Auditing

Code:

1GE501

Acronym:

AUD

Keywords
Classification	Keyword
OFICIAL	Management Studies

Instance: 2015/2016 - 1S

Active?	Yes
Responsible unit:	Management
Course/CS Responsible:	Bachelor in Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LECO	29	Bologna Syllabus since 2012	3	-	3	42	81
LGES	14	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.

 

1. When applicable, provide a first contact with real documents and reports used by the statutory auditor in his work;

 

1. 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 all 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

 

         I.            Introduction

        II.            Audit planning

      III.            Internal Control

      IV.            Tools (techniques and procedures) used in gathering audit evidence

       V.            Auditing accounts and business cycles

• Audit of cash and other liquid assets
• Audit of acquisition and payment cycle
• Audit of inventory
• Auditing revenue and related accounts
• Audit of long lived assets and related expense accounts
• Audit of owner’s equity and related entity transactions

 

      VI.            Auditor’s reports

    VII.            Portuguese corporate law (main related legal aspects)

 

Mandatory literature

Carlos Baptista da Costa; Auditoria Financeira - Teoria e Prática, 10ª ed., Rei dos Livros, 2014. ISBN: 9789898305640
Costa, Carlos Baptista da; Casos práticos de auditoria financeira. ISBN: 978-989-83-0528-2

Complementary Bibliography

Audrey Gramling, Larry Ritenberg, Karla Johnstone ; Auditing, South Western, Cengage Learning, 2010
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 (%)
Participação presencial	10,00
Teste	90,00
Total:	100,00

Calculation formula of final grade

45% First test + 45% second test (minimum rating of 6 values in both tests) + 10% classroom participation