VSFS:B_Aud Auditing - Course Information

B_Aud Auditing

Extent and Intensity

2/1/0. 6 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Hana Březinová, CSc. (seminar tutor)
Ing. Věra Janouchová (seminar tutor)
Ing. Štěpán Kožmín, MBA, MSc. (seminar tutor)
Ing. David Trytko, Ph.D. (seminar tutor)

Guaranteed by

doc. Ing. Hana Březinová, CSc.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Ivana Plačková

Timetable of Seminar Groups

B_Aud/cEKKV: each even Thursday 14:00–14:44 KV202, each even Thursday 14:45–15:30 KV202, except Thu 15. 10. ; and Thu 29. 10. 15:31–16:15 KV202, Thu 12. 11. 15:31–16:15 KV202, V. Janouchová
B_Aud/cEK1PH: Wed 30. 9. 17:30–18:14 E307, 18:15–19:00 E307, 19:15–19:59 E307, 20:00–20:45 E307, Wed 28. 10. 17:30–18:14 E307, 18:15–19:00 E307, 19:15–19:59 E307, 20:00–20:45 E307, Wed 25. 11. 17:30–18:14 E307, 18:15–19:00 E307, 19:15–19:59 E307, 20:00–20:45 E307, Š. Kožmín
B_Aud/cEK2PH: Wed 14. 10. 17:30–18:14 E307, 18:15–19:00 E307, 19:15–19:59 E307, 20:00–20:45 E307, Wed 11. 11. 17:30–18:14 E307, 18:15–19:00 E307, 19:15–19:59 E307, 20:00–20:45 E307, Wed 9. 12. 17:30–18:14 E307, 18:15–19:00 E307, 19:15–19:59 E307, 20:00–20:45 E307, Š. Kožmín
B_Aud/cFPH: Thu 8. 10. 17:30–18:14 E309, 18:15–19:00 E309, 19:15–19:59 E309, 20:00–20:45 E309, Thu 5. 11. 17:30–18:14 E309, 18:15–19:00 E309, 19:15–19:59 E309, 20:00–20:45 E309, Thu 3. 12. 17:30–18:14 E309, 18:15–19:00 E309, 19:15–19:59 E309, 20:00–20:45 E309, Š. Kožmín
B_Aud/cPPPH: Thu 22. 10. 17:30–18:14 E401, 18:15–19:00 E401, 19:15–19:59 E401, 20:00–20:45 E401, Thu 19. 11. 17:30–18:14 E401, 18:15–19:00 E401, 19:15–19:59 E401, 20:00–20:45 E401, Thu 17. 12. 17:30–18:14 E401, 18:15–19:00 E401, 19:15–19:59 E401, 20:00–20:45 E401, Š. Kožmín
B_Aud/pEKFPPPH: Tue 8:45–9:29 E004, Tue 9:30–10:15 E004, H. Březinová
B_Aud/pEKKV: each even Thursday 10:30–11:14 KV202, each even Thursday 11:15–12:00 KV202, each even Thursday 12:15–12:59 KV202, each even Thursday 13:00–13:45 KV202, H. Březinová
B_Aud/vEKPH: Fri 2. 10. 17:30–19:00 S24, 19:15–20:45 S24, Fri 16. 10. 17:30–19:00 S24, 19:15–20:45 S24, Fri 13. 11. 14:00–15:30 S23, 15:45–17:15 S23, Sat 12. 12. 9:45–11:15 E309, 11:30–13:00 E309, D. Trytko

Prerequisites

There are no prerequisites for this course.

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

In roles such as manager, executive, controller, or auditor, it
 is essential to identify potential risks, know how to handle and
 manage them, evaluate them, and use this information to 
formulate a control and audit plan. Establishing and effectively
 operating an internal control system is crucial for the quality 
of management. Companies and organizations are also subject to 
external oversight. Management quality is verified through
 internal audits, while external audits are mandatory for certain
 business corporations and groups. Students will learn to 
identify risks, plan controls based on those risks, and 
understand the functions of both internal and external audits.

