Auditing

Code:

1OP01

Acronym:

Aud

Keywords
Classification	Keyword
OFICIAL	Management Studies

Instance: 2022/2023 - 1S

Active?	Yes
Responsible unit:	Management
Institution Responsible:	Faculty of Economics

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LECO	25	Bologna Syllabus since 2012	3	-	3	42	81
LGES	26	Bologna Syllabus since 2012	3	-	3	42	81

Teaching language

Portuguese

Objectives

 

1. Familiarize students withthe conceptual and standards framework of an audit and, in particular, its methodologies and working procedures
2. When applicable, provide a first contact with real documents and reports used by the statutory auditor in his work;
3. To present the most relevant Portuguese corporate law to the activity of the statutory auditor.

 

Learning outcomes and competences

The syllabus of this course, represent predominantly usual areas of professional practice in the business /corporate world. Thus, the students should be familiar with the legal and professional framework of the audit function and, in particular, with the whole process and methodology of an audit, from planning to the final report.

Working method

Presencial

Program

1. Introduction and framework


2. Audit planning and Audit Risk Assessment


3. Internal Control and its role on auditing


4. Tools (techniques and procedures) used in gathering


5. audit evidence


6. Audit of Financial Statements


7. Auditor’s reports


8. Portuguese corporate law (main related legal aspects)

 

Mandatory literature

Almeida, Bruno José Machado de; Manual de auditoria financeira. ISBN: 978-972-592-427-3

Complementary Bibliography

Carlos Baptista da Costa e Gabriel Correia Alves; Contabilidade Financeira, 8ª ed., Rei dos Livros, 2013. ISBN: 9789898305459
Inácio, Helena Coelho; Controlo interno. ISBN: 978-972-592-454-9

Teaching methods and learning activities

 

• Exhibition of the main theoretical and normative aspects of the audit

 

• Analysis and resolution of some practical exercises

 

• Use of case studies, when applicable

 

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Teste	100,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	42,00
Frequência das aulas	39,00
Total:	81,00

Eligibility for exams

Final Exam: Obtaining a grade of 10 or higher.
Distributed evaluation: Two partial tests (50% + 50%); Obtaining an average of 10 or more; The students must obtain, in both tests, a minimum grade of 6 values (without rounding).
The first test does not bind the students to the option for the distributed evaluation; There is no compulsory attendance of classes.

Calculation formula of final grade

50% x First test + 50% x second test (minimum rating of 6 values in both tests).