Credit points: 15

Subject outline

Governance and Risk Management is designed to improve an organisations operations and outcomes that add value to a business. In this subject students will explore the associated activities of internal auditing and investigate how internal auditing helps evaluate and improve the effectiveness of governance, internal controls, and risk management processes that for instance assist the business entity in preventing fraud. In this unit the concept of governance and risk management is taken beyond the act of compliance with regulatory mandates.

FacultyFaculty of Business, Economics and Law

Credit points15

Subject Co-ordinatorJulie Margret

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ACC1IFA or ACC1AIS


Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Learning resources


Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsInternal Auditing: Assurance and Consulting ServicesPrescribedReding, K., Sobel, P., Anderson, U., Head, M., Ramaoorti, S., Salamasick, M., Riddle, C.2ND EDN, THE INSTITUTE OF INTERNAL AUDITORS RESEARCH FOUNDATION, 2009

Subject options

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Start date between: and    Key dates

Melbourne, 2014, Semester 2, Day


Online enrolmentYes

Maximum enrolment size200

Enrolment information

Subject Instance Co-ordinatorJulie Margret

Class requirements

Lecture/Seminar Week: 31 - 43
One 3.0 hours lecture/seminar other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.


Assessment elementComments%
one 3-hour final examination70