Auditing of the Accounts (3cr)

Evaluation scale

1-5

Objective

The student is able to define the scope and objectives of auditing, and can list and analyze the key parts of audit legislation and other legislation affecting auditing. The student can name the requirements imposed on auditors and audit work and can apply these requirements in individual cases. The student is able to identify and define the auditor’s main responsibilities, the content of their work, and the different forms of auditor reporting.

The student is able to read English-language literature in the field and to search for information from English-language sources. The student is familiar with the international nature of the field and understands the significance of international standards and regulations. The student knows the main international influential organizations in the field. The student understands the importance of information management, data accuracy, and information security both in the work of auditors and for companies. The student is also capable of interpreting the regulations related to the work of a sustainability reporting auditor.

Content

- Audit legislation
-The content of auditing: review of administration, review of accounting, audit of the financial statements, review of the management report
-Sustainability reporting as an assurance target
-Audit reports
-Information security, the importance of information

Assessment criteria, satisfactory (1)

The student is able to define the basic content and objectives of auditing and can list the key parts of audit legislation and other legislation affecting auditing. The student can name the main requirements imposed on auditors and audit work.

The student can identify the auditor’s main responsibilities and the general content of their work, as well as the different forms of auditor reporting. The student is able to read English-language literature in the field and to search for information from given English-language sources. The student is familiar with the international nature of the field and understands the significance of international standards and regulations. The student understands information management and the importance of information in the work of an auditor.

Assessment criteria, good (3)

The student is able to define the core content and objectives of auditing and can search for information on auditing regulations. The student can name the main requirements imposed on auditors and audit work and can apply these requirements in individual cases. The student is able to identify and define the auditor’s main responsibilities, the content of their work, and the different forms of auditor reporting.

The student is able to read English-language literature in the field and to search for information from English-language sources. The student is familiar with the international nature of the field and understands the significance of international standards and regulations.

The student understands information management and the importance of information in the work of an auditor.

Assessment criteria, excellent (5)

The student knows the key regulations and standards related to auditing, can search for information on auditing from these regulations and standards, and understands their significance in the work of an auditor. The student can name the requirements imposed on auditors and audit work and can apply these requirements in individual cases. The student can describe the auditor’s responsibilities and the content of their work. The student understands the differences between the various auditor reports and, in particular, understands the content of the audit report in its different forms.

The student is able to read English-language literature in the field and to search for information from English-language sources. The student is familiar with the international nature of the field and understands the significance of international standards and regulations.

The student understands information management and the importance of information in the work of an auditor.

Qualifications

- Process of Financíal Statements
- Company administrative processes 1 and 2