Course Title: Conduct internal audit
Part A: Course Overview
Program: C6113
Course Title: Conduct internal audit
Portfolio: BUS
Nominal Hours: 40.0
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ACCT5321C |
City Campus |
TAFE |
650T TAFE Business |
Face-to-Face or Internet |
Term1 2012,
Term1 2013, Term1 2014, Term2 2013 |
Course Contact: Maurice Sheridan
Course Contact Phone: +61 3 99255455
Course Contact Email: maurice.sheridan@rmit.edu.au
Course Description
This unit describes the performance outcomes, skills and knowledge required to evaluate information systems and assess an organisation’s risks as part of an internal audit process. This unit has application to a variety of financial services sectors and is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements so the varying Commonwealth, State or Territory requirements should be confirmed with the relevant body.
If you are undertaking this course in Melbourne from semester 2, 2012 onwards your teacher will advise you if you require access to a computer for the course. It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.
Pre-requisite Courses and Assumed Knowledge and Capabilities
FNSACC506A - Implement and maintain internal control procedures.
National Competency Codes and Titles
National Element Code & Title: |
FNSACC606A Conduct internal audit |
Elements: |
ELEMENT PERFORMANCE CRITERIA |
Learning Outcomes
Overview of Assessment
Overview of Assessment
Students must demonstrate an understanding of all elements of competency to be deemed competent.
A range of assessment methods are used to assess practical skills and knowledge, for example:
• direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
• review of authenticated documents from the workplace or training environment
• demonstration of techniques
Critical aspects of assessment
Evidence of the ability to:
- use internal control systems and meet organisational policies and procedures
- apply professional accounting standards in identifying strengths and weaknesses within organisational policies and procedures
- evaluate information systems
- develop implementation plans
- review resources and monitor plans.
PLEASE NOTE:
This unit will be co-delivered and co-assessed with two other units, namely FNSACC602A ( Audit and report on financial systems and records ) and FNSACC604A ( Monitor corporate governance activities ).