The University of Maryland’s Smith School MS in Accounting Program - Internal Auditing Track focus is a great way to develop and prepare you for a career that focuses on helping organizations make their business processes better controlled and more economical, efficient, and effective. The job growth for internal auditors, both in North American and internationally, is projected to outpace overall employment gains over the next decade. That makes internal auditing a great option for those entering the workforce or considering a career change. Learning how to help organizations improve their internal controls, risk management, organizational governance and compliance practices is critical for leveraging yourself and demonstrating to future employers that you can play an integral role in helping them achieve key objectives.
The internal audit profession has one set of global standards (The International Standards for the Professional Practice of Internal Auditing - IPPF) and one global professional certification examination (Certified Internal Auditor - CIA) that is globally accepted and promoted. Both the IPPF and the CIA examination are translated into more than 20 different languages. In this Track, you will learn the Standards, the Tools and Techniques to apply the Standards via practical case study examples, and leave better prepared for a great internal auditing career in just about any country in the world.
The Internal Audit Track, which includes Introduction to Internal Auditing, Advanced Internal Auditing, Information Systems Security, Audit and Control; Fraud/Forensics Auditing; and Enterprise Risk Management (ERM) courses; among others, will help you sharpen the skills necessary for a career in internal auditing.
The Internal Audit Track will help you develop the following key competencies for internal auditors:
- Interpersonal Skills, such as critical thinking and analysis skills.
- Auditing Tools and Techniques, such as business process analysis, risk and control assessment techniques, and how to use computer assisted audit techniques.
- Internal Audit Standards, such as the theory and methodology, Code of Ethics, Attribute Standards and Performance Standards.
- Knowledge Areas, such as risk management, internal controls, business processes, ethics, fraud, information technology, governance, financial and managerial accounting.
If you want a career that will enable you to help organizations achieve their objectives via business process improvements, consider the Internal Audit Track. If you love making a real difference, you will find internal auditing highly satisfying.