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Risk and Financial Advisory, Master of Science

Department of Accountancy


The Master of Science (MS) in Risk and Financial Advisory prepares students who have career interests in internal audit, information technology audit, and business consulting and advisory. Risk and Financial Advisory professionals assist their clients in managing strategic, financial, operational, technological, compliance, and reputational risk to maximize their stakeholder value. The curriculum develops students from a multi-disciplinary approach to provide assurance and insight to organizations on meeting their mission statement, business objectives, and strategies.

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The Institute of Internal Auditors defines internal auditing as “an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.”

The internal audit program is endorsed and recognized by the Institute of Internal Auditors (IIA) as a Comprehensive Level program through its Internal Audit Educational Partnership (IAEP). St. John’s is the only University in the tri-state area with this recognition.

The program works closely with the New York Chapter of the Institute of Internal Auditors (NYIIA) and has an Advisory Board made up of 35 high level audit executives from Fortune 500 companies and Advisory firms.


The Master of Science in Risk and Financial Advisory is a 30-credit program:

I. Required Professional Curriculum (9 Credits)


AIS 628 Internal Auditing


AIS 624 Information Technology Auditing


AIS 660 Fraud Examination I

II. Required Practical/Experiential Learning Course (Select 1 course (3 Credits))


AIS 685 Advanced Internal Auditing


ACC 605 Internship in Advisory, Assurance, and Attest Services

III. Electives (Select 5 Courses (15 Credits))


AIS 661 Fraud Examination II


AIS 664 Accounting Information: Cyber-Security I


AIS 665 Accounting Information: Cyber Security II


AIS 667 Accounting Information: Enterprise Resource Planning


AIS 668 Accounting Information: Analytics and Forensics


AIS 684 Sustainability Reporting Attestation


ERM 601 Foundations of Enterprise Risk Management I


ERM 602 Operational Risk Management


ERM 603 Culture, Leadership, and Governance Risk


ERM 705 Strategic Risk Analysis and Tools


IV. Required Capstone Course (3 Credits)

AIS 625 Accounting Ethics and Professionalism


Application Requirements
All applicants must possess a baccalaureate degree from an accredited institution or the international equivalent prior to enrollment at the graduate level. In addition to the application form and non-refundable application fee candidates should submit the following:

  • Statement of professional goals and resume which can be uploaded as part of the  application for admission
  • Official transcripts from all undergraduate, graduate and professional schools attended. International Applicants to programs in Accounting and Taxation must have a Graduate Admissions evaluation completed by AEQUO.
  • Official GMAT or GRE scores, taken within the last five years*
  • Two letters of recommendation, obtained from professional or academic references
  • Official TOEFL or IELTS scores are required for applicants whose native language is not English

*MS applicants may be eligible for a GMAT/GRE waiver with a cumulative 3.25 GPA or higher.  To be considered for the waiver, please submit the online application, all transcripts, and resume. International Students should also submit the foreign credit evaluation and TOEFL/IELTS scores.  Once complete, please email [email protected] to request waiver consideration.


For additional information on the Master of Science (MS) in Risk and Financial Advisory, please contact the faculty program director:

St. John's University crest on the top of the gate

David Y. Chan

Associate Professor, Department of Accountancy

Tobin 409
[email protected]


The admission requirements to the M.S. in Risk and Financial Advisory permit you to substitute the results of that uniform CPA Examination in lieu of the GMAT, if you have successfully completed that examination or an equivalent examination,.  For Licensed CPAs, the advisory and assurance courses taken during your studies will fulfill your continuing professional education (CPE) requirements while you earn your graduate degree. If you have an undergraduate degree in accounting, you can use the degree to meet the 150-hour requirement for CPA licensing in New York State.