| Code |
14059
|
| Year |
1
|
| Semester |
S1
|
| ECTS Credits |
6
|
| Workload |
OT(15H)/TP(30H)
|
| Scientific area |
Accounting
|
|
Entry requirements |
Wiwhout Pre-requisits
|
|
Mode of delivery |
Face-to-face
|
|
Learning outcomes |
To understand the role of auditing in the financial reporting process.
To know the process and the fundamental concepts of Auditing, the legal framework of action of Auditors. To identify the objectives and limitations of the audit. To distinguish the various types of auditing and related services. To know how to distinguish the responsibilities of the management body and the auditors. To identify and understand audit engagement procedures and how these are reflected in audit reports.
To know how to interpret an audit/CLC report in its different modalities.
To understand and know how to assess audit risk in its different components and design risk response strategies.
To understand the role of internal control for managers and auditors. To know the main measurement criteria, internal control measures and audit procedures applicable in the different areas of the financial statements and identify the relevant information for the Audit.
|
|
Syllabus |
1. GENERAL ASPECTS AND AUDIT OBJECTIVES
2. REGULATORY FRAMEWORK, ETHICS AND RESPONSIBILITIES OF AUDITORS
3. AUDIT WORK PLANNING
4. AUDIT PROOF OR EVIDENCE
5. RISK ASSESSMENT, INTERNAL CONTROL AND INFORMATION SYSTEMS
6. FINANCIAL STATEMENT AUDIT
7. CONCLUSIONS AND AUDIT REPORT
|
|
Main Bibliography |
Slides in PDF, legislation and Directives of Audit Review provided by teacher.
- Manual do Revisor Oficial de Contas (CD); Ordem dos Revisores Oficiais de Contas.
- COSTA, Carlos Baptista da; Auditoria Financeira; Editora Rei dos Livros.
- ARENS, ELDER e BEASLEY; Auditing and Assurance Services – An Integrated Approach; Prentice Hall International Editions; Distribuição Dinternal.
|
|
Teaching Methodologies and Assessment Criteria |
The classes will have a theoretical-practical approach, combining the exposure of theoretical contents with illustrative practical examples, followed by an application exercise.
Theoretical contents will be presented by the teacher, favouring the expository method using audio visual means. In addition, in order to continuously assess the evolution of learning, case studies will be presented and discussed and exercises related to the given subjects will be solved.
Students should carry out group work in which they simulate carrying out a recurring audit of an entity's accounts, with the aim of not only applying concepts presented in class, but also stimulating the deepening of these same contents and the obtaining/discovery of new knowledge.
The established evaluation criteria aim to assess the apprehension of theoretical concepts and their practical application to concrete cases.
|
|
Language |
Portuguese. Tutorial support is available in English.
|