Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


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.

Credits: 6

Schedule: 29.10.2020 - 03.12.2020

Teacher in charge (valid 01.08.2020-31.07.2022): Lasse Niemi

Teacher in charge (applies in this implementation): Lasse Niemi, Thi Pham

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English


  • Valid 01.08.2020-31.07.2022:

    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 01.08.2020-31.07.2022:

    1. Online 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:

    - Online 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 %)

  • Valid 01.08.2020-31.07.2022:

    - Online lectures, 24 h

    - Class preparation, readings, 16 h

    - Case exercises, 48 h

    - Research article presentation, 36 h

    - Term paper, 36 h


Study Material
  • Valid 01.08.2020-31.07.2022:

    KNAPP, M (2012) Auditing Cases, International Edition 9e. ISBN 9781133187905

    International Standards on Auditing, IFAC (International Federation of Accountants)
    Reading material announced in class.


  • Applies in this implementation:

    The case exercises are based on Knapp and other case materials provided during the course. 

  • Valid 01.08.2020-31.07.2022:

    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.