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
Repetition of the subject Audit 1. Auditor evidence - the nature, methods and methods of obtaining them. External confirmation. Substantive tests in audit. Detail tests. Constant analytical tests. Statistical and non-statistical sampling in the audit. Application of sample results to the population. Audit of accounting estimates. Related parties. Written declarations. Use of the work of others in the audit of financial statements. Subsequent events. Continuous operation. Finalization of audit work. Issuance of an independent auditor‘s report. Independent auditor‘s report. Types of audit opinions. Specific conditions of public interest entities in relation to the content of the independent auditor‘s report. (ZZ) Specifics of audit of non-profit organizations. Special considerations for statutory audit. Creation of audit documentation using IT. Practicing technological skills in auditing. Creation of audit documentation using IT. Practicing technological skills in auditing.
Support literature
1. Kareš, L., Krišková, P., Kňažková, V.: Audit Documentation, Bratislava, 2015.
2. Kareš, L.: Audit procedures. Bratislava, 2014.
3. Mullerová, L., Králiček, V.: Auditing. Praha, 2020
4. 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.
5. Act No. 423/2015 Coll Act on Statutory Audit and on Amendments to Act No. 431/2002 Coll. on accounting as amended.
6. Act No. 431/2002 Coll. on accounting as amended.
7. Kareš, L., Krišková, P., Užík, J: Auditing 2 – case studies, Bratislava, 2020
8. 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
9. Handbook of International for Quality Control, Auditing, Review, Other Assurance and Related Services Pronouncements, IFAC, available at www.skau.sk
10. SKAU guidelines available at www.skau.sk
Syllabus
1. Repetition of the subject Audit 1 (PR) 2. Auditor evidence - the nature, methods and methods of obtaining them. External confirmation. (ZZ) 3. Substantive tests in audit. Detail tests. Constant analytical tests (KZ) 4. Statistical and non-statistical sampling in the audit. Application of sample results to the population. (KZ) 5. Audit of accounting estimates. Related parties. Written declarations. (KZ) 6. Use of the work of others in the audit of financial statements. (ZZ) 7. Subsequent events. Continuous operation. (KZ) 8. Finalization of audit work. Issuance of an independent auditor‘s report. (ZZ) 9. Independent auditor‘s report. Types of audit opinions. (KZ) 10. Specific conditions of public interest entities in relation to the content of the independent auditor‘s report. (ZZ) Specifics of audit of non-profit organizations. (PR) 11. Special considerations for statutory audit. (PR) 12. Creation of audit documentation using IT. Practicing technological skills in auditing. (ZZ) 13. Creation of audit documentation using IT. Practicing technological skills in auditing. (ZZ) PR - overview, ZZ - basic knowledge, KZ - key knowledge
Requirements to complete the course
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
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: 10.02.2023
Date of the latest change: 14.12.2021