Objectives and competences
In this course, students:
1. Systematically enhance their theoretical knowledge in the field of accounting with knowledge of auditing and are able to apply it.
2. Gain the ability to apply their theoretical knowledge in practical problems in the field of financial statements auditing and also of other fields of auditing.
3. Critically apply theoretical knowledge to analyse auditors’ procedures in financial statements audit and other types of auditing, and are able to critically evaluate it.
Content (Syllabus outline)
1. Introduction to commercial auditing, including its historical developments, meaning, types and purpose;
2. Framework and systematic regulation of the field of commercial auditing.
3. Legal and professional pronouncements regarding commercial auditing, including ethical principles in auditing;
4. Financial statements auditing (prerequisites and procedures);
5. Other auditor's engagements and related services (i.e., financial statements review, sustainability assurance engagement);
6. Professional aspects of commercial auditing.
Learning and teaching methods
? lectures;
? exercises;
? discussions and model- studying classes;
? individual studies.
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
1. Acquire basic knowledge in the area of auditing.
2. Have detailed knowledge in the area of financial statements auditing.
3. Can identify key aspects of the auditing problem from different viewpoints and are able to find solutions
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students:
1. Understand and apply methodological knowledge and in solving auditing problems without guidance.
2. Get the ability to search for and synthesize new information from the field of auditing in literature and praxis and place them in an appropriate professional frame.
Key/Transferable skills
Students:
1. Further develop skills and expertise in the use of knowledge in the auditing area.
2. Can select and manage information with minimal guidelines.
Practical skills:
Students:
1. Get practical experience in the field of financial statements and are able to act autonomously with minimal guidelines and supervision.
Readings
Obvezna študijska literature (Compulsory textbooks):
1. Izbrane vsebine iz veljavnih pravil s področja revidiranja in druga literatura, posredovana na predavanjih in vajah.
2. Zakon o revidiranju (ZRev-2). Uradni list RS, št. 65/08, 63/13 – ZS-K, 84/18, 115/21 in 85/24. (Dostopen na: https://pisrs.si/.)
3. Koletnik, F. (2009). Zunanje revidiranje. Ekonomsko-poslovna fakulteta.
4. Mednarodni kodeks etike za računovodske strokovnjake, vključno z Mednarodnimi standardi neodvisnosti (IFAC) – izbrane vsebine (dostopen na: https://www.si-revizija.si/datoteke/revizorji/3205/kodeks-racunovodski-strokovnjaki-2022.pdf).
5. Mednarodni standardi revidiranja (MSR) in upravljanja kakovosti (IFAC) – izbrane vsebine (dostopno na: https://www.si-revizija.si/standardi/mednarodni-standardi-revidiranja-msr).
Dodatna študijska literature (Additonal textbooks):
6. Taylor, D. H., & Glezen, G. W. (1996). Revidiranje. Zasnove in postopki. Zveza računovodij, finančnikov in revizorjev Slovenije.
7. Pravila revidiranja (dosegljiva na: https://www.anr.si/predpisi/revidiranje/hierarhija-pravil-revidiranja/).
8. Brozović, M., Mamić Sačer, I., Pavić, I., Sever Mališ, S., Tušek, B., & Žager, L. (2020). Revizija. Nadzorni mehanizem korporativnoh upravljanja. Hrvatska zajednica računovođa i financijskih djelatnika.
Additional information on implementation and assessment Written exam (100%).
Note:
Two midterm exams may replace the written exam. Regular attendance at lectures and tutorials (at least 70%) is a prerequisite for taking the midterm exams.
Students may gain additional bonus points by actively participating in lectures and tutorials (in-class participation), which will be added to the points obtained in the written exam or the midterm exams (up to a maximum of 10% of the written exam).
