ABL-C1101 - Contemporary Digital Audit Procedures, Lecture, 22.4.2024-7.6.2024

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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 course aims to provide students with an understanding of how computer-assisted audit techniques (CAATS) and audit analytics are applied in the audit and internal audit. In addition to the general understanding about the development of audit analytics and different tools, the course provides students with the opportunity to practice with different datasets using the most updated version of an audit analysis tool (ACL). By doing that, students understand how audit analytics can be used in different stages of an audit to generate audit evidence.

Upon completion, students should:

  • Understand the changes regarding using audit analytics in the engagement, its benefits and limitations
  • Understand the initiatives and obstacles of the standard setters to integrate audit analytics in the auditing standards
  • Understand how audit analytics can be used in different stages of an audit
  • Have knowledge of different types of data transfer and analysis tools, be able to import different kinds of data using an audit software
  • Have knowledge and practical understanding of data integrity, be able to perform tests for data integrity with an audit software
  • Have knowledge of how to process and analyze data, including finding patterns, outliers, and be able to perform analysis with audit software and make conclusions based on the analysis results.
  • Understand audit sampling and use audit software to do audit sampling

Credits: 6

Schedule: 22.04.2024 - 07.06.2024

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation):

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:

    This course will cover the following contents:

    • Discussing the growing use of technology in the audit, the present, the possibilities, and considerations of the standard settings – whether and how to revise the auditing standards accordingly
    • Different ways to obtain data and different types of data.
    • Introduction to different tools that can be used in audit and internal audit
    • How to import data, test for the integrity of data, analyze data, and generate reports using an audit software
    • What is sampling and how to do sampling with an audit software
    • Other special issues in audit analytics: correlation and regression, Benford's law, script, and continuous auditing and monitoring

Assessment Methods and Criteria

  • valid for whole curriculum period:

    There will be weekly asisgment (50%), final case presentation and a final exam (50%)

     

Workload

  • valid for whole curriculum period:

    - Contact teaching 36 h

    - Self study 121 h

    - Exam, 3 h

DETAILS

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 No teaching
    2023-2024 Spring V

    Enrollment :

    Registration for courses: in Sisu

    Max 50 students.

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

Aalto University Code of Academic Integrity and Handling Violations Thereof