TECH 62510 - Risk Analysis And Management

Prerequisite(s): Credit Hours: 3.00. Study of the conceptual frameworks of risk management and internal control that form the basis of the internal auditing profession; review the professional standards and practices that guide the internal auditor; define the roles and responsibilities of the internal auditor in assessing enterprise risk and in establishing or enhancing controls to mitigate such risk; describe the assurance tests and techniques that support the internal auditor in assessing governance, risk management, and process controls. Assurance engagements are mainly addressed. Special attention will be given to audit sampling plans and the role of the internal auditor in assessing internal controls over fraud. A study of risk assessment and management techniques, methods, and models used in industry to minimize, control and communicate risks, including conducting various risk management protocols. In addition, the class will examine the latest ISO Standards. ISO 14001 and ISO 31000 standards. Permission of department required. Prerequisite: STAT course 300 level or higher with a C or better.

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