MKF_AUDI Auditing

Faculty of Economics and Administration
Autumn 2017
Extent and Intensity
0/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Jaroslav Sedláček, CSc. (lecturer)
doc. Ing. Jaroslav Sedláček, CSc. (seminar tutor)
Guaranteed by
doc. Ing. Jaroslav Sedláček, CSc.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Sat 21. 10. 16:20–19:35 P103, Sat 4. 11. 12:50–16:15 P103, Sat 16. 12. 12:50–16:15 P103
Prerequisites
BKF_FIU1 Financial Accounting 1 && BKF_FIU2 Financial Accounting 2
The course of Auditing is a follow up course which builds on the knowledge gained in the courses related to auditing. (Financial Accounting I and II).
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
In comparison with the classical concept of audit, which was widely used especially in accounting, today audit intervenes in the area of management of economically active subjects spanning their whole scope. Students will learn about meaning of audit, risks of legal liability of auditors and professional ethics of auditors. The topics will include: theoretical methods of audit, main principles and the auditing process itself involving preparation of a contract, meeting a client, creation of a planning process, testing potential irregularities, and creation of a final audit report, including auditor’s statements and discussion of results of the audit. The course is designed to help students comprehend theoretical basis of audit and acquire methodology of audit in accordance with international rules. At the end of the course students will be able to carry out major audit procedures, assess the client’s risk and compile an audit report.
Syllabus
  • 1. Historical emergence of the audit and its development. General conditions for the emergence of the audit profession. The status and scope of the chamber auditors. 2. A general definition of the audit, its objectives and functions. 3. Legal regulations of audit in the Czech Republic. 4. Auditing standards, the general concept of ethics, code of ethics Chamber of Auditors of the Czech Republic. 5. Preparation of contract and the knowledge of the client (1st phase of the audit). 6. Factors affecting the business client, the concept of supervisions environ. 7. Preparation of schedule and programme of audit (2nd phase of the audit). 8. Procedures of preparation and negotiation of schedule of audit. 9. Execution of audit (3rd phase of the audit). 10. Procedures for selection of samples. 11. Closure of audit (4th phase of the audit). 12. The content and structure of an auditor’s report, a letter to the management. 13. Internal audit, mutual interaction between internal and external audit. Accounting and tax aspects.
Literature
    required literature
  • Sedláček, J: Základy auditu. Brno: MU ESF, 2011, studijní materiály k předmětu, dostupné online. ISBN 80-210-4168-4.
    recommended literature
  • HAYES, Rick Stephan, J. C. A. GORTEMAKER and Philip WALLAGE. Principles of auditing : an introduction to international standards on auditing. 3rd ed. Harlow, England: Prentice-Hall, 2014, xxi, 714. ISBN 9780273768173. info
  • MÜLLEROVÁ, Libuše. Auditing pro manažery, aneb, Proč a jak se ověřuje účetní závěrka. 2. vyd. Praha: Wolters Kluwer Česká republika, 2013, 175 s. ISBN 9788073579883. info
  • RICCHIUTE, David N. Audit. Translated by Lidmila Janečková - Milan Třaskalík. [1. vyd.]. Praha: Victoria Publishing, 1994, 792 s. ISBN 80-85605-86-4. info
Assessment methods
Creation of WCT (work corrected by tutor). Written test. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Czech
Follow-Up Courses
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Credit evaluation note: k = 1.
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Autumn 2015, Autumn 2016, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2017, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2017/MKF_AUDI