Special Topics in Auditing (3cr)

Objective

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.

Content

- Regulation concerning auditing in the Companies Act and Securites Market Act
- Internal controls and fraud
- Corporate Governance

Qualifications

Tilintarkastus.

Assessment criteria, satisfactory (1)

Excellent (5):
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.

Good (4-3):
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.

Satisfactory (2-1):
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.

Materials

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

Teaching methods

- lectures and guided practice
- independent work