Description

Course Description – External Auditing

This course provides students with advanced knowledge of the principles, standards, and practices of external auditing. It examines the role of auditing in ensuring the reliability, transparency, and credibility of financial reporting, with particular emphasis on financial statement audits, professional ethics, and the regulatory framework governing audit engagements. Students develop an understanding of audit methodologies and the responsibilities of external auditors in protecting the interests of stakeholders.

The course covers key topics including the development and purpose of external auditing, legal and professional auditing standards, ethical principles and auditor independence, audit planning and execution, financial statement auditing procedures, audit evidence, review engagements, sustainability assurance, and other related assurance services. Through lectures, practical exercises, discussions, and case analyses, students develop the ability to evaluate audit processes, interpret audit findings, and apply professional standards in real-world business contexts.

Upon successful completion of the course, students will be able to apply auditing principles and international auditing standards, analyse and evaluate financial statement audit procedures, assess the quality and reliability of financial information, and demonstrate professional judgment, ethical responsibility, and critical thinking in auditing and assurance engagements.

Learning Outcomes

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.