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

Lectures
1.	Risk management (Economic context, Risk theory, Risk management, Corporate management)
2.	Control (Control environment, Internal control, External control, Control vs. Audit)
3.	Audit (History of auditing, Development of the profession in the Czech Republic, Types of audits, Legislative framework)
4.	Internal audit (Audit theory, Audit objectives, IPPF global standards, ČIIA)
5.	External audit (Audit theory, Audit objectives, ISA international standards, KAČR)
6.	The auditor (Modern concept of audit services, Attributes, Education, Certification)
7.	Audit planning (Risk analysis, Legislation, Management requirements, Audit plan)
8.	Audit process (Preparation, Audit execution, Completion, Discussion of findings)
9.	Audit techniques and data analytics (Inquiry, Observation, Analytics, Statistics)
10.	Internal audit report (Audit scope, risks, audit findings, internal audit recommendations)
11.	External auditor's report – types of opinions
12.	Auditor's working papers, audit communication (communication theory, audit communication, meetings, dress code)

Literature

required literature
• KUPEC, Václav. Audit. 2. vyd. Praha: Vysoká škola finanční a správní, 2021. 98 s. Edice EDUCOpress. ISBN 978-80-7408-227-6.
• KUPEC, Václav, Přemysl PÍSAŘ, Michal LUKÁČ a Gabriela PAJTINKOVÁ BARTÁKOVÁ. Conceptual Comparison of Internal Audit and Internal Control in the Marketing Environment. Sustainability. Basel: MDPI, 2021, roč. 13, č. 12, s. 1-18. ISSN 2071-1050.
• MURDOCK, Hernan. Auditor essentials: 100 concepts, tools, and techniques for success. Boca Raton: CRC Press, Taylor & Francis Group, 2019. 472 p. ISBN 978-1-138-03691-8.
• MULLEROVÁ, Libuše, Vladimír KRÁLÍČEK a kol. Auditing. vyd. 2. Praha: Oeconomia, 2020. 387 s. ISBN 978-80-245-2233-3

recommended literature
• KUPEC, Václav. Digital Possibilities of Internal Audit. Acta VŠFS, Praha: Vysoká škola finanční a správní, a. s., 2017, roč. 11, č. 1, s. 28-44. ISSN 1802-792X.
• KUPEC, Václav. Risk Audit of Marketing Communication. European Research Studies Journal, Piraeus: University of Piraeus, International Strategic Management Association, 2018, XXI, č. 1, s. 125-132. ISSN 1108-2976.
• LINDAUER, Roman. Modern risk management remarks. Prague: Oeconomica, 2017. ISBN 978-80-245-2206-7.
• PÍSAŘ, Přemysl a Václav KUPEC. Innovative Controlling and Audit – Opportunities for SMEs. Problems and Perspectives in Management, Sumy: Business Perspectives, 2019, roč. 17, č. 3, s. 184-195. ISSN 1727-7051.
• MULLEROVÁ, Libuše, Vladimír KRÁLÍČEK. Auditing pro manažery aneb jak porozumět ověřování účetní závěrky statutárním auditorem. 4. vydání. Praha: Wolters Kluwer. 2020

not specified
• Auditor. Praha: KAČR. ISSN 1210-9096.
• Interní auditor. Praha: ČIIA, ISSN 1213-8274.
• Mezinárodní Standardy pro profesní praxi interního auditu, Praha: ČIIA, 2021. Bez ISBN.
• Mezinárodní standardy pro řízení kvality, audit, prověrky, ostatní ověřovací zakázky a související služby, Praha: KAČR, 2021. Bez ISBN.

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 receiving credit (the mandatory attendance is 75% for the full-time students and 50% for the part-time students) and by an examination. To pass the test you need 60% of correct answers. Participation at the examination will require a student ID and Business Casual Dress Code.

Language of instruction

Czech

Teacher's information

b

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.

• Enrolment Statistics (recent)
  
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