MPF_AAUD Auditing

Ekonomicko-správní fakulta
podzim 2015
1/1. 4 kr. Ukončení: zk.
Ing. Oleksandra Lemeshko (přednášející)
Ing. Petr Valouch, Ph.D.
Katedra financí – Ekonomicko-správní fakulta
Kontaktní osoba: Mgr. Jana Nesvadbová
Dodavatelské pracoviště: Katedra financí – Ekonomicko-správní fakulta
Omezení zápisu do předmětu
Předmět je otevřen studentům libovolného oboru.
Předmět si smí zapsat nejvýše 24 stud.
Momentální stav registrace a zápisu: zapsáno: 0/24, pouze zareg.: 0/24, pouze zareg. s předností (mateřské obory): 0/24
Cíle předmětu
Course learning objectives are:
(1) to provide an understanding of audit process and assurance services;
(2) to give a brief up-to-date insight into international auditing standards; and
(3) to apply the obtained theoretical knowledge in real-world settings.

Learning outcomes of the course – a student will:
(1) learn how an audit market is organized, how an audit and assurance services are provided and how work of CPA specialist and CPA firm is arranged;
(2) will be able to read auditor’s report and distinguish different types of reports;
(3) will get knowledge about professional ethics of carrying out an audit and auditor’s conduct, will learn about types of auditor’s legal liabilities and possible defenses against it;
(4) will learn an audit process by phase and by cycle, particularly, will learn about client acceptance and planning of the audit, carrying out of analytical procedures, such as tests of controls, tests of transactions and tests of details of balances - in general and in context of sales and collection cycle;
(5) additionally will learn about fraud – its nature, types, causes – and responsibilities of an auditor when it is suspected.
  • Part I. Introduction into audit.
  • I.1. Audit market - audit phenomena, types of audit and auditors, regulation of audit market.
  • I.2. CPA firms and CPA services - CPA profession and CPA firms, assurance and other services, audit process and audit reports.
  • I.3. Professional ethics and legal liability - what are ethics? code of professional ethics, legal liability and defense form it.
  • Part II. Audit process by stage.
  • II.1. Client acceptance - audit objectives, client acceptance.
  • II.2. Planning the audit - understanding the entity and its environment, audit risk and materiality, internal control, tests of controls and risk assessment, planning the audit.
  • II.3. Testing and evidence - analytical review process, types of analytical procedures, test of details of transactions and test of balances, audit evidence.
  • II.4. Evaluation and reporting - evaluation of gathered audit evidence and going concern assessment, fraud detected, audit report.
  • Part III. Audit process by cycle.
  • III.1. Application of the audit process to sales and collection cycle, audit of cash balances - application of the audit process to sales and collection cycle, audit of cash balances.
  • III.2. Application of the audit process to other cycles - application of the audit process to acquisition and payment cycle, application of the audit process to inventory and warehouse cycle.
  • Part IV. Group audit, other assurance services.
    povinná literatura
  • International Standards on Auditing. IAASB, 2015. info
  • ARENS, Alvin A., Randal J. ELDER a Mark S. BEASLEY. Auditing and Assurance Services. Person Global Edition, 2014, 864 s. 15/E. ISBN 978-0-273-79000-6. info
    doporučená literatura
  • BEASLEY, Mark S., Frank A. BUCKLESS, Steven M. GLOVER a Douglas F. PRAWITT. Auditing Cases: An Interactive Learning Approach. 6/E. Pearson, 2015, 448 s. ISBN 0-13-385210-5. info
  • TRUSSEL, John M. a J. Douglas FRAZER. Lakeside Company: Pearson New International Edition: Case Studies in Auditing. 12/E. Pearson, 2014, 162 s. ISBN 1-292-04015-7. info
  • HAYES, Rick Stephan, J. C. A. GORTEMAKER a Philip WALLAGE. Principles of auditing : an introduction to international standards on auditing. 3rd ed. Harlow, England: Prentice-Hall, 2014, xxi, 714. ISBN 9780273768173. info
Výukové metody
Lectures on theory, solution of basic auditing cases typical for companies using ISA and IAS/IFRS at the seminars. Any copying, recording or leaking of midterm and final tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Metody hodnocení
- 90% participation at seminars is required.
- 60% of final grade can be received during final exam and 40% of final grade can be received during seminars. 40% is splitted into 1 midterm test (20%) and 1 presentation (20%) or activity at the seminars (20%).
- Topics for presentations should be agreed with a lecturer at the beginning of the semester.
- Minimum required amount of for the midterm test is 60% of correct answers.
- Final test is a written exam.
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Předmět je zařazen také v obdobích podzim 2016, podzim 2017, podzim 2018, podzim 2019, podzim 2020, podzim 2021, podzim 2022, podzim 2023, podzim 2024.