Objectives and competences
The aim of the course is to teach students to apply modern internal auditing methods, techniques and practices and to understand the purpose and objectives of internal auditing.
Content (Syllabus outline)
1. Introduction to internal auditing, it?s meaning, types and purposes, including the development of internal auditing;
2. Legal and professional rules (including ethical principles) regarding internal auditing
3. Methodology and methodics of internal auditing
4. Internal auditing subject areas (i.e., operational auditing, compliance, etc.)
5. Special thematic areas and aspects of internal auditing;
6. Professional aspects of internal auditing.
Learning and teaching methods
Lectures, discussions and case studies, individual coursework with presentation.
Intended learning outcomes - knowledge and understanding
In this course the student will be able to:
1. 1. Explain the methods, techniques, and approaches of internal auditing, as well as the users, legal and professional environment, and regulations. (PILO 2a)
2. 2. Explain international professional standards in the field of internal auditing. (PILO 2b).
3. 3. Apply theoretical knowledge in specific cases of internal audits and internal audit activities. (PILO 2a)
4. 4. Explain ethical frameworks and ethical dilemmas in internal audit activities and professional responsibility in the field of internal auditing. (PILO 4a)
5. 5. They will be able to assess the ethics of the circumstances of the organization's operations and internal auditing and be able to propose solutions to ethical problems. (PILO 4c)
6. 6. They will solve problems in the field of internal auditing in a working group. (PILO 3c)
7. 7. Will critically assess strategic operations in the field of economics using research methods. (PILO 2c)
8. Explain the professional ethical awareness and skills required to perform internal auditing in order to support the sustainable goals of the organization (PILO 4b).
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Intended learning outcomes - transferable/key skills and other attributes
In this course the student will be able to:
1. 1. Explain the methods, techniques, and approaches of internal auditing, as well as the users, legal and professional environment, and regulations. (PILO 2a)
2. 2. Explain international professional standards in the field of internal auditing. (PILO 2b).
3. 3. Apply theoretical knowledge in specific cases of internal audits and internal audit activities. (PILO 2a)
4. 4. Explain ethical frameworks and ethical dilemmas in internal audit activities and professional responsibility in the field of internal auditing. (PILO 4a)
5. 5. They will be able to assess the ethics of the circumstances of the organization's operations and internal auditing and be able to propose solutions to ethical problems. (PILO 4c)
6. 6. They will solve problems in the field of internal auditing in a working group. (PILO 3c)
7. 7. Will critically assess strategic operations in the field of economics using research methods. (PILO 2c)
8. Explain the professional ethical awareness and skills required to perform internal auditing in order to support the sustainable goals of the organization (PILO 4b).
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Readings
Obvezna literatura:
- Koletnik, F. (2007). Notranje revidiranje. Slovenski inštitut za revizijo.
- Anderson, U. L., Head, M. J., Ramamoorti, S., Riddle, C., Salamasick, M., & Sobel, P. J. (2017). Internal Auditing: Assurance & Advisory Services, Fourth Edition. The Institute of Internal Auditors, The IIA Research Foundation.
- Izbrane vsebine iz veljavnih strokovnih pravil o notranjem revidiranju.
- Global Internal Auditing Standards. The Institute of Internal Auditors (IIA). Vsakokratna aktualna verzija standardov.
- The Institute of Internal Auditors (IIA). (2024). Quality Assessment Manual, 2024 Edition.
Priporočena dodatna literatura:
- Aktualna gradiva posredovana na predavanjih in vajah.
Prerequisits
Regular attendance at lectures and tutorials (at least 70%) is a prerequisite for taking the midterm exams.
Additional information on implementation and assessment Seminar paper - written seminar paper with an oral defence.
Written exam - the written examination may be replaced by two midterm exams.
Written exam - students may gain additional bonus points by actively participating in lectures and tutorials (in-class participation), which will be added to the points obtained in the written examination or the midterm exams (up to a maximum of 10% of the written examination).
Written exam - The final course grade is the weighted arithmetic mean of the passing grade of the seminar paper (including the review assignment of another seminar paper) and the passing grade in the written examination.midterm exams.
