Chapter
Internal Controls
Internal and Forensic Audit (Elective Paper 4.2)Part I: Internal Audit (60 Marks)
10 topics
- Meaning and Definition of Internal Control
- Dimensions of Internal Control
- Types of Controls (Preventive, detective, input, output)
- Internal Control Techniques
- Internal Control Frameworks (COSO, Cadbury)
- Role of Internal Auditors in Implementation of Internal Controls
- Examine the effectiveness and efficiency of internal controls
- Fraud Risk Awareness
- Risk Management
- Recommend controls to prevent and detect fraud and educate to improve the organization's fraud awareness