Risk Management, Internal Control and Auditing

llsms2090  2021-2022  Louvain-la-Neuve

Risk Management, Internal Control and Auditing
5.00 credits
30.0 h
Q1
Teacher(s)
Antoons Charlotte;
Language
English
Main themes
  • Risk Management
  • Internal Control
  • Internal Auditing
Learning outcomes

At the end of this learning unit, the student is able to :

1 Having regard to the LO of the programme, this activity contributes to the development and acquisition of the following LO:
  1. Mastering knowledge:
    1. Mastery of highly specialized knowledge: advanced and recent knowledge and methods from scientific research.
    2. Activating and applying knowledge from different fields of management.
  2. Act as a socially responsible actor
    1. Decide and act responsibly by considering the short, medium and long-term, and sometimes conflicting, economic, social and environmental impacts of its decisions and actions on the various stakeholders.
  3. Work as a team and exercise team leadership
    1. Teamwork: Integrate and be able to collaborate in a team, be open and take into account different points of view and ways of thinking, manage differences and conflicts constructively, assume diversity.
 
Content
  • Internal Auditing
    1. What is internal auditing, why we need it?
    2. Internal audit positioning, complementarity with risk management and other control functions
    3. Main types of audit and evolution
    4. Required competencies/skills for internal auditors
    5. IIA International Professional Practices Framework
    6. Key steps in an audit process: planning, fieldwork, reporting & follow-up
  • Risk Management
    1. Why we all need risk management?
    2. Risk management frameworks
    3. The risk process
    4. Attitudes, behaviours and risk culture
    5. Corporate governance requirements related to risk oversight
    6. What can we learn from academic research?
Teaching methods
  • Theory classes
  • Case study
  • Readings
  • Group discussions
  • Guest speaker (as far as possible)
  • Exercises
Evaluation methods
  • Internal auditing : 50%
    • Continuous evaluation (case study, group assignments): 50%
    • Evaluation week: Final exam 50%
  • Risk management: 50%
    • Continuous evaluation (case study, group assignments): 50%
    • Evaluation week: Final exam 50%
Bibliography
  • Slides, articles and case studies posted on Moodle
  • No specific textbook is required
Faculty or entity
CLSM


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Master [120] in Management

Master [120] : Business Engineering