O!io"&, Resources (Te7!*oo:s)# ;anual on Internal Auditing -* Ra.%u$ar 1, Adu%ia
<,Co$ (@on"), FF<, AICDA, FCA
Auditing Teor*
;aria >lenita <alat-at Ca-rera
B&sis 3or Course Gr&$e#
=rade &ill -e co$puted a" 'ollo&":
Preli$ #BI Jui((e" 7BI
;idter$ #BI Cla"" 1tandingK 6BI
Final" 7BI ;a.or >2a$ination 7BI
Total 1BBI Total 1BBI
O!4er Po,icies
1. Examinations and Quizzes
In"titutional ADepart$ental G Preli$, ;idter$, and Final"
Jui((e" + Jui((e" &ill -e given at lea"t t&ice ever* grading period, All 9ui((e" "ould -e announced, unle"" te te"t given i" a diagno"tic te"t,
2. Other Course Requirements:
@o$e&or% Polic* G &ill -e given at te di"cretion o' te 'acult* and &ill -e graded a" part o' cla"" "tanding
Report"ARe"earce" G &ill -e given onl* i' appropriate 'or te topic" di"cu""ed,
Te "tudent5" re"pon"i-ilit* i" to co$e to eac cla"" prepared, @eA"e i" al"o e2pected to ta%e all e2a$ination" on te date" "ceduled, @eA"e "ould read te a""igned
$aterial" and "olve a""igned pro-le$ $aterial" prior to cla"", @eA"e i" e2pected to attend eac cla"" and participate activel* in te di"cu""ion",
3. Academic Dishonesty
All accountanc* "tudent" are e2pected to -e acade$icall* one"t, Ceating, l*ing and oter 'or$" o' i$$oral and unetical -eavior &ill not -e tolerated, An* "tudent 'ound
guilt* o' ceating in e2a$ination" or plagiari"$ in "u-$itted cour"e re9uire$ent" &ill (at a $ini$u$) receive an F (or 8,B) or 'ailure in te cour"e, Plagiari"$ and ceating re'er
to te u"e o' unautori(ed -oo%", note" or oter&i"e "ecuring elp in a te"t) cop*ing te"t", a""ign$ent", report" or ter$ paper") repre"enting te &or% o' anoter per"on a" oneL"
o&n) colla-orating, &itout autorit*, &it anoter "tudent during an e2a$ination or in preparing acade$ic &or%) "igning anoter "tudent" na$e on an attendance "eet) or
oter&i"e practicing "cola"tic di"one"t*