Audit, Controlling, & Risk Management

The American Business School Paris

Course Description

  • Course Name

    Audit, Controlling, & Risk Management

  • Host University

    The American Business School Paris

  • Location

    Paris, France

  • Area of Study

    Accounting, Finance

  • Language Level

    Taught In English

  • Prerequisites

    ACCT 11

    ACCT 127

  • 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.

    Hours & Credits

  • US Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    This course will focus on the market need for reliable financial information in an increasingly control-conscious and international environment. Its aims are
    1. to define audit and distinguish its different types (internal and external auditing) and relationship to users
    2. 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.
    On completion of this module, the student should be able to:
    1. Understand the principles of auditing
    2. Have an appreciation of the organization and evolution of the profession
    3. Be familiar with Professional Ethics (regarding the accounting profession)
    4. Discuss the audit process, with a focus towards the audit of a multinational enterprise
    5. Understand audit evidence & documentation
    6. Understand fraud auditing and risk management
    7. Be able to interpret and draft audit reports
    O.Ray Whittington, Kurt Pany Principles of Auditing and Other Assurance Services 19th Edition 2014 Mc Graw-Hill/Irwin ISBN 978-125-906095-3
    The final grade will be made up of class participation (20%), a mid-term test (40%) and the final examination (40%)

Course Disclaimer

Courses and course hours of instruction are subject to change.


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