Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics

AUDITORIA - 2016/2017

3º curricular year
Semestralidade: 1st semester
ECTS: 6

Teachers

Leading Teacher: Prof. Doutor António Anjos

Class type and School hours

Teaching Language

Portuguese

Main Aims/Objectives

Establish the interaction between the role of accounting and auditing in the financial reporting process and the accreditation.
Apprehend the basic concepts of financial audit and methodology.

Specific Aims/Objectives

Provide students with the basic knowledge and tools necessary to carry out audits of accounts of commercial companies and other economic entities.
Allow students to meet and build planning an audit and its interconnection with the internal control system of the audited entity.
Knowing the methodology of implementation of an audit.

Skills to be acquired

Ability to understand the processes of an audit: organization, planning, scheduling, test execution, analysis of results, development of recommendations; reporting.

Teaching Procedures

Exhibition of elementary concepts and recommendation of further reading. Presentation and solving application of concepts.
Realization of group work.

Programme

1. Introduction and general aspects
1.1. The audit and its surroundings
1.2. Concept, object, purpose and types of financial audit
1.3. Responsibility, ethics and deontology
1.4. Regulatory framework
2. The audit process
2.1. Commitment to an audit
2.2. Planning an audit
2.3. Performing the audit and conclusions
3. Internal Control: Administrative and accounting
3.1. Concepts and objectives of internal control
3.2. Key elements of internal control
3.3. Limitations of internal control
3.4. Ratio of internal control with the audit
3.5. Study and evaluation of internal control
4. Proof of audit: General audit procedures
4.1. Importance and proof of concept
4.2. General auditing procedures
4.3. Tests audit
Sample selection 4.4.Técnicas audit
4.5.A of proof documentation

5. Audit of financial statements
5.1. Meaning and scope
5.2. Definition of substantiation and validation procedures: substantive testing and analytical procedures
5.3. Substantive procedures and tests for the different classes of beads
5.3.1. financial liquid assets
5.3.2. Purchases of goods and services and payables
5.3.3. inventories; Cost of Goods Sold and Consumed; and Changes in Inventories Production
5.3.4. Sales, service benefits and receivables
5.3.5. Non-financial investments
5.3.6. Financial investments
5.3.7. Accruals and deferrals
5.3.8. provisions
5.3.9. equity
5.3.10. Spending on personnel
5.4. Audit reports

Evaluation Type

System of continuous assessment: assessment tests 2 and 1 proof of attendance at the end of the semester.

Frequency regime: proof of attendance at the end of the semester

Final exam

Teaching Resources

Availability of books in e-learning platform of the University Lusiada
Use of teaching resources contained in the University Library on the topic of discipline to research by students.
Use the internal network to access the Internet to conduct research on the subject by the students.

Sustainability Objectives

Keywords

Auditing
Internal Control
Procedures
Reports

Main Bibliography

Complementary Bibliography