COLLEGE OF BUSINESS Curriculum Committee April 5, 2005 2:00 p.m. 2004-05 #12 Present W. Tallon (chair), G. Carnes (for D. Sinason), D. Docking, S. Marsh, C. DeMoranville, G. Aase, A. Farraj, L. Suwalski, L. Marcellus, M. Salmon Guests S. Wakefield and B. Mackie Action on Minutes Minutes from the Eleventh Meeting, dated March 22, 2005, were approved as presented. ACCY Items The catalog copy submitted by Accountancy describing the Institute of Internal Auditors’ Certificate was approved by the committee as amended. (See page 1 of 1) Accountancy presented a new course proposal for ACCY *465, Forensic Accounting/ Fraud Examination. Further discussion will continue at the next meeting. Assessment Sally Wakefield reviewed the 2004 College of Business Assessment Report with members. Brian Mackie shared with the committee a means to implement a direct assessment instrument to measure students’ technological expertise, which would include a training module for self-improvement in areas needing skills reinforcement. Wakefield brought to the committee’s attention that, by 2007 as part of our accreditation maintenance review, AACSB will expect a complete Assurance of Learning process be in place, including feedback on how assessment data have been incorporated into the curricular review/improvement process. NIU Grading System The committee continued its discussion regarding input requested by the Admissions Policies and Academic Standards Committee. APASC is seeking feedback on suggested options for change in the grading system. A response from the committee is due by April 15. Personal Response System It was reported the college plans to test a Personal Response System in a summer class. Adjournment The meeting adjourned at 3:30 p.m. Next Meeting The next meeting is scheduled for Tuesday, April 19, 2005, at 2:00 p.m. Minutes approved: April 19, 2005 ________________________________________ Diane Docking, Assistant Faculty Chair/Secretary DD:cw Copies to: Vice Provost; Undergraduate Curriculum Committee; Director of Admissions; Graduate Council Curriculum Committee; University Publications; Community College Relations; University Archives; College Curriculum Committees; Student Association; Registration/Scheduling; College of Business Faculty COLLEGE OF BUSINESS Curriculum Committee April 5, 2005 Page 1 of 1 2004-2005 #12 Department of Accountancy Other catalog change: Page 70, 2004-2005 Undergraduate Catalog Professional Examination Preparation ↓ The Institute of Internal Auditors (IIA) has approved NIU as a participant in IIA’s Endorsed Internal Auditing Program. To receive an IIA certificate of completion, a student must have either a B.S. in accountancy from NIU or an M.A.S. degree and from NIU. As part of the certificate requirements students must complete ACCY 360, ACCY 462, an approved accountancy business elective, and an academic internship (ACCY 473) in an internal audit position. A student completing the internal audit course work will have “Completion of internal audit course work as endorsed by the Institute of Internal Auditors” on their the official NIU transcript. Rationale: 1) Change from accountancy to business elective: The realm of the internal auditor has expanded to include a broader business base. This is reflected in the Certified Internal Auditor (CIA) exam including additional coverage in technology and management. Therefore, students will be allowed to meet the requirements for the certificate by taking approved courses in OMIS or management. 2) Editorial changes to ensure clarity in requirements and removal of redundant course requirements. Clarification that the certificate requires an NIU degree. Other catalog change: Page 58, 2005-2006 Graduate Catalog Master of Accounting Science ↓ In addition to the College of Business standards listed above …. Candidates may also be asked by the department graduate adviser to complete an interview either in person or by phone. The Institute of Internal Auditors (IIA) has approved NIU as a participant in IIA’s Endorsed Internal Auditing Program. To receive an IIA certificate of completion, a student must have either a B.S. in accountancy from NIU or an M.A.S. degree from NIU. As part of the certificate requirements students must complete ACCY 462, an approved business elective, and an academic internship (ACCY 473 or ACCY 673) in an internal audit position. A student completing the internal audit course work will have “Completion of internal audit course work as endorsed by the Institute of Internal Auditors” on the official NIU transcript. Phase One ↓ Rationale: IIA certificate can be achieved by students working on their Master of Accounting Science.