Corporate Governance and Special Topics in Auditing

Structure Type: Course
Code: LTVATH403
Type: Free choise
Level: Bachelor
Credits: 3.0 points
Responsible Teacher: Potka-Soininen, Tuulia
Teacher Team: Potka-Soininen, Tuulia ; Palomäki, Juhani ; Länsiluoto, Aapo
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 concept of corporate governance and is able to evaluate its meaning to a company. The student is able to explain the concepts of risk management and internal controls and is able to analyze the meaning of these to a company. The student is able to define and recognize special issues in an auditor's reporting and other tasks performed by the auditor besides statutory audit. Besides the Accounting Act, the student is able to interpret the implications of other regulations to an audit. As regards to performing an audit, the student is able to take into account the special features of different types of business organizations.

Student's Workload

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

Prerequisites / Recommended Optional Courses

- Prepaparing Financial Statements
- Company Law
- Auditing
- International auditing standards / Auditing techniques

Contents

- Corporate Governance
- Risk management, internal controls and fraud
- Regulation concerning auditing in the Companies Act and Securites Market Act

Recommended or Required Reading

- Horsmanheimo-Kaisanlahti-Steiner: Tilintarkastuslaki
- ST-Akatemia: Tilintarkastajan raportointi (latest edition)
- ST-Akatemia: Kansainväliset tilintarkastusalan standardit (online)
- Auditing Act (2015)
- Korkeamäki: Tilintarkastuksen perusteet
- Companies Act (2006)
- Securities Market Act (2012)
- other material as informed by the instructor

Mode of Delivery / Planned Learning Activities and Teaching Methods

- lectures and guided practice
- independent work

Assessment Criteria

Excellent (5):
The student is able to define and recognize special issues in an auditor’s reporting and other tasks performed by the auditor besides statutory audit. The student is able to explain the concepts of risk management and internal controls and is able to analyze the meaning of these to a company. The student is capable of defining the concept of corporate governance and is able to evaluate its meaning to a company. Besides the Accounting Act, the student is able to interpret the implications of other regulations to an audit. As regards to performing an audit, the student is able to take into account the special features of different types of business organizations.

Good (4-3):
The student is able to define and recognize special issues in an auditor’s reporting and other tasks performed by the auditor besides statutory audit. The student is able to explain the concepts of risk management and internal controls and is able to analyze the meaning of these to a company. The student is capable of defining the concept of corporate governance and is able to evaluate its meaning to a company. Besides the Accounting Act, the student is able to interpret the implications of other regulations to an audit. As regards to performing an audit, the student is able to take into account the special features of different types of business organizations.

Satisfactory (2-1):
The student is able to define special issues in an auditor’s reporting and other tasks performed by the auditor besides statutory audit. The student is able to explain the concepts of risk management and internal controls. The student is capable of defining the concept of corporate governance. Besides the Accounting Act, the student is able to interpret the implications of other regulations to an audit. As regards to performing an audit, the student is able to take into account the special features of different types of business organizations.

Assessment Methods

- exercises

Work Placement

Work placement is not included in the course.

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