Level of study: 1.
Year: 2
Compulsory elective
The aim of the course is to provide students with the latest knowledge in the field of auditing, define the subject, tasks and significance of auditing, characterize the legal regulation of auditing (national and supranational), as well as the methodology of auditing – with the use of auditing procedures and methods. The course aims to familiarize students with the audit system and, through case studies and model situations, involve students in the practice of auditing in accordance with national legislation and international auditing standards.
Brief outline of the course:
- Auditing – definitions, tasks, and significance of auditing.
- Transnational regulation of auditing. International auditing bodies and institutions. National regulation of auditing.
- The auditing profession in the Slovak Republic, Act No. 540/2007 Coll. on auditors, auditing and supervision of auditing.
- Auditor's responsibility. Auditor's independence. Auditor's professional ethics. Auditor's code of ethics.
- Audit selection for control and substantive tests. Audit methods and procedures.
- Types of audit - compliance audit, internal audit, operational audit. Relationship between independent and internal auditors. Audit documentation.
- Audit report and auditor's opinion. International Standards on Auditing – ISA.
- Audit conclusions and reports. Harmonization of auditing and its prospects.
