Internal control 2600-DSFRdz/w3rogKW

Student should understanding the concepts, methods and standards of internal control and audit and indicating the possibility of their application in the practice of managing modern organizations; understand how the internal control and corporate governance system operates;
Skills: learn about certain methods and techniques used in carrying out audit tasks.
.
1. Internal control: basic concepts, types, legal regulations
2. Internal control and accounting information system
3. Construction of internal control system
4. Internal control: models including COSO.
5. Risk and its analysis in the internal control system
6. Financial and accounting control – selected areas, methods and techniques of control
• Data processing area – general issues
• Area of settlements
• Sales area
• Area of fixed asset and intangible asset and intangible assets
• Area of wage handling and settlement with employees
• Area of cash management
7. Internal control and corporate supervision: substance, types and methods.
8. Internal control and internal audit Internal control and auditing of financial statements

Total hours – student workload (3 ECTS – 90 hours)
Classes (including pass and exam) – 30 hours
Reading literature for classes – 30 hours
Elaboration of written works and case studies – 20 hours
Preparation for passing / exam – 10 hours

Term 2025Z:

1. Internal control system:
● concept, objective, and tasks of internal control
● subject, scope, and stages of the control process and its organization
● methods, techniques, and procedures of internal control
● internal control versus risk and uncertainty in business activity
● control findings and post-control proceedings
● internal control as an instrument supporting management.

2. The functioning of internal control and the quality of accounting books and financial statements:
● relationship between internal control and accounting
● control functions of accounting and financial reporting
● elements and instruments of internal control ensuring the reliability of accounting books and financial reporting
● documentation of transactions in accounting
● significance and procedures of inventory-taking
● internal control in an IT environment.

3. Utilization of internal control systems by entrepreneurs.
4. Compliance, efficiency, and system security tests.
5. Assessment of internal control system elements.
6. Communication within the scope of internal control.

Type of course

obligatory courses

Mode

Classroom

Learning outcomes

In terms of knowledge:
• Knows and understands to an advanced degree the terminology regarding internal control in business organizations (S1_W01)
• Knows and understands to an advanced degree the principles, procedures, and practices relating to internal control in business organizations (S1_W02)
• Knows and understands to an advanced degree technological, social, political, legal, economic, and ecological processes and phenomena, and their impact on internal control in business organizations (S1_W05)

In terms of skills:
• Is able to use internal control theory to identify, diagnose, and solve problems related to the functioning of business organizations (S1_U01)
• Is able to correctly interpret technological, social, political, legal, economic, and ecological processes and phenomena and their impact on the internal control system in business organizations (S1_U02)
• Is able to independently and collaboratively prepare analyses, diagnoses, and reports concerning internal control in business organizations and present them communicatively, also in English – utilizing information and communication tools (S1_U03)
• Is able to plan and organize own and team work (S1_U04)
• Possesses the capacity for self-education and enhancing acquired qualifications (S1_U05)

In terms of attitudes:
• Is ready to evaluate and take a critical approach to situations and phenomena related to internal control in business organizations (S1_K01)
• Is ready to adhere to professional ethical standards in the context of internal control in business organizations (S1_K02)

Assessment criteria

Learning outcomes will be verified on an ongoing basis through tasks (including individual tasks, group tasks, case studies, tests, quizzes, participation in discussions, and preparation of presentations) completed by participants during the seminar. Based on the points earned for individual activities and completed assignments, a final grade will be issued in accordance with the scale provided at the beginning of the course.

Bibliography

Kontrola zarządcza : aspekty teoretyczne i praktyczne / Artur Piaszczyk Wydawnictwo Uniwersytetu Jana Kochanowskiego, 2020
Red K. Winiarska Kontrola Wewnętrzna w jednostkach gospodarczy PWE Warszawa
Red K. Winiarska Audyt wewnętrzny : teoria i zastosowanie Difin 2019 Warszawa
Ustawa o rachunkowości. (tekst jednolity – Dz. U. Nr 2021 r., poz.217 z późniejszymi zmianami)
KOMUNIKAT Nr 23 MINISTRA FINANSÓW z dnia 16 grudnia 2009 r. w sprawie standardów kontroli zarządczej dla sektora finansów publicznych
KOMUNIKAT Nr 6 MINISTRA FINANSÓW z dnia 6 grudnia 2012 r. w sprawie szczegółowych wytycznych dla sektora finansów publicznych w zakresie planowania i zarządzania ryzykiem
Guidelines for Internal Control Standards for the Public Sector INTOSAI

Term 2025Z:

1. A. Piaszczyk, Kontrola zarządcza: aspekty teoretyczne i praktyczne, Wydawnictwo Uniwersytetu Jana Kochanowskiego, 2020
2. K. Winiarska (ed.), Kontrola Wewnętrzna w jednostkach gospodarczych, PWE, Warszawa, 2019
3. K. Winiarska (ed.), Audyt wewnętrzny: teoria i zastosowanie, Difin, Warszawa, 2019
4. Accounting Act (Ustawa o rachunkowości – consolidated text: Journal of Laws of 2021, item 217, as amended)
5. Communiqué No. 23 of the Minister of Finance of December 16, 2009, on managerial control standards for the public finance sector
6. Communiqué No. 6 of the Minister of Finance of December 6, 2012, on detailed guidelines for the public finance sector regarding risk planning and management
7. Guidelines for Internal Control Standards for the Public Sector, INTOSAI