BA_Aud Auditing

University of Finance and Administration
Summer 2019
Extent and Intensity
2/0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. PhDr. Ing. Václav Kupec, Ph.D. (seminar tutor)
Guaranteed by
doc. PhDr. Ing. Václav Kupec, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Markéta Knížková
Timetable of Seminar Groups
BA_Aud/pBMCUPH: each odd Wednesday 17:30–18:14 E125, each odd Wednesday 18:15–19:00 E125, each odd Wednesday 19:15–19:59 E125, each odd Wednesday 20:00–20:45 E125, except Wed 10. 4. ; and Tue 9. 4. 17:30–19:00 E125, 19:15–20:45 E125, 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
The aim of the course is to introduce students to the issue of audit activity during the 4th Industrial Revolution. The subject provides a comprehensive overview of the theory of audit from the description of the historical development of the profession, through the explanation of the division of the audits in the context of external and internal conception, to the interpretation of the current methods in the processing of audit orders. Students in both full-time and combined study will be able to process risk analysis, prepare the audit planning process, or apply selected approaches by external and internal auditors, including the use of modern techniques.
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, Development of the profession in the Czech Republic, Types of audits, Legislative bases)
  • 4. External Audit (Audit Theory, Audit Objectives, International Standards of Auditing (ISA), KACR)
  • 5. Internal Audit (Audit Theory, Audit Objectives, IPPF International Standards, CIIA)
  • 6. Auditor Person (Modern Concept of Audit Services, Features, Education, Certification)
  • 7. Audit Planning (Risk Analysis, Legislation, Management Requirements, Audit Plan)
  • 8. Audit Process (Preparation, Audit, Completion, Discussion)
  • 9. Audit Techniques (Querying, Observing, Analytics, Statistics)
  • 10. Audit Documentation (Audit Trail, Program, Records, Report)
  • 11. Audit Trends (Industry 4.0, IT, Family Business, Professional 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 2018, Summer 2020, Summer 2021, Winter 2021, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (Summer 2019, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2019/BA_Aud