Auditing

Structure Type:	Course
Code:	LTVATH303
Type:	Elective
Level:	Bachelor
Credits:	3.0 points
Responsible Teacher:	Potka-Soininen, Tuulia
Teacher Team:	Potka-Soininen, Tuulia ; Kytönen Erkki ; Salonen, Marja
Language of Instruction:	Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum	Semester	Credits	Start of Semester	End of Semester
LITAKO-2015	2 spring	3.0	2017-01-01	2017-07-31
LITAKO-2016	2 spring	3.0	2018-01-01	2018-07-31

Learning Outcomes

The student is capable of defining the content and the purpose of auditing, is able to list and analyze the most fundamental aspects of the regulations regarding auditing. The student is able to name the requirements set for an auditor and auditor’s work and is able to apply these requirements to individual cases. The student is able to recognize and define auditor’s responsibilities and the content of an auditor’s work, as well as the various forms of auditor’s reports.
The student is able to read articles in English and to find information from sources in English. The student understands the international nature of the field and knows the meaning of international standards and practices. The student knows the major international organizations of the field.

Student's Workload

- lectures and guided practice 36 h
- independent work 45 h

Prerequisites / Recommended Optional Courses

- Preparing the Financíal Statements
- Company Law

- Regulations on auditing
- Content of auditing: auditing management, accounting, financial statements and the board of director's report
- Auditor's reports.

Mode of Delivery / Planned Learning Activities and Teaching Methods

- lectures and guided practice
- independent work

Assessment Criteria

Excellent (5)
The student is capable of defining the content and the purpose of auditing, is able to list and analyze the most fundamental aspects of the regulations regarding auditing. The student is able to name the requirements set for an auditor and auditor’s work and is able to apply these requirements to individual cases. The student is able to recognize and define auditor’s responsibilities and the content of an auditor’s work, as well as the various forms of auditor’s reports.
The student is able to read articles in English and to find information from sources in English. The student understands the international nature of the field and knows the meaning of international standards and practices. The student knows the major international organizations of the field.
The student takes actively part in class room work and discussions.
Good (4-3)
The student is capable of defining the core content and the purpose of auditing, is able to list and analyze the most fundamental aspects of the regulations regarding auditing. The student is able to name the main requirements set for an auditor and auditor’s work and is able to apply these requirements to individual cases. The student is able to recognize and define auditor’s responsibilities and the content of an auditor’s work in its main aspects, as well as the various forms of auditor’s reports.
The student is able to read articles in English and to find information from sources in English. The student understands the international nature of the field and knows the meaning of international standards and practices. The student knows the major international organizations of the field.
The student takes actively part in class room work and discussions.

Satisfactory (4-3)
The student is capable of defining the core content and the purpose of auditing, is able to list and analyze the most fundamental aspects of the regulations regarding auditing. The student is able to name the main requirements set for an auditor and auditor’s work. The student is able to recognize and define auditor’s responsibilities and the content of an auditor’s work in its main aspects, as well as the various forms of auditor’s reports.
The student is able to read articles in English and to find information from given sources in English. The student understands the international nature of the field and knows the meaning of international standards and practices. The student knows the major international organizations of the field.
The student takes part in class room work and discussions.

Assessment Methods

- assignments 100 %

Work Placement

Work placement is not included in the course.

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