Audit and Internal Controls

This unit teaches students about the role and importance of internal controls within an organisation. Students will explore the purpose and components of internal controls and understand how they impact organisations. All organisations must guard against fraud through good internal control systems. A key aim of this unit is to provide students with the tools to identify fraud risks and assess how internal controls can be used to mitigate those risks. Learning outcomes and objectives: Understand the role of internal controls within an organization Understand the audit and assurance framework Understand the planning and risk assessment process for audit engagements Evaluate internal control systems as part of the audit process Understand procedures for obtaining sufficient and appropriate evidence Review and report findings