Business-student partnership: Linking accounting information systems, internal control, and auditing

The American Institute of Certified Public Accounts (AICPA) and the American Assembly of Collegiate Schools of Business (AACSB) encourage experiential learning as a component of accounting and business curriculum. This chapter introduces a business partnership framework for experiential learning in accounting information systems, internal control, and auditing courses. Accounting students establish a partnership with a business client at the beginning of their accounting information systems and internal control study and continue the learning approach through the first auditing course. The framework brings real-world experience to accounting information systems, internal control, and auditing concepts. Accounting students learn to solve unstructured problems in complex realistic business settings, integrating technical and experienced-based knowledge. The project provides a structure for strengthening students’ personal competencies including developing successful team behavior and professional skills. The author has used the business-partnership model effectively for 15 years.