BAF 403 – Audit

Home / BAF 403 – Audit

BAF 403 – Audit; Weekly hours: 2+1, ECTS: 5
The subject discipline aims to offer students basic insights on the conceptual, theoretical and practical aspects of the audit in the modern environment. After completing the course, students should be able to: learn about the key aspects of the audit and its role in the developed economies; To understand the professional and legal regulations immanent to the audit profession; To integrate the acquired knowledge of the business entities in the audit report. The course follows these topics: The notion, role and importance of the audit and the auditing profession in the contemporary economies; Professional regulation in the audit – audit standards; Planning the audit process and types of audit tests; Fundamental concepts of the audit: materiality, audit risk and audit evidence; Audit tests, analytical procedures and working documentation; Internal control; Using the sample method in the audit; Auditor’s report; Professional education of auditors.