22E21000 - Auditing - Theory and Practice, Lecture, 4.11.2021-9.12.2021

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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.

LEARNING OUTCOMES

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: 04.11.2021 - 09.12.2021

Teacher in charge (valid for whole curriculum period):

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

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

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    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 for whole curriculum period:

    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 %)

Workload

  • valid for whole curriculum period:

    - Online lectures, 24 h

    - Class preparation, readings, 16 h

    - Case exercises, 48 h

    - Research article presentation, 36 h

    - Term paper, 36 h

DETAILS

Study Material

  • valid for whole curriculum period:

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

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

    Availability

Substitutes for Courses
Prerequisites

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Attendance at lectures is mandatory.

    Max. 30 Aalto students can be accepted to the course and priority will be given to students of the Accounting MSc program. In addition, 30 students from Hanken will be accepted to the course.

     

    Teaching Period:

    2020-2021 Autumn II

    2021-2022 Autumn II


    Course Homepage: https://mycourses.aalto.fi/course/search.php?search=22E21000


    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.

    Please see Sisu for the registration dates.


    Attendance at lectures is mandatory. Max. 30 Aalto students can be accepted to the course.  Courses mentioned in the prerequisites are required. Priority will be given to students of the Accounting MSc program and BSc students in Accounting who have more than 150 cr. In addition, 30 students from Hanken will be accepted to the course.

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof