Study Guide

Objective

The student is able to use international standards on auditing and to apply them in a relevant context. The student is able to plan an audit using Auditing Act and the International standards on auditing. The student is able to carry out the planned audit, is able to draw conclusions based on the findings of the audit and is able to prepare required reports. The student is able to document the work done according to the standards. The student is able to explain the significance of the standards in the different phases of an auditor?s tasks. The student is able to use the standards in context and is able to find information that is valid to an auditor?s work.

The student is able to apply auditing techniques in a real-life context. The student is able to organize an auditing process, the result of which will be various auditors? reports. The student is able to analyze the meaning of these reports and is able to use these reports for their correct purposes. The student is able to document the work done based on the standards concerning documenting. The student is able to use valid sources of information when performing the audit.

Content

? International standards on auditing
? Auditing a company
? Audit process
? Techniques of auditing
? International standards on auditing
? Documenting auditing
? Auditor?s reports
? Auditing a company

Materials

- Halonen-Steiner: Tilintarkastusprosessi käytännössä
- Horsmanheimo-Kaisanlahti-Steiner: Tilintarkastuslaki
- ST-Akatemia: Tilintarkastajan raportointi (latest edition)
- ST-Akatemia: Kansainväliset tilintarkastusalan standardit (online)
- ST-Akatemia: Osakeyhtiön tilinpäätösmalli (latest edition)
- Auditing Act (2015)
- Companies Act (2006)
- Value Added Tax Act (1993)
- Bookkeeping Act, Bookkeeping Decree (1997)
- Accounting Standards Board general instructions
- other material as informed by the instructor
-

Teaching methods

Face-to-face learning
Independent work

Employer connections

Work placement is not included in the course.

Student workload

- lectures and guided practice 40 h
- independent work 122 h

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to use international standards on auditing. The student is able to plan a simple audit using Auditing Act and the International Standards on Auditing. The student is able to carry out the planned audit, is able to draw simple conclusions based on the findings of the audit and is able to prepare required reports. The student is able to document the work done according to the given instructions. The student is able to find the relevant standards needed in an auditor?s work and is able to find information that is valid to the work.

The student is able to apply auditing techniques in a real-life context. The student is able to organize an auditing process, the result of which will be various auditors? reports. The student is able to document the work done using the core requirements set in the standards. The student is able to use given sources of information when performing the audit.
The student is able to read articles in English and to find information from sources in English. The student understands the international nature of auditing and knows the international setting, where auditors operate. The student is capable of explaining the meaning of the international standards in an auditor?s work.
The student shows activity when executing the audit, the student?s actions benefit both his or her own work as well as the team?s work to an extent. The student co-operates with the teacher and other students.

Assessment criteria, good (3)

The student is able to use international standards on auditing and to apply them in a relevant context. The student is able to plan an audit using Auditing Act and the International Standards on Auditing. The student is able to carry out the planned audit, is able to draw conclusions based on the findings of the audit and is able to prepare required reports. The student is able to document the work done according to the standards. The student is able to use the standards in an auditor?s work and is able to find information that is valid to the work.

The student is able to apply auditing techniques in a real-life context. The student is able to organize an auditing process, the result of which will be various auditors? reports. The student is able to analyze the meaning of these reports and is able to use these reports for their correct purposes. The student is able to document the work done using the core requirements set in the standards. The student is able to use various sources of information when performing the audit.
The student is able to read articles in English and to find information from sources in English. The student understands the international nature of auditing and knows the international setting, where auditors operate. The student is capable of explaining the meaning of the international standards in an auditor?s work.
The student shows activity when both executing the audit and in classroom work, the student?s actions enrich both his or her own work as well as the team?s work. The student actively co-operates with the teacher and other students.

Assessment criteria, excellent (5)

he student is able to use international standards on auditing and to apply them in a relevant context. The student is able to plan an audit using Auditing Act and the International Standards on Auditing. The student is able to carry out the planned audit, is able to draw conclusions based on the findings of the audit and is able to prepare required reports. The student is able to document the work done according to the standards. The student is able to explain the significance of the standards in the different phases of an auditor?s tasks. The student is able to use the standards in context and is able to find information that is valid to an auditor?s work.

The student is able to apply auditing techniques in a real-life context. The student is able to organize an auditing process, the result of which will be various auditors? reports. The student is able to analyze the meaning of these reports and is able to use these reports for their correct purposes. The student is able to document the work done based on the standards concerning documenting. The student is able to use valid sources of information when performing the audit.
The student is able to read articles in English and to find information from sources in English. The student understands the international nature of auditing and knows the international setting, where auditors operate. The student is capable of explaining the meaning of the international standards in an auditor?s work.
The student shows activity when both executing the audit and in classroom work, the student?s actions enrich both his or her own work as well as the team?s work. The student actively co-operates with the teacher and other students.

Assessment methods and criteria

- learning diary
- documentation of the work done

Qualifications

? Preparing the Financial Statements
? Communities Law
? Auditing