Internal control 2600-DSFRz3pfpKW

1. The essence of internal control
a) The concept of internal control
b) Internal control as a process
c) Internal control vs. controlling
d) Internal control vs. management control
2. Role and basic principles of internal control
3. Components of the internal control system according to the COSO model
a) Control environment
b) Risk assessment
c) Control activities – procedures
d) Information and communication
e) Monitoring
4. Internal control vs. Enterprise Risk Management
5. Internal control vs. corporate governance
6. Selected tools of internal control
7. IT controls
8. Internal control vs. internal audit – relationship between internal audit and internal control

Term 2025L:

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

Basic bibliography:
Kontrola wewnętrzna – zintegrowana struktura ramowa. COSO I, Committee of Sponsoring Organizations of the Treadway Commission, Polski Instytut Kontroli Wewnętrznej, Warszawa 2008.
Supplementary bibliography:
Zarządzanie ryzykiem korporacyjnym – zintegrowana struktura ramowa. COSO II, Committee of Sponsoring Organizations of the Treadway Commission, Polski Instytut Kontroli Wewnętrznej, Warszawa 2007.

Term 2025L:

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