Audit, Controlling, & Risk Management
The American Business School Paris
Area of Study
Accounting, Finance, Financial Management
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
OverviewCOURSE DESCRIPTION:This course will focus on the market need for reliable financial information in an increasingly control-conscious and international environment. Its aims are1. to define audit and distinguish its different types (internal and external auditing) and relationship to users2. to consider methods of auditing, how evidence is gathered and documented, how conclusions are reached. to understand reasons for the increasing awareness of the need for internal control and the work of the Committee of Sponsoring Organizations (?COSO?)3. to explain what risk management is, understand the COSO Enterprise Risk Management (ERM) Model and how to manage risks properly.4. To understand what fraud is and how to deal with fraud risk in the audit approach. How to respond to fraud when suspected or detected.5. The analysis of audit reporting.EXPECTED LEARNING OUTCOMES:On completion of this module, the student should be able to:1. Understand the principles of auditing2. Have an appreciation of the organization and evolution of the profession3. Be familiar with Professional Ethics (regarding the accounting profession)4. Discuss the audit process, with a focus towards the audit of a multinational enterprise5. Understand audit evidence & documentation6. Understand fraud auditing and risk management7. Be able to interpret and draft audit reportsTEXTBOOK:O.Ray Whittington, Kurt Pany Principles of Auditing and Other Assurance Services 19th Edition 2014 Mc Graw-Hill/Irwin ISBN 978-125-906095-3EVALUATION :The final grade will be made up of class participation (20%), a mid-term test (40%) and the final examination (40%)
Courses and course hours of instruction are subject to change.