Study Guide

Objective

The student is able to use international auditing standards and to apply their contents for the right purpose. The student is able to design an audit applying the Auditing Act and international auditing standards. The student is able to 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 is able to 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 is able to read English literature related to the field. Students know the international framework in which auditors operate.

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

Students are able to 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 is able to 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
- Auditing Standards and Recommendations
- Audit documentation
- Auditor's reports
- Company auditing
- 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 eg ratios and trends
- Creating presentation materials, using graphics

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.

Qualifications

- Preparing the Financial Statements
- Communities Law
- Auditing