Auditing and Assurance

2024/2025

Учебный год

ENG

Обучение ведется на английском языке

3

Кредиты

Кто читает:

Отдел сопровождения учебного процесса в магистратуре

Статус:

Курс по выбору

Когда читается:

2-й курс, 2 модуль

Course Syllabus

Abstract

The aim of this course is to provide an understanding of accounting and financial audits, including professional standards and ethical responsibilities of auditors, audit risk and materiality. In addition, it covers audit evidence and reporting on audited financial statements. The course is elective and is a key subject to provide basic understanding of the environment of auditing and other assurance services, including professional standards, ethics and legal liability.

Learning Objectives

• Part 1 «Audit» • Companies prepare annual financial statements (FS). Shareholders need to be assured that they are accurate. A team of auditors from outside the company will come in to check whether the FS are “true and fair” - a term meaning that the FS have no “material” (significant) errors. The criteria that the auditors will use to check the FS are the accounting standards. An audit report will be written to the shareholders, stating whether, in the auditors’ opinion, the FS do, or do not, present a true and fair view (i.e. positive assurance). Part 2 «Assurance» • Also, companies can voluntary prepare non-financial statements (eg. ESG) and the users may also need to be assured that they are accurate. Criterias that the auditors will use to check the non-financial statements are different. An assurance report will be written to the users and provide either reasonable or limited assurance. Therefore, the aim of the course is to develop knowledge and understanding of the process of carrying out the audit and assurance engagements and its application in the context of the professional regulatory framework.

Expected Learning Outcomes

• • To recall the fundamental concepts of audit, and the audit engagement process • To identify the requirements of international audit standards (ISAs)
• • To determine audit strategy and audit plan • To execute and evaluate results of substantive testing • To determine appropriate audit report to be issued and prepared
• • To understand TCFD guidance on climate-related financial disclosures and recall basic concepts and provisions • To determine convergence of IFRS and non-financial reporting and understand overview of new sustainability disclosure standards • To identify the requirements of ISAE 3000 (Revised) - Assurance Engagements other than Audits or Reviews of Historical Financial Information

Course Contents

• Planning an Audit
• Execution an Audit
• Completion an Audit
• Non-financial reporting - TCFD disclosure
• Convergence of IFRS and non-financial reporting. Overview of new sustainability disclosure standards
• Assurance Engagements other than Audits or Reviews

Assessment Elements

• Project Assignment 1
• Weekly Assignments
• Weekly tests
• Final Project Assignment
• weekly tests1

Interim Assessment

• 2024/2025 2nd module
  Part1 = 0.5*weekly tests1+0.5*Project Assignment 1 Part2 = 0.5*weekly tests+0.5*Weekly Assignment Final grade=33%*Part1+33%*Part2+34%*Final Project Assignment

Bibliography

Recommended Core Bibliography

• 9781509709830 - BPP Learning Media - ACCA Approved Study Text Paper F7 Financial Reporting (издание For exams from September 2017 until June 2018) - 2017 - BPP Learning Media - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=1516458 - nlebk - 1516458
• ACCA : audit and assurance (AA), , 2020
• Association of Chartered Certified Accountants (Great Britain), & BPP Learning Media (Firm). (2017). ACCA : For Exams in September 2017, December 2017, March 2018 and June 2018: Vol. Eleventh edition. BPP Learning Media.
• BPP Learning Media (Firm). (2016). ACCA : Study Text: Paper P5: Advanced Performance Management: for Exams in September 2016, December 2016, March 2017 and June 2017 (Vol. Ninth edition). London: BPP Learning Media. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1241086

Recommended Additional Bibliography

• 9781472746313 - - - ACCA Approved Interactive Text FIA FFA/ACCA Paper F3 Financial Accounting For exams from 1 September 2016 to 31 August 2017 - 2016 - BPP Learning Media - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=1248679 - nlebk - 1248679
• All-in-one CISA certified information systems auditor : exam guide, Gregory, P. H., 2012
• BPP Learning Media (Firm). (2016). Foundations in Accountancy : Practice & Revision Kit: FFA, ACCA: Paper F3: Financial Accounting: for Exams From 1 September 2016 to 31 August 2017: Vol. Fifth edtion. BPP Learning Media.
• BPP Learning Media (Firm). (2017). Foundations in Accountancy FMA : ACCA Paper F2: Management Accounting: for Exams From 1 September 2017 to 31 August 2018 (Vol. Sixth edition). London: BPP Learning Media. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1522341
• BPP Learning Media. (2016). FIA Foundations of Financial Accounting FFA (ACCA F3) Passcards. BPP Learning Media.
• BPP LEARNING MEDIA. (2017). FIA FOUNDATIONS OF FINANCIAL ACCOUNTING FFA (ACCA F3) : Passcards. BPP Learning Media.

Authors

• VOLKOVA KIRA YUREVNA
• KRIVTSOVA EKATERINA ANDREEVNA
• MYSHENKOV ALEKSANDR VYACHESLAVOVICH