Course Leader: Dr Oliana Sula 

Home Institution: University “Aleksander Moisiu” Durres, Durres, Albania

 

Course Overview

The aim of this course is to provide in-depth study of auditing principles based on solid theoretical and practical foundations of auditing. Students will be as well provided with working knowledge and principles of auditing procedures, techniques, standards, legal and ethical environment of auditing as well as auditing tools and audit reports. The main focus will be put on legal and financial aspects of auditing. This course will be focused in understanding with basic concepts to understand statutory auditing fundamentals in Italy as well as of International Standards of Auditing (ISAs).

 

Learning Outcomes

At the end of the course the student should be able to:

• Be aware and understand the application of auditing principles and practices in the Italian and in the global context
• Identify and analyse the typical aspects of auditing
• Be aware of several aspects of auditing of audit quality, ethics, and independence
• Understand the importance of internal control and risk assessment
• Evaluate different auditing procedures to be performed
• Analyse the importance of auditing evidence.

 

Course Content

1. Introduction to Auditing

The main focus of this lecture will be in understanding the nature of auditing, its purpose and limitations, the general role of auditors, the demanding for auditing services and auditing guidline.

2. Auditing in Italy

The aim of this lecture will be to understand the current state of statutory auditing in Italy, the legislation, the qualified bodies and their independence.

3. International Standarts of Auditing

The focus will be on the analysis of International Standards of Auditing and their implications.

4. Ethical Aspects of Auditing

This topic will analyse the importance of ethical aspects of auditing and implications of different ethical dilemmas,codes of conducts and professional guidelines.

5. Auditor’s responsibilities and auditing evidence

The main objective of this topic will be to understand the duties of an auditor, management responsibilities and financial statement cycles together with auditing evidence and the importance of obtaining and anlysing this evidence.

6. Auditing planning

The main objective of this lecture is to understand how an auditing plan and auditing strategy are elaborated according to the different needs of the clients.

      7.Accounting systems and internal controls

      The main objective will be to understand different aspects of internal 

      Control and in how asses control risk and design appropriate tests.

8. Auditing in different business cycles
9. The implications of the lack of continuity of business
10. Auditors reports and fraud and torts

      The foucs of this topic will be in understanding what is a qualified auditing report and identify the main irregularities, frauds or torts.

11. Final exam

 

Instructional Method

This course will be taught online. The lectures will be interactive they will combine a presentations of theoretical concepts through lectures and case study analyses discussed with students.

 

Required Course Material

1. Ray Whittington, Kurt Pany, ‘Principles of Auditing and Other Assurance Services, 21^st Edition Mc Graw Hill, 2019
2. BAUER, La revisione legale oggi in Italia, Maggioli editore, 2019 – VIII edition.

Assessment

Course online attendance is necessary.

40% of the evaluation is a case study group work presented after the 6^th topic

60% final written exam in the form of a Multiple choice