Mail: ef@unze.ba / Phone: (+387 32) 460 467, 460 444

Internal audit, risk management, and strategic management of the organization

Study: Second cycle

Semester: First semester

Professor: Prof. Ph.D. sc. Nino Serdarević

                     Prof. Ph.D. sc. Sado Puskarevic

Section:      Accounting and auditing management

ECTS:          7.5

Exam results

Course content

  1. The role and importance of internal audit
  2. Internal Audit Charter
  3. Code of ethics of internal auditors
  4. Risk assessment, planning and audit types (Strategic Plan, Annual Plan, Individual Audit Plan/Operational Plan)
  5. Internal audit process
  6. Establishing and documenting the system
  7. Gathering and analyzing information about the revised process
  8. Assessment of the internal control system
  9. Identifying detailed risks and expected controls
  10. Initial assessment of existing internal controls
  11. Compliance tests and proof tests
  12. Making conclusions - finding, opinion and recommendations
  13. Monitoring the implementation of recommendations
  14. Supervision
  15. Irregularities and fraud

Objective of the course

Get to know the components of the internal control and risk management system.

 

Teaching methods

  1. Lectures
  2. Research analyses
  3. Group work with students
 

Knowledge testing methods

  • Test 30%
  • Research paper 60%
  • Activity 10%

Competences

Links between audit and strategic management of the organization, Risk management, Strategic planning in internal audit, Establishing effective internal control systems.

 

Literature

Mandatory

  1. International Professional Practices Framework (IPPF), The Institute of Internal Auditors, 2014

Additional

  1. Law on Internal Audit of BiH Institutions ("Official Gazette of BiH", No. 27/08)
  2. Current articles by choice
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