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| FINA0011-1 | Financial Auditing
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| Duration : | 24h Th |
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| Credits/ECTS : |
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| Holder(s) : | Henri Olivier |
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| Language : | Langue française |
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| Course contents : | Auditing defines as a process of critical analysis of systems, documents and other audit evidences in order to determine the validity of accounting records and management assertions related to financial information or to assess the compliance with defined procedures or contractual engagements.
Financial audit is an assurance engagement as defined in the framework of the International Audit and Assurance Standards Board (IAASB)
Having studied the importance of control systels in the organisation of business, the objective is to study studies the successive steps of a financial audit, up to the finanal phase which is reporting to external users.
The accent is placed on the application of International Standards on Auditing applied to the audit of Belgian companies |
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| Course objective : | The targeted level of competence includes:
C.1. Essential knowledge of internal control, theory of assurance engagements and basic concepts that underlie the audit process and how tho apply these concepts in financial audit.
C.2. Implementation of this knowledge through case studies developed during and after the lectures.
C.3. Understanding how audit procedures can interact to justify the professional judgment of the auditor in his report. |
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| Prerequisites : | Good knowledge of financial accounting and company law; sections of the courses refer to statistical sampling and information systems. |
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| Workshops : | Each lecture includes case studies that must be prepared in advance. Additionally, two papers will be asked before the end of the lectures. |
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| Organization : | Lectures take place from 14 Novembre; six sessions of 2 times 2 hours on Friday .
Lectures are given in the French language.
Each session combines presentations and case studies. As from the second session, studients will be asked to prepare case studies for the next session. |
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| Written notes : | Syllabus and slides available electronically
Recommended textbook:
- Messier W.F.jr et Eilifsen A."Auditing and Assurance Services, International Edition" Ed Mc Graw Hill. 2006. |
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| Assessment : | Oral exam |
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| Contacts : | Henri.Olivier@ulg.ac.be |
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