Internal Audit Program
To create Knowledge, Skills & Abilities
Center of Financial Studies &
Laboratory for Investment Applications
Faculty of Economics
University of Athens
In cooperation with:
Under the aegis of:
Participating Bodies
The Center of Financial Studies (ΚΕΜΕΧ)
and the Laboratory for Investment
Applications (EPEFA) operate at the
Faculty of Economics, Department of
Business and Finance of the National
and Kapodistrian University of Athens.
They possess a vast experience on both
applied educational and research activities
and advisory services to companies and
organizations, both in Greece and abroad.
EY Greece is a leading professional
services organization which incorporates
exceptional experience on internal audit,
as well as on relevant educational and
training issues. Hellenic Association of
Certified Fraud Examiners (HACFE), the
respective world representative body in
Greece, aims at restricting fraud and fraud
incidence, supporting its members with
detection, investigation and prevention of
such events, and training in cooperation
with established professional and training
bodies. ISACA Athens Chapter engages
in promoting educational activities related
to auditing and/or other related tasks in
the field of information systems audit and
control. Finally, SAS Institute is the world
leader in business analytics software and
services, and the largest independent
vendor in the business intelligence market.
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Internal Audit Program
Internal Audit Program
Why choose Internal Audit
Eligible participants
An internal auditor:
• Is at the heart of business
• Understands and actively
participates in improving the
company’s operations and
processes
• Safeguards the company assets
• Identifies and assesses company
risks
• Safeguards the company
business plan
• Works with senior management
• Has positive career prospects.
• University graduates
• Executives in companies and
organizations
Instructors
The Program instructors are
professors, experienced internal
audit executives, distinguished
lecturers and personalities from
the academic and professional
world.
Educational method
An integrated educational process
forms the essential component of
the Program, including:
• Teaching, presentation of
examples, exercises and case
studies,
•  Laboratory applications and
videos,
• Intermediate and final
examinations,
• On-the-job-practice and writing
of a research thesis
• Notes, electronic material and
library.
Objectives of the Program
• To provide postgraduate
education to business executives
and interested students in
internal audit
• To cover both the theoretical
foundations as well as the
applied issues on internal audit
• To provide each participant with
the principles, the methodology
and the tools for modern and
effective internal audit
• To achieve upgrading of
knowledge and skills for each
participant, preparing her / him
for higher responsibilities and
career opportunities.
Internal Audit Program
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Why choose this Program
The Program forms a unique opportunity for the participants providing
them with the knowledge, skills, techniques and practical experience,
applicable to daily work and business activity, with special methodology
and modern educational tools. More specifically, it:
• Provides participants with a comprehensive knowledge of internal
audit
• Enriches each participant’s experience with up-to-date techniques and
methodology
• Identifies and analyses needs based on the participants’ business
activities
• Has strong connections with the business world (teaching staff, case
studies, two-month on-the-job-practice, career days)
• Is run under the Association of Certified Fraud Examiners Educational
Partner Scheme
• Is endorsed by the Institute for Internal Controls (IIC) and provides
the CICA certification
• Provides substantial knowledge to the participants aiming at
professional certifications (CIA, CFE, CISA etc)
• Offers grants and awards of excellence to participants
• Is implemented by an excellent and experienced staff of instructors
who combine long teaching, training and working experience
• Is implemented in the English language
• Following successful completion, offers a Certificate in Internal Audit,
under the auspices of world-recognized institutions and companies.
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Internal Audit Program
Program Support
Program support includes:
• The Program Scientific Committee, the supreme
body of the Program composed of representatives
of all cooperating bodies
• The Scientific Coordinator, dealing with the
management of the Program, whom all participants
can meet for all program issues
• The Rule Book, containing the structure, the parts
and contents of the Program, as well as all relevant
rules and acts on the implementation of the
Program
• Secretarial support throughout the Program’s
implementation.
