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Presentation
Presentation
The aim is to provide students with knowledge of the fundamental concepts, methodologies and working procedures that form the basis for the study of the audit, namely its planning, the internal control system and the verification of the financial statements for the formulation of an opinion.
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Class from course
Class from course
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Degree | Semesters | ECTS
Degree | Semesters | ECTS
Master Degree | Semestral | 3
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Year | Nature | Language
Year | Nature | Language
1 | Mandatory | Português
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Code
Code
ULHT6233-17279
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Prerequisites and corequisites
Prerequisites and corequisites
Not applicable
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Professional Internship
Professional Internship
Não
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Syllabus
Syllabus
1. Ethics and professional deontology. Risk involved in auditing. Audit plan. Materiality and risk.
2. Internal audit vs. external audit. Sampling in auditing. Audit and internal control cycles: Audit of the sales and receipts cycle; Audit of the purchases and payments cycle; Audit of the inventories cycle.
3. Fraud and how to prevent it.
4. Final audit report.
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Objectives
Objectives
After successful completion of this unit, students should be able to understand the importance of auditing as a risk management tool, identify relevant legal, ethical and professional aspects that affect the responsibilities of auditors; design audit plans and apply appropriate audit procedures necessary to assess business risk and collect audit evidence through control tests and substantive tests, evaluate audit evidence as the basis for forming an audit opinion and prepare and communicate audit opinions.
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Teaching methodologies and assessment
Teaching methodologies and assessment
In the resolution of the practical exercises, the digital transformation in accounting will be addressed.
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References
References
Arens, A., Elder, R. Beasley M. (2015), Auditing and Assurance Services - An Integrated Approach, USA, 15 Edition, Pearson Prentice-Hall.
Almeida, Bruno José Machado, Manual de Auditoria Financeira, Uma análise integrada baseada no risco, Escolar Editora, 2014
Whittington, O., Pany, K. (2015), Principles of Auditing and Other Assurance Services, 19 Edition, McGrawHill.
Normas de Auditoria do International Auditing Practices Committee (IAPC) do International Federation of Accountants (IFAC).
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Office Hours
Office Hours
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Mobility
Mobility
No
