The Auditing course aims to introduce the students to the theoretical and
practical notions of auditing and develop their understanding of the role and
competencies of an external assurance provider. It has
two basic objectives: to ground students in the basic assurance concepts, approaches,
procedures and relevant legislation; and to develop in them the skills and
attitudes necessary to either succeed in the auditing profession or understand
how to deal with auditors in other business roles.
We will cover the role of auditing and assurance, their building blocks. The fundamental concepts of the audit process: significance, audit risk and audit evidence. Planning of the audit work, analysis, and evaluation of the internal control system. Internal auditing function. Audit report. The use of data analytics.
This course will use a combination of lectures, scientific articles, case discussions, professional expert presentations and online reading to study auditing. Class participation and active discussion are both expected and encouraged to apply theoretical concepts to realistic business-related situations.