Study Guide

Objective

The student can use international auditing standards and apply their contents for the right purpose. The student can design an audit applying the Auditing Act and international auditing standards. The student can carry out an audit based on his / her plan, is able to draw conclusions from the findings of the audit, and is able to prepare correct reports based on the conclusions drawn. The student can document work in accordance with auditing standards.

The student is able to apply audit methods and techniques in real audit work. The student is able to organize the audit process, which results in various auditor's reports. The student is able to analyze the meaning of these different reports and can use the reports for the right purposes.

The student knows the main vocabulary of the field also in English and can read English literature related to the field. Students know the international framework in which auditors operate.

The student can use the necessary technology in accounting and accounting processes effectively, the student is able to solve process-related problems and analyze information. The student can ensure the availability, usability, integrity, and security of the information. The student understands the importance of right, excellent quality information in corporate decision-making and corporate reputation. The student can present information in visual form.

Students can listen effectively to others and present their thoughts and ideas in writing, verbally and non-verbally. Students will be able to work effectively with others in a relationship of trust that will produce positive results. The student can negotiate with different parties for the best results.

Students know what ethical guidelines and laws should be followed in their studies, at work, and in the business world.

Content

- Auditing Standards and Recommendations
- Implementation of the audit
- Auditing as a process
- Auditing techniques and methods
- Audit documentation
- Auditor's reports
- Management of the use of accounting systems
- Knowledge management and information security, use of knowledge in decision-making
- Internal controls and controls
- Analysis of financial statements using e.g. ratios and trends

Qualifications

- Accounting process
- Company administrative processes 1 and 2
- Audit

Assessment criteria, satisfactory (1)

The student knows how to use some international auditing standards. The student knows how to plan a simple audit applying the Auditing Act and international auditing standards. The student knows how to carry out an audit based on the plan he has prepared, knows how to draw simple conclusions from the findings of the audit, and knows how to prepare reports based on the conclusions drawn. The student can document the work done following the given instructions. The student knows how to find the right central auditing standards needed in his own work and knows how to search for information relevant to the auditor's work from other given sources.

The student knows how to apply auditing methods and techniques in real auditing work. The student knows how to organize the auditing process, the end result of which is the creation of different auditor's reports. The student knows how to document audit work based on key documentation documents. The student knows how to use the given sources of information in audit work.

The student shows activity in doing his work and the student's hourly work benefits his own activities and the rest of the group. The student interacts with both other students and the teacher.

Assessment criteria, good (3)

The student knows how to use the necessary international auditing standards and how to apply their content for the right purpose. The student knows how to plan an audit by applying the Auditing Act and international auditing standards. The student knows how to carry out an audit based on the plan he has prepared, knows how to draw conclusions from the findings of the audit, and knows how to prepare the right kind of reports based on the conclusions drawn. The student knows how to document the work done in accordance with auditing standards. The student knows how to use auditing standards in auditing work and knows how to search for relevant information in the auditor's work on his own initiative.

The student knows how to apply auditing methods and techniques in real auditing work. The student knows how to organize the auditing process, the end result of which is the creation of different auditor's reports. The student knows how to document audit work based on key documentation documents. The student knows how to use various sources of information in audit work. The student shows good activity in doing his work, and the student's hourly work enriches his own activities and benefits the rest of the group. The student interacts quite actively with both other students and the teacher.

Assessment criteria, excellent (5)

The student knows how to use international auditing standards and applies their content for the right purpose. The student knows how to plan an audit by applying the Auditing Act and international auditing standards. The student knows how to carry out an audit based on the plan he has prepared, knows how to draw conclusions from the findings of the audit, and knows how to prepare the right kind of reports based on the conclusions drawn. The student knows how to document the work done in accordance with auditing standards. The student can explain the significance of the standards as a supervisor of the audit work in the various stages of the audit work. The student knows how to use auditing standards in auditing work and knows how to search for relevant information in the auditor's work.

The student knows how to apply auditing methods and techniques in real auditing work. The student knows how to organize the auditing process, the end result of which is the creation of different auditor's reports. The student knows how to analyze the meaning of these different reports and knows how to use the reports for the right purposes. The student knows how to document audit work based on key documentation documents. The student knows how to use various sources of information in audit work.

The student shows commendable activity in doing his work, and the student's hourly work enriches both his own and the other group's activities. The student actively interacts with both other students and the teacher.

Materials

ST-Akatemia: Tilintarkastajan raportointi; Halonen – Steiner: Tilintarkastusprosessi käytännössä; Horsmanheimo-Kaisanlahti-Steiner: Tilintarkastuslaki – kommentaari; Tomperi: Tilintarkastus: normeista käytäntöön; ST-Akatemia Oy: Kansainväliset tilintarkastusalan standardit; ST-Akatemia Oy: Osakeyhtiön tilinpäätösmalli