Corporate Governance and Special Topics in Auditing (3cr)

Objective

The student is capable of defining the concept of corporate governance and is able to evaluate its meaning to a company. The student is able to explain the concepts of risk management and internal controls and is able to analyze the meaning of these to a company. The student is able to define and recognize special issues in an auditor's reporting and other tasks performed by the auditor besides statutory audit. Besides the Accounting Act, the student is able to interpret the implications of other regulations to an audit. As regards to performing an audit, the student is able to take into account the special features of different types of business organizations.

Content

- Corporate Governance
- Risk management, internal controls and fraud
- Regulation concerning auditing in the Companies Act and Securites Market Act

Qualifications

- Prepaparing Financial Statements
- Company Law
- Auditing
- International auditing standards / Auditing techniques

Assessment criteria, satisfactory (1)

The student is able to define special issues in an auditor?s reporting and other tasks performed by the auditor besides statutory audit. The student is able to explain the concepts of risk management and internal controls. The student is capable of defining the concept of corporate governance. Besides the Accounting Act, the student is able to interpret the implications of other regulations to an audit. As regards to performing an audit, the student is able to take into account the special features of different types of business organizations.

Assessment criteria, good (3)

The student is able to define and recognize special issues in an auditor?s reporting and other tasks performed by the auditor besides statutory audit. The student is able to explain the concepts of risk management and internal controls and is able to analyze the meaning of these to a company. The student is capable of defining the concept of corporate governance and is able to evaluate its meaning to a company. Besides the Accounting Act, the student is able to interpret the implications of other regulations to an audit. As regards to performing an audit, the student is able to take into account the special features of different types of business organizations.

Assessment criteria, excellent (5)

he student is able to define and recognize special issues in an auditor?s reporting and other tasks performed by the auditor besides statutory audit. The student is able to explain the concepts of risk management and internal controls and is able to analyze the meaning of these to a company. The student is capable of defining the concept of corporate governance and is able to evaluate its meaning to a company. Besides the Accounting Act, the student is able to interpret the implications of other regulations to an audit. As regards to performing an audit, the student is able to take into account the special features of different types of business organizations.

Materials

- Horsmanheimo-Kaisanlahti-Steiner: Tilintarkastuslaki
- KHT-Media Oy: Tilintarkastajan raportointi (latest edition) (ent. Tilintarkastusalan kertomukset ja lausunnot)
- KHT-Media Oy: Kansainväliset tilintarkastusalan standardit (latest edition) (ent. Tilintarkastusalan standardit ja suositukset)
- Auditing Act and Decree (2007)
- Korkeamäki: Tilintarkastuksen perusteet
- Companies Act (2006)
- Securities Market Act (1989)
- other material as informed by the instructor