117-0451/01 – Audit in accounting (A)
| Gurantor department | Department of Accounting and Taxes | Credits | 5 |
| Subject guarantor | Ing. Jana Hakalová, Ph.D. | Subject version guarantor | Ing. Jana Hakalová, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Choice-compulsory type B |
| Year | 2 | Semester | winter |
| | Study language | Czech |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
1. To characterize the importace of verifying the financial statements,
footnotes and annual report by auditor.
2. To describe the objectives of audit, users, auditor´s profile, auditor´s
communication with accounting entity.
3. To explain the process of audit and the individual phases the audit
process.
4. To solve the study cases and tests.
5. To evaluace the conclusions of audit.
Teaching methods
Lectures
Tutorials
Summary
The aim of the course is the explanation of problems of auditing and auditing activities not only from the perspective of the accounting entity but also from the auditor's point of view. The issue is solved according to the applicable regulations in the Czech Republic and from the perspective of international auditing standards including theoretical and practical point of view. The students will obtain explanation of the basic terminology and the essence of auditing, the definition of legal regulation governing this issue, auditor's profile, methods and specific procedures including the practical application of acquired knowledge through case study solutions.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Written credit (test).
Written exam (test).
E-learning
Other requirements
Additional requirements for students not determined.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
Framework syllabus of the course:
1. Characteristics and requirements of financial statements and annual report.
2. Characteristics of audit and its importance, history of audit and legal regulation of audit work in the Czech Republic.
3. Act No. 93/2009 Coll., on auditors, as amended.
4. The Chamber of Auditors of the Czech Republic, Public Audit Oversight Board, Public interest entities, audit committee and others.
5. Auditor's personality profile and auditor's code of ethics.
6. Auditor's rights and obligations.
7. Auditor's communication with the accounting entity.
8. International auditing standards and their application.
9. Preparation of documents for auditing of the financial statements and annual report.
10. Audit process and its particular phases.
11. The auditor's specific procedures for the audit of financial statements and annual report.
12. Final procedures, auditor's report and audit opinion.
13. Case studies on the issue of auditing.
14. Practical aspects of auditing.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction