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| FINA0011-2 | Audit
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| Duration : | 30h Th |
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| Number of credits : |
| Master in Management Sciences, in-depth approach, 1st year | | 5 |
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| Master degree in Management, didactic approach, 1st year | | 5 |
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| Master degree in Management, professional focus in Banking and Asset Management, 1st year | | 5 |
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| Master degree in Business Engineering, professional focus in Performance Management and Control, 1st year | | 5 |
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| Master en sciences de gestion, à finalité spécialisée en droit et gestion, 2nd year | | 5 |
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| Master en sciences de gestion à finalité spécialisée en digital marketing and sales management, 1st year | | 5 |
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| Master degree in Business Engineering, professional focus in Financial Engineering, 1st year | | 5 |
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| Master degree in Management, professional focus in Entrepreneurship, 1st year | | 5 |
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| Master degree in Management, professional focus in Financial Analysis and Audit, 1st year | | 5 |
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| Master in Management Sciences, professional Focus, 1st year | | 5 |
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| Master degree in Management, professional focus in Human Management and Organization, 1st year | | 5 |
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| Master in Management Engineering, professional Focus, 1st year | | 5 |
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| Master degree in Business Engineering, professional focus in Intrapreneurship, 1st year | | 5 |
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| Master degree in Management, professional focus in Management, 1st year | | 5 |
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| Master en sciences de gestion, à finalité spécialisée en marketing and strategic intelligence, 1st year | | 5 |
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| Master degree in Business Engineering, professional focus in Modelisation and Technologies, 1st year | | 5 |
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| Master degree in Management, professional focus in Social Entreprise Management, 1st year | | 5 |
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| Master degree in Management, professional focus in Strategic Intelligence and Marketing, 1st year | | 5 |
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| Master degree in Business Engineering, professional focus in Supply Chain Management, 1st year | | 5 |
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| Master degree in Business Engineering, professional focusin Performance Management Systems, 1st year | | 5 |
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| Lecturer : | Félix Fank |
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Language(s) of instruction :
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| English language |
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Organisation and examination :
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| Teaching in the second semester |
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Course contents :
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| 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 the successive steps of a financial audit, up to the final 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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Learning outcomes of the course :
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| 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.
This course contributes to the following Intended Learning Outcomes :
ILO-1 : To strengthen knowledge and understanding of management disciplines and its legal, policy and social context
ILO-2 : Gaining the knowledge and understanding of one of the proposed fields of concentration or to gain deep knowledge in the field of the management being already specialized thru a first University Master Degree .
ILO-4 : To acquire the capacity to research autonomously and methodically the information needed to solve a complex, transversal management problem,
ILO-5 : Integrate autonomously researched information, tools, knowledge and context to build and propose, either individually or as part of a team, original, creative and viable solutions to concrete complex management problems, whether real or simulated, taking into account, when necessary, the human, social and legal context.
ILO-6 : Ability to speak 2 foreign languages: C1 in English and B2 in one other language.
ILO-8 : Developing leadership
ILO-9 : Developing a critical sense (arguing)
ILO-10 : Developing a transversal, global vision
ILO-11 : Creative conception of solutions
ILO-12 : Professional capacity for oral communication
ILO-13 : Professional capacity for written communication
ILO-14 : Faced with a management problem, suggesting solutions that are ethical and socially responsible and that respect the principles of good governance.
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Good knowledge of financial accounting and company law; sections of the courses refer to statistical sampling and information systems. |
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Planned learning activities and teaching methods :
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| Several lectures include case studies that must be prepared in advance. Additionally, two papers will be asked before the end of the lectures. |
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Mode of delivery (face-to-face ; distance-learning) :
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| Lectures take place from 2 February 2015 on Friday from 9:00 to 12:00.
The course combines presentations (approx.20 hrs) and case studies (approx. 10hrs).
Lectures are conducted in the English language. |
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Recommended or required readings :
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| 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 methods and criteria :
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| Written exam (100% of the final mark).
Relative weighting of the individual assessment : 100% |
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Work placement(s) :
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Organizational remarks :
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Contacts :
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| felix.fank@bdo.be |
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