Auditing II
- Credits: 4
- Ending: Examination
- Range: 0P + 2C
- Semester: winter
- Year: 2
- Faculty of Economic Informatics
Teachers
Included in study programs
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.
Indicative content
Audit evidence – nature, ways and methods of obtaining it. External confirmation. Substantive tests in an audit. Tests of details. Substantive analytical tests Statistical and non-statistical sampling in an audit. Application of sample results to the population. Audit of accounting estimates. Related parties from the auditor's perspective. Written representations. Using the work of others in the audit of financial statements. Subsequent events. Going concern. Finalization of audit work. Specific conditions of public interest entities in connection with the content of the independent auditor's report. Specifics of the audit of non-profit organizations. Special considerations in a statutory audit. Non-financial information from the auditor's perspective. Practicing technological skills in an audit.
Support literature
1. Kareš, L., Krišková, P., Kňažková, V.: Audit Documentation, Bratislava, 2015.
2. Mullerová, L., Králiček, V.: Auditing. Praha, 2020
3. Krišková, P., Užík, J.: Methodological aspects of the implementation of auditing standards as part of the economic and legal environment of the Slovak Republic, Praha, 2020.
4. Act No. 423/2015 Coll Act on Statutory Audit and on Amendments to Act No. 431/2002 Coll. on accounting as amended.
5. Act No. 431/2002 Coll. on accounting as amended.
6. Kareš, L., Krišková, P., Užík, J: Auditing 2 – case studies, Bratislava, 2020
7. SKAU Auditor's Code of Ethics, Auditor's Code of Ethics Handbook. 2018. https:// www.skau.sk/wp-content/uploads/2020/01/Eticky-kodex-auditora-final-uprava.pdf
8. Handbook of International for Quality Control, Auditing, Review, Other Assurance and Related Services Pronouncements, IFAC, available at www.skau.sk
9. SKAU guidelines available at www.skau.sk
Syllabus
1. Introduction to Advanced Accounting Topics 2. Determining Materiality 3. Audit Evidence – Nature, Methods and Techniques for Obtaining It. External Confirmation. 4. Substantive Tests in Auditing. Tests of Details. Substantive Analytical Tests 5. Statistical and Non-Statistical Sampling in Auditing. Applying Sample Results to the Population. 6. Auditing Accounting Estimates. Related Parties. Written Representations. 7. Using the Work of Others in the Audit of Financial Statements. 8. Subsequent Events. Going Concern. 9. Finalizing Audit Work. Issuing the Independent Auditor’s Report. 10. Specific Conditions of Public Interest Entities in Relation to the Content of the Independent Auditor’s Report. Specifics of Auditing Non-Profit Organizations. 11. Special Considerations in Statutory Auditing. 12. Non-financial information from an auditor's perspective. 13. Practicing technological skills in auditing.
Requirements to complete the course
Mid-term assessment (exercises): 30 points, exam: 70 points. To pass the course, the student is required to achieve 51% of the points from the continuous assessment and 51% of the points from the exam.
Student workload
26 hours of seminars
26 hours of preparation for the seminars
13 hours of preparation for ongoing evaluation
39 hours of preparation for the exam
Total study load (in hours): 104
Language whose command is required to complete the course
slovak
Date of approval: 04.03.2025
Date of the latest change: 25.01.2026