Schedule: 25.02.2020 - 31.03.2020
Teacher in charge (valid 01.08.2018-31.07.2020):
Prof. Lasse Niemi
Teaching Period (valid 01.08.2018-31.07.2020):
2018-2019: IV (Spring 2019), Otaniemi campus
2019-2020: V (Spring 2020), Otaniemi campus (changed 4.11.2019)
Learning Outcomes (valid 01.08.2018-31.07.2020):
The objective of the course is to present and discuss fundamental questions and major themes in auditing research and practice through academic research studies and real case-exercises.
Content (valid 01.08.2018-31.07.2020):
The themes include preconditions for an audit and the audit environment, objectives of and demand for auditing, audit reporting, fundamental concepts, such as risk, auditing and corporate governance. The issues are discussed from regulatory and economic theory perspectives.
Assessment Methods and Criteria (valid 01.08.2018-31.07.2020):
1. Lectures (24 h ). Fundamental questions and major themes in auditing research and practice. Prof. Lasse Niemi.
2. Team work: participants work as a team as follows:
- Student presentations: each group will present one research article and prepare a 6-page description of the articles. (30 %)
- Real cases: four case exercises (40 %).
- Term paper: a 10 page paper on a current topical issue in audit practise and/or regulation. Deadline for term paper submission is two weeks after the last lecture. (30 %)
Workload (valid 01.08.2018-31.07.2020):
- Classroom hours, 24 h
- Class preparation, readings, 16 h
- Case exercises, 48 h
- Research article presentation, 36 h
- Term paper, 36 h
Study Material (valid 01.08.2018-31.07.2020):
KNAPP, M (2012) Auditing Cases, International Edition 9e. ISBN 9781133187905
International Standards on Auditing, IFAC (International Federation of Accountants)
Reading material announced in class.
Course Homepage (valid 01.08.2018-31.07.2020):
Prerequisites (valid 01.08.2018-31.07.2020):
Exam passed: 22C00500 Tilintarkastus (Auditing).
Exam passed: 22C00400 Tuloslaskenta (Financial Accounting), or at least two Financial Accounting courses.
The prerequisites will be checked before the course starts. If you have taken the prerequisite courses outside Aalto University, please send a copy of transcript of records of their previous studies to the Study coordinator of the Department as a proof of completing at least one course in introductory auditing and two financial accounting courses.
Grading Scale (valid 01.08.2018-31.07.2020):
Registration for Courses (valid 01.08.2018-31.07.2020):
Via WebOodi. Please see WebOodi for the registration dates.
If more students have enrolled by the enrolment deadline than can be accepted on the course, priority will be given to students based on their study right: 1. Master's degree students in Accounting 2. Exchange students 3. Master's students in other majors 4. Bachelor's students in Accounting who have completed more than 150 cr 5. Bachelor's students in other majors who have completed more than 150 cr
Further Information (valid 01.08.2018-31.07.2020):
Attendance at lectures is mandatory.
Max. 35 Aalto students can be accepted to the course - in order of registration, but priority will be given to students of the Accounting MSc program. In addition, 25 students from Hanken will be accepted to the course.
- Teacher: Lasse Niemi