Auditing II

Teaching results

Teaching results:
Learning outcomes
The aim of the course Auditing 2 is to follow up on the course Auditing 1 and to teach students to understand the requirements of international auditing standards and other binding documents related to auditing activities. Students will learn to apply the requirements in question in practical applications in relation to the activities that the auditor performs in order to express an appropriate opinion on the financial statements.
Knowledge
The subject will gain knowledge of the procedures aimed at obtaining audit evidence, evaluating their relevance and quality. The graduate will gain knowledge of the content of the independent auditor‘s report in the case of an unmodified auditor‘s opinion and at the same time in the case of a modified auditor‘s opinion. Graduates of the course are able to evaluate situations that cause a modification of the auditor‘s opinion on the financial statements and, based on other factors, select the appropriate type of modification of the auditor‘s opinion on the financial statements. Last but not least, the graduate is able to independently compile a selected part of the audit documentation.
Competences
In connection with the competencies acquired by completing the course Auditing 1, the student will expand and deepen the ability to solve various situations within the practical activities of the statutory auditor. By understanding the purpose and content of the statutory auditor‘s specific procedures in accordance with international auditing standards, the student will gain the ability to understand the process of planning individual audit procedures, analysis and evaluation of their results.
Skills
By completing the course, students will acquire skills that will enable them to proceed to audit examinations and apply themselves in practice as independent auditors or in audit companies in the positions of auditor. After completing the course Audit 2, students will be able to perform audit procedures comprehensively, at the same time they will be able to evaluate and address the context that arises from auditing activities and have knowledge of most of the requirements for the audit profession and activities.