Course: Accounting Auditing

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Course title Accounting Auditing
Course code KUF/UA
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study 2
Semester Winter
Number of ECTS credits 6
Language of instruction Czech
Status of course Compulsory
Form of instruction unspecified
Work placements unspecified
Recommended optional programme components None
Lecturer(s)
  • Vejsadová Dryjová Marie, Ing. Ph.D.
  • Hradecká Marcela, Ing. Ph.D.
  • Kouřilová Jindřiška, doc. Ing. CSc.
Course content
Lectures: 1. History of audit, development of audit profession in the Czech Republic, definition of audit and its essence, general conditions of audit legislation. 2. Legal regulation of audit in the Czech Republic, International framework for contract verification. 3. International and national standards of auditing. 4. Financial statements in accordance with Czech accounting regulations: financial statements, descriptive notes, annual report. 5. Auditor ethics and responsibility. Auditor's Code of Ethics. Accounting ethics. 6. Audit procedures I. - activities before concluding the contract and knowledge of the client, audit plan. 7. Audit procedures II. - audit testing of factual correctness, reliability, significance, influence of computer technology. 8. Audit procedures III. - audit of balance sheet, profit and loss statement, audit of cash flow statement. 9. Audit procedures IV. - audit of the notes to the financial statements and the annual report. 10. Audit documentation - auditor's file, evidence. 11. Audit conclusion and auditor's report on the audit of the financial statements, auditor's statements. 12. Internal audit - the role of internal audit, development and content of internal audit, audit committee. 13. Accounting fraud, creative accounting, measures against money laundering. Seminars: The seminars will be connected with topics of lectures. Others study materials: e-learning course is available at https://elearning.jcu.cz/course/view.php?id=6070.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Work with text (with textbook, with book), Written action (comprehensive tests, clauses), E-learning
  • Class attendance - 42 hours per semester
  • Preparation for classes - 30 hours per semester
  • Semestral paper - 30 hours per semester
  • Preparation for exam - 38 hours per semester
  • Preparation for credit - 28 hours per semester
Learning outcomes
The course completes the full set of sub-accounting items with a comprehensive view of accounting and its products in terms of auditing the financial statements and the entire accounting system. It is about understanding of the purpose of verifying the financial statements that auditors should learn the basic principles and procedures of verification, what audit can expect from the public, and what should result in how the auditor's report can be handled and where it can be obtained. At the same time aims to draw attention to the risk areas of the internal control system. The content of the subject is also the basis of international auditing standards and other legal regulations in the field of auditing, including their application.
After this course, students will be able to communicate with an auditor in case of an audit of financial statement examination and will understand a report of an auditor.
Prerequisites
Knowledge of previous courses Basics Accounting, Financial Accounting. Recommended courses include International Financial Reporting Standards I and II.

Assessment methods and criteria
Oral examination, Student performance assessment, Combined exam, Test

Credit Requirements: 1. Active participation in the seminars (80% turnout). 2. Seminar work for independent processing of a case study. 3. Written credit test. Minimum is 50% success rate of the credit test. Credit will be awarded to students who complete the above mentioned tasks. Examination Requirements: knowledge of the substance to the extent specified in this syllabus. Assessment weight: written credit test 10 %; case study 30 %; written exam test 40 %, oral exam 20 %. Examination valuation: Excellent (90-100 %) Excellent minus (89-86 %) Very good (85-75 %) Very good minus (74-71 %) Good (70-60 %) Fail (59-0 %) The syllabus is available on the IS STAG website.
Recommended literature
  • Drábková, Z., Kouřilová, J. Účetní auditing - skripta. České Budějovice: JU v ČB, 2016. ISBN 978-80-7394-560-2.
  • DRÁBKOVÁ, Z. Kreativní účetnictví a účetní podvody- Řízení rizika účetních chyb a podvodů. Praha: Wolter Kluwer, 2017. ISBN 978-80-7552-791-2.
  • Dvořáček, J. Interní audit a kontrola. Praha: C. H. Beck, 2003. ISBN 80-7179-805-3.
  • KA ČR. Auditorské standardy. 2020.
  • Králíček, V.; Molín, J. Vnější a vnitřní kontrola z pohledu managementu. Praha: Wolters Kluwer, 2014. ISBN 978-80-7478-557-3.
  • Králíček, V.; Müllerová, L. Auditing. Praha: Oeconomica, 2020. ISBN 9788024522333.
  • MULLEROVÁ, L. Auditing pro manažery aneb proč a jak se ověřuje účetní závěrka. Praha, 2013. ISBN 978-80-7357-988-3.
  • MURPHY, A. G. Foreign corrupt practices act. USA: Wiley., 2010.
  • ÚZ. ÚZ - Účetnictví podnikatelů. Audit.. Ostrava: Sagit, 2020.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics Study plan (Version): Accounting and Financial Management (3) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Management and Business Economics (3) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter