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| FINA0011-2 | Audit
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| Duration : | 30h Th |
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| Credits/ECTS : |
| Master in Management Sciences, in-depth approach, 1st year | | Second semester | | 5 |
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| Master in Management Sciences, didactic approach, 1st year | | Second semester | | 5 |
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| Master in Business Engineering, didactic approach, 1st year | | Second semester | | 5 |
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| Master en sciences de gestion, à finalité spécialisée en banking and asset management, 1st year | | Second semester | | 5 |
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| Master en ingénieur de gestion, à finalité spécialisée en financial engineering, 1st year | | Second semester | | 5 |
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| Master in Management Sciences, professional Focus in Entrepreneurship, 1st year | | Second semester | | 5 |
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| Master en sciences de gestion, à finalité spécialisée en financial analysis and audit, 1st year | | Second semester | | 5 |
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| Master in Management Sciences, professional Focus, 1st year | | Second semester | | 5 |
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| Master en sciences de gestion, à finalité spécialisée en management humain et organisation, 1st year | | Second semester | | 5 |
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| Master in Management Engineering, professional Focus, 1st year | | Second semester | | 5 |
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| Master en ingénieur de gestion, à finalité spécialisée en intrapreneuriat, 1st year | | Second semester | | 5 |
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| Master in management Sciences, professional focus in management, 1st year | | Second semester | | 5 |
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| Master en ingénieur de gestion, à finalité spécialisée en Modélisation et technologie, 1st year | | Second semester | | 5 |
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| Master en sciences de gestion, à finalité spécialisée en management des entreprises sociales, 1st year | | Second semester | | 5 |
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| Master en sciences de gestion, à finalité spécialisée en intelligence stratégique et marketing, 1st year | | Second semester | | 5 |
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| Master en ingénieur de gestion, à finalité spécialisée en supply chain management, 1st year | | Second semester | | 5 |
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| Master en ingénieur de gestion, à finalité spécialisée en performance management systems, 1st year | | Second semester | | 5 |
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| Holder(s) : | Michel Grignard, Henri Olivier |
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| Coordinator : | Henri Olivier |
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| Language : | French language |
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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 11 February 2011 on Friday from 9:00 to 1200.
The course combines presentations (approx.20 hrs) and case studies (approx. 10hrs).
Lectures are conducted in the English language. However discussions on case studies will be mainly organised in French. |
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| Written notes : | Slides and relevant documents will be available electronically.
The main reference textbook will be
Hayes R.,Dassen R., Schilder,A and Wallage P. "Principles of auditing" 2ed. 2005 Pearson Education
Other 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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