Chair - Prof. T. Flemming Ruud, PhD Welcome to the Chair of Internal Control / Internal Audit at the University of St.Gallen (HSG). The main emphasis of our work is on Internal Control / Internal Audit including the research areas Governance, Risk Management and External Audit. In this respect we are studying the field of Internal Audit and illustrate its importance. In the areas of Internal Control and Risk Management we are researching both, fundamental problems and the practical embodiment of these systems. Furthermore, our research activities particularly focus on the interactions of the above mentioned research areas in view of their contribution to an effective governance system. As part of the executive education at the University of St.Gallen, we offer the Internal Auditing Programme. We teach you a wide variety and up to date knowledge in the field of internal audit and the related topics Governance, Risk Management and Internal Control. The programme prepares you for the Certified Internal Auditor® (CIA®) examination. A strong advantage of this course is that theoretical foundations are enriched with concrete examples and experiences from the practice.