Financial Auditing II
Part of this Programme
Accounting, Taxation and Auditing
Level of Qualification|Semesters|ECTS
Bachelor | Semestral | 6
Year | Type of course unit | Language
3 |Mandatory |Português
Total of Working Hours | Duration of Contact (hours)
168 | 67,5
Recommended complementary curricular units
Prerequisites and co-requisites
1. Objective and general principles governing an audit of financial statements; 2. Audit documentation; 3. Audit mission; 4. Planning; 5. Materiality of audit; 6. Fair value measurements and disclosures; 7. Audit reports; 8. Audit sampling; 9. Cash Cycle, Banks and Financial Investments; 10. Sales Cycle and accounts receivable; 11. Purchases and accounts payable; Inventories and cost of goods sold; 12. Tangible and intangible fixed assets - Depreciation and impairment; 13. Own capital; Other accounts payable; Remuneration and personnel; 14. Completion of the audit.
Obtain, through the study of audit standards, audit knowledge, at the level of objectives, audit procedures related to the field work and the issuance of audit reports. Apply, through practical examples, the methodology of financial audits, as well as the selection of statistical and non-statistical samples. Know how to apply the audit instruments to collect audit evidence and know the factors related to audit risk.
Knowledge, abilities and skills to be acquired
Know the process of conducting a financial audit; ¿Apply audit techniques for the selection of statistical and non-statistical samples; ¿Apply the audit procedures in the different cycles of the financial statements; Know the procedures for completing the audits; Make the audit adjustments; 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 expository methodology of the syllabus contents and in its sequence the resolution of practical cases, for all the topics of the program. The assessment continues to comprise two written tests and one paper. The first test covers the matter up to point 9. Cash Cycle, Banks and Financial Investments, weighting 35%. The second test covers the rest of the material, with a weighting of 40%. The group work, with a weighting of 20%, consists of preparing an audit of the financial statements of a company selected by the students, through the application of the skills acquired in the course unit. The evaluation is still considered 5% of the final grade for participation in classes by students, through resolution of questions and practical exercises.
Arens, Alvin A.; Loebbecke, James K., Auditing an Integrated Approach, 16 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 ¿ IFAC (parcial), OROC, 2015.
Adicionalmente, são distribuídos aos alunos os exercícios de apoio ás aulas e os slides e demais documentação preparada pelo docente.