Internal Audit Program
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Program Planning
The Program covers four
semesters, providing to each
student 10 courses in total, a
two-month on-the-job-practice,
secured by the Program if
necessary, and the writing of a
research thesis. Each of the first
two semesters contains three
compulsory courses (thus three
teaching days per week). The
third and the fourth semesters
include, each, two courses
(thus two teaching days per
week). The courses of the fourth
semester are electives, in order
to provide to participants the
specialization they desire (e.g.
fraud, IT audit, financial audit).
In addition, the Program offers a
preparatory week in accounting.
a. Structure and sequence
of courses
1st Semester
1. Quantitative Methods
2. Managerial Economics and Financial Management
3. Internal Control Systems
2nd Semester
4. Internal Audit Practice
5. Fraud Examination Practice
6. Risk Management
3rd Semester
b. On-the-Job-practice
A two-month on-the-job-practice
inside the internal audit division
of a company is foreseen,
secured by the Program if
necessary. It is to be conducted
during the fourth semester.
c. Research Thesis
Undertaken by one (7,000
words), two (10,000 words),
three or four participants
(15,000 words), the research
thesis is supervised by an
academic advisor and marked as
pass or fail. It is to be submitted
by the end of the fourth
semester.
7. Information Systems Audit
8. Corporate Governance and Regulatory Framework
4rd Semester: Elective
Courses*
9. Advanced Information Systems Audit Skills
10. Forensic Computing Investigations and Electronic Evidence
11. Specialized Internal Audit Practices
12. Fraud Prevention and Analytics
13. Corporate Responsibility and Internal Control
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Internal Audit Program
*: Two courses are selected by each
participant. A minimum number
of 8 participants is required for an
elective course to be implemented.
Other useful information
a. Start date: February 17, 2014
f. Application for admission
b. Duration: February 2014 - January 2016
c. Implementation: Weekdays, 17:30 20:30
d. Location: Center of Athens
g. Cancellation of participation
e. Tuition fee: €6,300 (payment options
and funding by LAEK-OAED are
available)
Notes:
• Payment structure: Downpayment of €900 upon
acceptance of admittance to the Program and
subsequently four installments of €1,350 each, in
February 2014, September 2014, February 2015
and September 2015.
• 10% discount in case that a company provides
three or more participants. In such a case, the
downpayment remains as before at €900, but the
installments are adjusted accordingly to reflect the
reduction (€1,192.5 each).
• 15% discount in case the entire tuition fee is
deposited at the beginning of the Program (thus
€5,355).
The application form completed, accompanied by a
curriculum vitae (max 2 pages) and a photo, should be
sent to the Secretariat only by email (internalaudit@
econ.uoa.gr), by December 15, 2013. The selection
process comprises application review and an interview
with the candidate, to be held in January 2014.
Cancellation of participation requires written
notification sent to the Secretariat, at least two weeks
before the start of the Program. In case of non-timely
cancellation, the applicant forfeits the downpayment.
In case a participant drops out of the Program on her/
his responsibility, she/he is liable to 100% of the tuition
fee.
h. More Information
For more information visit the Program’s website
(www.ia.econ.uoa.gr) or contact the Program’s
Scientific Coordinator, Professor Panayotis Alexakis
(Department of Economics, University of Athens, 5
Stadiou St., Room 208, tel. +30 210 3689437, Email:
paleks@econ.uoa.gr).
Internal Audit Program
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Internal Audit Program
www.ia.econ.uoa.gr
internalaudit@econ.uoa.gr
Center of Financial Studies
Department of Business and Finance
Faculty of Economics
University of Athens
5 Stadiou St., 2nd floor
105 62, Athens, Greece
Tel. +30 210 3689437
E-mail: paleks@econ.uoa.gr
Laboratory for Investment Applications
Department of Business and Finance
Faculty of Economics
University of Athens
5 Stadiou St., 2nd floor
105 62, Athens, Greece
Tel. +30 210 3689390
E-mail: kmakri@econ.uoa.gr