RCA – Risk, Controls and Audit – 3803 (2026 JULY)

This course provides knowledge and skills in governance, risk management, internal control, business processes, audit processes, and enterprise risk management. It covers Sri Lanka Auditing Standards, sustainability, digital auditing, and emphasizes ethics and quality in financial audits, preparing students to uphold high standards of integrity and professionalism. Units 01. Governance Framework 02. Business Processes in Business Organizations 03. Risk Management Framework and Internal Control System 04. Assurance Engagements and Related Services 05. Risk Assessment, Audit process and Audit Reporting 06. Fundamentals of Enterprise Risk Management (ERM) 07. Fundamentals of Internal Audit 08. Ethical Requirements and Quality Requirements of an Audit of Financial Statements