Financial Auditing I
Part of this Programme
Accounting, Taxation and Auditing
Level of Qualification|Semesters|ECTS
Bachelor | Semestral | 6
Year | Type of course unit | Language
2 |Mandatory |Português
Total of Working Hours | Duration of Contact (hours)
168 | 67,5
Recommended complementary curricular units
Prerequisites and co-requisites
1. Introduction and basic concepts; 2. Auditing standards and professional activity; 3. Financial reporting; 4. Audit reports; 5. Audit evidence; 6. Audit methodology; 7. Audit planning and documentation; 8. Internal control; 9. Proof of audit; 10. Audit adjustments.
Understand audit concepts, at the level of objectives, planning, audit methodology and different types of audit. Apply, through practical examples, the methodology of financial audits. To know the audit procedures related to the cycles of the financial statements related to financial assets and liabilities.
Knowledge, abilities and skills to be acquired
- Know the concepts of auditing, professional organization and auditing standards; - Distinguish the different types of audit; - Understand the mission and methodology of financial audits; - Apply methods of sample selection and other instruments applied in audits (risk matrix, flowcharts, questionnaires, reconciliations and circularizations); - Apply the audit techniques for the collection of evidence, in the cycles of financial assets and liabilities; - Conduct the audit adjustments associated with the financial statement cycles of financial assets and liabilities; - Know the structure of the audit reports and know how to prepare the report of the independent auditor.
Teaching methodologies and assessment
The curricular unit includes theoretical and theoretical-practical classes, following an expositive methodology of the contents and in its sequence the resolution of practical cases, with student participation, for all the topics of the program. The assessment continues to comprise two written tests and one paper. The first test consists of the subject up to point 5. Evidence of Audit, weighting 35%. The second test covers the rest of the program, weighting 40%. The group work consists of the study of a topic of the programmatic content, and should be used international reference bibliography. Has a weighting of 20% of the final grade. The evaluation is still considered 5% of the final grade for participation in classes. Students discuss questions placed orally for the whole class and solve practical exercises on the board, which occurs by rotation.
Arens, Alvin A.; Loebbecke, James K., Auditing an Integrated Approach, 15 Edition, Prentice-Hall International, 2016.
Almeida, Bruno José Machado, Manual de Auditoria Financeira, Uma análise integrada baseada no risco, Escolar Editora, 2016.
.Costa, Carlos Baptista e Alves, Gabriel, Casos Práticos de Auditoria, 6ª Edição, Rei dos Livros (Livraria Almedina), 2016.
Normas Internacionais de Auditoria, aplicável em Portugal a partir de janeiro de 2016.
Adicionalmente, são distribuídos aos alunos os exercícios de apoio ás aulas e os slides e demais documentação preparada pelo docente.