Objectives and competences
In this course students:
1. Systematically enhance their theoretical knowledge in the field of accounting with knowledge of auditing and.
2. Gain the ability to apply their theoretical knowledge in practical problems in the field of financial statements auditing
Content (Syllabus outline)
1. Introduction to financial statements auditing, including its meaning, types and purpose.
2. Auditing and basic ethical principles.
3. The framework and systematic regulation of the auditing of financial statements, including legal rules.
4. Financial statements' auditing pronouncements.
5. Prerequisites for financial statements audit.
6. Financial statements auditing phases including auditor's reporting.
7. Other auditors' duties in financial statements audit (i.e., assurance on sustainability report).
Learning and teaching methods
- lectures, discussions and exercises,
- model-studying classes,
- active autonomous and team work.
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
1. Acquire basic knowledge in the area of financial statements auditing.
2. Develop skills to review the gained results in the field of financial statements auditing.
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students:
1. Understand and apply methodological knowledge in solving professional 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.
3. Can identify key aspects of problems from different viewpoints and are able to find solutions.
4. Can investigate contradictory information and reasons for this.
Key/Transferable skills
Students:
1. Further develop skills and expertise in the use of knowledge in the financial statements auditing area.
2. Can identify key aspects of problems from different viewpoints and are able to find solutions.
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. International Federation of Accountants (IFAC). International Auditing and Assurance Standards Board. (2022). Mednarodni kodeks etike za računovodske strokovnjake, vključno z Mednarodnimi standardi neodvisnosti (IFAC). (Dostopno na: https://www.si-revizija.si/datoteke/revizorji/3205/kodeks-racunovodski-strokovnjaki-2022.pdf; opomba: izbrane vsebine).
5. International Federation of Accountants (IFAC). International Auditing and Assurance Standards Board. (2025). Mednarodni standardi revidiranja (MSR) in upravljanja kakovosti (IFAC). (Dostopno na: https://www.si-revizija.si/standardi/mednarodni-standardi-revidiranja-msr; opomba: izbrane vsebine).
Dodatna študijska literature (Additonal textbooks):
6. Taylor, D. H., & Glezen, G. W. (1996). Revidiranje. Zasnove in postopki. Zveza računovodij, finančnikov in revizorjev Slovenije.
7. Agencija za javni nadzor nad revidiranjem. (2025). Pravila revidiranja. (Dosegljiva na: https://www.anr.si/predpisi/revidiranje/hierarhija-pravil-revidiranja/).
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).
