Institute of Internal Auditors awards $100,000 grant to KSU's School of Accountancy


Funds will enhance, expand Coles College of Business’ internal audit program KENNESAW, Ga. (…

Georgia (Feb 2, 2011)Funds will enhance, expand Coles College of Business’ internal audit program

KENNESAW, Ga. (Feb. 2, 2011) –– The Institute of Internal Auditors (IIA) has awarded $100,000 in grants to Kennesaw State University's School of Accountancy for its internal audit education program.

The School of Accountancy at the Coles College of Business, which houses the Internal Audit Center, will receive a $50,000 grant from the IIA’s Internal Auditing Academic Advancement Fund and an additional $50,000 grant from the IIA’s Atlanta Chapter.

The funding will help KSU expand its internal audit education program through curriculum development, positions for graduate teaching assistants, faculty development and knowledge sharing.

“We are pleased that the Institute of Internal Auditors has awarded funding to further expand and enhance internal auditing education initiatives at Kennesaw State,” said Kathryn Epps, director of the School of Accountancy. “The field of internal auditing provides excellent career opportunities to students in the School of Accountancy, and our internal auditing curriculum and other initiatives will be greatly enhanced by the IIA’s investment.”

Paul McClung, president of the IIA’s Atlanta Chapter, which matched the IIA’s Internal Auditing Academic Advancement Fund, said there was strong support among the local board to approve the matching grant. “These funds will be used to further build the internal audit education program at Kennesaw State,” he said. “We believe this will be a great way to directly impact the future of our profession right here in our own community.”

KSU has quickly gained recognition as a leader in the field of internal auditing, which refers to a systematic approach that firms and organizations use to evaluate and improve operations, governance and risk management.

The Coles College of Business established the Internal Audit Center in 2008, one year after it started offering internal audit courses. The IIA Atlanta Chapter played a key role in launching the center and has worked closely with the School of Accountancy in developing the internal audit curriculum. KSU students who have taken internal audit courses have earned internships at UPS, SunTrust, Coca-Cola, Southern Company and other Atlanta companies.

Richard Clune, director of the Internal Audit Center, said the internal audit curriculum will continue to be developed with input from executives in charge of internal audit functions at leading companies and organizations, as well as partners from accounting and consulting firms.

“By matching our world-class internal audit faculty with world-class internal audit leaders and then listening to these practitioners, we will incorporate their ideas into our courses,” Clune said. “We are truly fortunate to have the financial support from the IIA and the Atlanta Chapter.”

The grants will also help KSU offer internal audit courses in its Master of Accounting program, allowing graduate students to earn an internal audit certificate that will be recognized by the internal audit profession in metro Atlanta and beyond. 

Epps added: “The Atlanta area has significant demand for internal auditors because so many companies are located here. We see a high level of unmet demand in internal auditing, and the IIA grants will help us increase our course offerings and make them available to more students.”


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Kennesaw State University is the third largest university in Georgia, offering more than 70 graduate and undergraduate degrees, including doctorates in education, business and nursing and a new Ph.D. in international conflict management. A member of the 35-unit University System of Georgia, Kennesaw State is a comprehensive, residential institution with a growing student population of more than 23,400 from 142 countries.

Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association with global headquarters in Altamonte Springs, Fla., The IIA is the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator. Members work in internal auditing, risk management, governance, internal control, information technology audit, education, and security.



A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its nearly 43,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit