Аудит

Бакалавриат 2022/2023

Статус: Курс обязательный (Международная программа по экономике и финансам)

Направление: 38.03.01. Экономика

Кто читает: Международный институт экономики и финансов

Где читается: Международный институт экономики и финансов

Когда читается: 4-й курс, 1-4 модуль

Формат изучения: с онлайн-курсом

Онлайн-часы: 64

Охват аудитории: для своего кампуса

Преподаватели: Шурчкова Татьяна Сергеевна

Язык: английский

Кредиты: 10

Контактные часы: 112

Full Syllabus

Abstract

This course introduces students to the principles of external auditing and other assurance services. Both theoretical and practical aspects of the audit process will be considered including recent developments in the organisation of the profession, the regulatory framework governing practitioners and factors affecting the future evolution of the practice of auditing and other assurance services. Basic prerequisite for the students: AC 1025 Principles of Accounting

Learning Objectives

to introduce students to the principles of external auditing and other assurance services
to provide students with an understanding of the nature of the function of auditing and other assurance services and the principles of the related processes
Learning Outcomes By the end of the course and having completed the Essential reading and activities, students should be able to: • explain why external audits and other types of assurance services are conducted • explain the meaning of concepts that are fundamental to auditing and assurance services, such as ‘independence’, ‘audit evidence’, ‘audit risk’, ‘materiality’ • describe, in general terms, the processes involved in auditing and other assurance services • distinguish between compliance and substantive testing and describe various audit tests • discuss the form, content and importance of auditors’ reports provided at the end of the audit or assurance service • discuss the duties of auditors and other assurance providers, how these have changed over time • discuss the issue of legal liability arising from audits and other assurance services • discuss current developments in auditing and other assurance services.

Expected Learning Outcomes

describe, in general terms, the processes involved in auditing and other assurance services
discuss current developments in auditing and other assurance services
discuss the duties of auditors and other assurance providers, how these have changed over time
discuss the form, content and importance of auditors’ reports provided at the end of the audit or assurance service
discuss the issue of legal liability arising from audits and other assurance services
distinguish between compliance and substantive testing and describe various audit tests
explain the meaning of concepts that are fundamental to auditing and assurance services, such as ‘independence’, ‘audit evidence’, ‘audit risk’, ‘materiality’
explain why external audits and other types of assurance services are conducted

Course Contents

1. Reasons for auditing
2. Postulates and concepts of auditing
3. Audit reporting. Assurance engagements
4. Audit evidence
5. Audit planning
6. Risk and materiality
7. Internal controls
8. Compliance testing
9. Internal audit
10.Fraud and going concern
11.Substantive testing: income statement and financial position
12.Sampling
13.Computer assisted audit tecniques
14.Completion and review
15.Corporate governance
16.Audit committees, corporate responsibility
17.Audit regulation and auditors’ liability
18.Auditors’ duties and responsibilities
19.Audit engagements: staffing, documentation, quality control
20.Criticism and developments in audit, audit society, future of audit

Assessment Elements

Home Assignments
• Home assignments will be given every week or two; can be in the form of a case study, an essay question, an article analysis, an investigation, a presentation etc.
Interim test
• Interim test: at the end of the 1st Module (end of October) –1 case study and 1 essay question. Students should attempt to answer all the questions.
Interim exam
• Interim exam: at the end of the 2nd Module (end of December) –2 case studies and 1 essay question. Students should attempt to answer all the questions.
Final exam
• Final exam (mid of April) is in the format similar to the LSE exam: Section A – case studies, Section B – essay questions. There is a choice of questions in each section.
Classwork
• Classwork – regular participation in discussions during seminars, not simply attendance.

Interim Assessment

2022/2023 2nd module
0.075 * Classwork + 0.45 * Interim exam + 0.2 * Interim test + 0.1 * Home Assignments
2022/2023 4th module
no separate calculation for 4 module

Bibliography

Recommended Core Bibliography

Principles of external auditing, Porter, B., 2014
The audit process : principles, practice and cases, Gray, I., 2015

Recommended Additional Bibliography

Turley, S., & Sherer, M. (1997). Current Issues in Auditing : SAGE Publications (Vol. Third edition). London: SAGE Publications Ltd. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=716896

Course Syllabus