Base Knowledge
Not applicable
Teaching Methodologies
Mixed method: exposition and resolution of exercises and discussion of cases in the area
Learning Results
Provide master’s students with the essential knowledge for the implementation and evaluation of the internal control system, as a means to achieve the objectives established by any type of organization, either in terms of an internal function to assist management as well as in the aspect of the work to be carried out by the auditor.
In the end, students will be able to use the methodologies, tools and procedures suitable for creating the SCI for any type of organization, as well as those suitable for its evaluation.
Program
1 – Introduction to the study of Internal Control
1.1. Concept
1.2. objective
1.3. Evolution
1.4. Interpretation of the definition of internal control, by:
-Internal Auditors
– External Auditors
– Administration / Direction
– Other third parties
1.5. Errors, frauds and irregularities
1.6. types of control
2 – Limitations of Internal Control
3 – Internal Control Model, according to COSO’s ICIF- Internal Control:Integrated Framework
3.1. – The internal control environment
3.2. – Risk assessment
3.3 – Control activities
3.4 – Information and communication
3.5. – Supervision
4 – The integrated management of internal control and risks – ERM- Enterprise Risk Management, from COSO
5 – Application to P.M.E.
5.1. – General objectives and procedures of internal control
5.2. – Specific and detailed internal control procedures and application to different operational areas
6 – Internal Control in the Public Sector
7 – Information to third parties about Internal Control
Curricular Unit Teachers
Internship(s)
NAO
Bibliography
Principal:
COSO (2017), ERM Framework Update –Enterprise Risk Management – Integrated Framework; 2017
Committee of Sponsoring Organizations of the Treadway Commission (COSO); Internal Control- Integrated Framework; 2013
MORAIS, Georgina e MARTINS Isabel; Auditoria Interna- Função e Processo; Editora Áreas; 4 ª edição 2013
COSO et al, (2023); ACHIEVING EFFECTIVE INTERNAL CONTROL OVER SUSTAINABILITY REPORTING (ICSR): Building Trust and Confidence through the COSO Internal Control—Integrated Framework
Aviso 3 /2020 do Banco de Portugal
Sites a consultar: www.coso.org; www.theiia.org; wwwtheiic.org; www.ipai.pt; www.ipcg.pt
Additional:
Coopers & Lybrand e I.A.I. Espãna; Los Nuevos Conceptos Del Control Interno (Informe COSO); Editora Diaz de Santos; 1997
Committee of Sponsoring Organizations of the Treadway Commission (COSO); Internal Control over Financial Reporting — Guidance for Smaller Public Companies,2006
Committee of Sponsoring Organizations of the Treadway Commission (COSO); Guidance on Monitoring Internal Control Systems, 2008
NPF, Guia Prático Implementação de um sistema de controlo interno Administração Pública, NPF; 2004
ROTH, James, ; Control Model Implementation: Best Practices; I.I.A. Research Foundation ; 1997
ROOT, Steven J.; Beyond COSO: Internal control to enhance Corporate Governance; J. Wiley & Sons; 1998
ROEHL-ANDERSON, Janice M. e BREGG, Steven M.; Manual del Controller; Ediciones Deusto; 1996
ALMEIDA, Bruno, Manual de auditoria Financeira, Escolar Editora, 2022
ISO, ISO 37001:2016 – CERTIFICAÇÃO DO SISTEMA DE GESTÃO ANTICORRUPÇÃO
ISO, ISO 37301:2021-Compliance management systems — Requirements with guidance for use
IIA, (2017) e INSTITUTO PORTUGUÊS DE AUDITORIA INTERNA-; Enquadramento Internacional das Práticas Profissionais de auditoria Interna; IPAI; 2013
Lei de SOA sec.302 e 404, publicação do IIA; IPCG, Código Governo das Sociedades
CMVM, Recomendações da CMVM sobre o Governo das Sociedades Cotadas
REVISTAS: Auditing; Internal Auditor; Internal auditing; Corporate controller e outras da área.
Sites a consultar: www.aicpa.org; www.ifaci.com; www. isaca.org; www.iai.es; www.cica.ca; www,cmvm.pt