Corporate Governance and Special Topics in Auditing (3cr)

Evaluation scale

1-5

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.

The student knows the importance of technology in the work of an auditor: a tool for conducting an audit and a tool for analyzing information. The student understands the importance of knowledge management, knowledge correctness and information security in the work of an auditor as well as in companies. The student understands the importance of knowledge in decision making.

Content

- Corporate Governance
- Risk management, internal controls, and fraud
- Regulation concerning auditing in the Companies Act and Securities Market Act
- Technology applications in auditing
- Information security, the importance of information

Materials

Horsmanheimo-Kaisanlahti-Steiner: Tilintarkastuslaki- kommentaari
ST-Akatemia Oy: Tilintarkastajan raportointi (online)
ST-Akatemia Oy: Kansainväliset tilintarkastusalan standardit (online)
Halonen-Steiner: Tilintarkastusprosessi käytännössä (2010)
ST-Akatemia: ESG-palvelu
Tilintarkastuslaki (2015)
Osakeyhtiölaki (2006)
Arvopaperimarkkinalaki (2012)

Teaching methods

Lähiopetus.

Student workload

Luennot 20 tuntia, tehtävät ja oppimispäiväkirja 61 tuntia.

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.

The student participates in class work and participates in class discussions. The student contributes to group work and is an encouraging member of the group.

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.

As a rule, the student actively participates in classwork and most of the time participates constructively in class discussions. The student actively contributes to the group work being done and is an encouraging member of the group.

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.

The student actively participates in classwork and participates constructively in class discussions. The student actively contributes to the group work being done and is an encouraging member of the group.

Qualifications

- Prepaparing Financial Statements
- Company Law
- Auditing