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Risk and Control Implications of Common Business Cycles

MGMT X 423.419

Get an introduction to the auditing process while focusing on practical applications of performing a full audit cycle during this course.

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What you can learn.

Gain an understanding of the 5 standard business cycles and the inherent risks associated with a given cycle
Learn how to evaluate these 5 standard business cycles utilizing the Internal Audit Process
Learn how to determine manual or IT-related controls utilized to reduce inherent risks associated with a given business cycle
Learn to identify and understand the Internal Audit process and how to execute Internal Audit procedures

About this course:

This Internal Auditing course is designed to provide the student with an introduction to the auditing process used by many organizations over their own internal operational cycles. The course explores the risks related to the 5 standard business cycles and the objectives of management implemented manual or IT-related internal controls utilized to reduce the risks associated with a given business cycle. The basics of the Internal Audit process, including professional standards and procedures, are also covered.

Prerequisites

MGMT X 423.2 Internal Auditing or equivalent experience.