BA_Aud Auditing

University of Finance and Administration
Summer 2018
Extent and Intensity
2/0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. PhDr. Ing. Václav Kupec, Ph.D. (lecturer)
Ing. Tomáš Hládek (seminar tutor)
Guaranteed by
Ing. Tomáš Hládek
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Edita Jerie, DiS.
Timetable of Seminar Groups
BA_Aud/pBMCUPH: Thu 14:00–14:44 E227, Thu 14:45–15:30 E227, except Thu 15. 3., except Thu 29. 3. ; and Tue 27. 3. 8:45–10:15 E225, Thu 29. 3. 10:30–12:00 E223, T. Hládek, V. Kupec
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
Most of the business processes accompany a variety of threats. To eliminate these threats we can use modern audit as a tool for exposing the risks and recommending remedial action. The course objective is therefore to introduce the problems of audit activity during the fourth industrial revolution to students. Audit is no longer focused on a "hard" control approach, but it turned into a "soft" consulting service of today´s business. The course provides a comprehensive overview of the audit theories from describing the historical development of the profession through an explanation of the audit classification in the context of external and internal concepts to the interpretation of the current methods in the processing of audit engagement. The subject emphasises the quality of audit conducting, documentation completing, result presentation, and leading a professional communication on audit results. At the end of the course the full-time and part-time students will be able to handle risk analysis, to prepare a planning process of audits, or apply selected external and internal auditors´ approach, including the use of modern techniques. The students will also understand the primary requirements for auditing profession performance regulated by the Auditing Standards and the law of Czech Republic.
Learning outcomes
At the end of the course the full-time and part-time students will be able to handle risk analysis, to prepare a planning process of audits, or apply selected external and internal auditors´ approach, including the use of modern techniques. The students will also understand the primary requirements for auditing profession performance regulated by the Auditing Standards and the law of Czech Republic.
Syllabus
  • Plan of subject
  • 1. Risk Management (Business Management, Risk Management, Risk Theory, Economical Context)
  • 2. Control (Control Environment, Internal Control, External Control, Control vs. Audit)
  • 3. Audit (Audit History, Czech Development of the Profession, Kinds of Audits, Legislation Overview)
  • 4. External Audit (Audit Theory, Audit Objectives, International Standards of Auditing (ISA), KACR)
  • 5. Internal Audit (Audit Theory, Audit Objectives, International Standards for the Professional Practice of Internal Auditing (IPPF), CIIA)
  • 6. Auditor (Audit Services Modern Concept, Personality, Training, Certification)
  • 7. Audit Planning Process (Risk Assessment, Law Requirements, Voice of Clients, Audit Plan)
  • 8. Audit Execution Process (Planning, Fieldwork, Reporting, Consideration)
  • 9. Audit Techniques (Interview, Observation, Analytics, Statistics)
  • 10. Audit Documentation (Audit Trail, Program Charter, Working Papers, Audit Report)
  • 11. Audit Trends (Industry 4.0, IT, Communication, Ethics)
  • 12. Marketing Audit (Case Study)
Literature
    required literature
  • GIOVE, Frank C. Auditing Essentials. New Jersey: Research & Education Assoc, 2015, 156 p. ISBN 978-07-3867-150-5.
  • GRAY, Iain, Stuart MANSON and Louise CRAWFORD. The Audit Process: Principles, Practice and Cases. Andover: Cengage Learning, 2015, 920 p. ISBN 978-1-408-08170-9.
  • HALL, James A. Information Technology Auditing. 4. Ed. Mason: Centage Learning, 2016, 656 p. ISBN 978-1-305-44515-4.
  • JOHNSTONE, Karla, Audrey GRAMLING a Larry E. RITTENBERG. Auditing: A Risk-Based Approach to Conducting a Quality Audit. 9. Ed. Mason: Cengage Learning, 2014, 912 p. ISBN 978-1-133-93915-3.
  • LINDAUER, Roman. Modern risk management remarks. Prague: Oeconomica, 2017, 97 p. ISBN 978-80-245-2206-7.
    recommended literature
  • KUPEC, Václav. Digital Possibilities of Internal Audit. Acta VŠFS, Praha: Vysoká škola finanční a správní, a. s., 2017, Vol. 11, No. 1, pp. 28-44. ISSN 1802-792X.
  • MOELLER, Robert R. IT audit, control, and security. Hoboken: John Wiley & Sons, 2010, 667 p. ISBN 978-0-471-40676-1.
  • WITZANY, Jiří. Credit risk management: pricing, measurement, and modeling. Cham: Springer, 2017, 256 p. ISBN 978-3-319-49799-0.
Teaching methods
Teaching full-time study consists of lectures. In the combined studies students are taught in the form of managed group consultations. The teaching will be a complemented theory with practical examples which enable students make an idea of the role of audit in business management. The participation will require some degree of preparedness of students following the curriculum to allow informed debate on the topics discussed. The minimum mandatory attendance is for the full-time students 75% and for the part-time students 50%. Students who fail to meet the mandatory scope of participation may be given additional study obligations that would demonstrate knowledge of the issues and the acquisition of competencies necessary for successful completion of a course.
Assessment methods
The course is completed by an examination (Multiple Choice). To pass the test you need 60% of correct answers. Participation at the examination will require a student ID.
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 8 hodin KS/semestr.
The course is also listed under the following terms Summer 2014, Summer 2015, Summer 2016, Summer 2017, Summer 2019, Summer 2020, Summer 2021, Winter 2021, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (Summer 2018, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2018/BA_Aud