•   Auditing and Internal Control FEV18EF02-3002 09.01.2023-19.03.2023  5 credits  (FEK20D-V, ...) +-
    Competence objectives of the study unit
    - Students understand the purpose and content of the audit
    -Students can carry out and evaluate internal control and know the basics of risk assessment.
    Prerequisites
    Basics of Accounting
    Basics of Management Accounting
    Content of the study unit
    Auditing competences
    Process of Auditing
    Auditing in non-profit associations
    Framework of Internal Control
    Corporate Governance
    Risk assessment
    Assessment criteria
    Assessment criteria – satisfactory (1-2)
    Basic understanding of auditing and knowledge of what kind of organizations are required to perform it


    The student knows the difference between company auditing and performance auditing in associations.


    Basic understanding of the laws and frameworks regulating internal control.
    Assessment criteria – good (3-4)
    Good understanding of the purpose of auditing and knowledge about the Auditing Law

    The student knows the difference between company auditing and performance auditing in associations. The student can perform auditing in an association.

    Student can perform and evaluate internal control within a company and knows the basic of risk control.
    Assessment criteria – excellent (5)
    Good ability of auditing in smaller companies, including good understanding of the whole auditing process. Excellent knowledge of Finnish and international auditing standards

    The student can independently perform auditing in an association and knows the requirements for performance auditing.

    Student can independently perform and evaluate internal control within a company and is able to identify risk and know the principles for risk management. Student can explain internal control in an international context.
    Name of lecturer(s)

    Cilla Salo

    Learning material

    Current legislation concerning auditing in Finnish companies
    International Auditing Standards
    COSO
    Auditing and assurance services ¨(Eilifsen)
    Intern styrning och kontroll - både lönsamt och säkert (Wikland,)(
    Revision (Carrington)

    Learning methods

    Lectures
    Excercises
    Key Learning Note / Exam

    Teaching language

    English

    Timing

    09.01.2023 - 19.03.2023

    Enrollment date range

    01.12.2022 - 08.01.2023

    Group(s)
    • FEK20D-V
    • FEK21D-V
    Responsible unit

    Faculty of Business

    Small group(s)
    • FEK21-E (Size: 30.
    • FEK20-E (Size: 30.
    Teachers and responsibilities

    Johan-Erik Fant

    Additional information

    Active and continuous participation during the course is recommended. Excercises will be evaluated.

    Degree Programme(s)

    Degree Programme in Business Administration

    Assessment scale

    H-5

    Exam dates and retake possibilities

    Information about deadlines for the examination is found on the course Moodle-platform

    Student's schedule and workload

    Lectures
    Exercises
    Individual studies

    Assessment criteria
    Assessment criteria – satisfactory (1-2)

    Basic understanding of auditing and knowledge of what kind of organizations are required to perform it
    The student knows the difference between company auditing and performance auditing in associations.
    Basic understanding of the laws and frameworks regulating internal control.

    Assessment criteria – good (3-4)

    Good understanding of the purpose of auditing and knowledge about the Auditing Law
    The student knows the difference between company auditing and performance auditing in associations. The student can perform auditing in an association.
    Student can perform and evaluate internal control within a company and knows the basic of risk control.

    Assessment criteria – excellent (5)

    Good ability of auditing in smaller companies, including good understanding of the whole auditing process. Excellent knowledge of Finnish and international auditing standards
    The student can independently perform auditing in an association and knows the requirements for performance auditing.
    Student can independently perform and evaluate internal control within a company and is able to identify risk and know the principles for risk management. Student can explain internal control in an international context.