Base Knowledge
Basic knowledge in management.
Teaching Methodologies
This curricular unit follows a teaching logic based on theoretical and practical classes, in addition to case studies and problem solving. Although supervised, this teaching will rely on student autonomy.
Learning Results
The objective of the curricular unit is to provide students with knowledge that allows them to carry out a practical financial audit as well as an accounting review. Introduce the student to the basic concepts of auditing and accounting review. Provide the student with technical knowledge to carry out audit and account review work, including:
1) Audit modalities;
2) Auditor profile;
3) Auditing Standards;
4) Audit Procedures;
5) Sampling;
6) Internal Controls;
7) Development of work;
8) Audit Reports and audit procedures.
Demonstrate the importance of evidence to ensure the credibility of your opinion and working papers to record the facts during the audit or audit review.
Program
I – Concepts, object and objectives of auditing and review of Accounts in the Public Sector
II – Concepts of legal review, public faith and public crime.
III – Audit modalities.
IV – The auditor
V – Auditing standards
VI – General Procedures and Sampling Techniques
VII – Internal control
VIII – The development of audit work – process and function
IX – Drafting of audit and inspection reports, auditor’s opinions and legal certification of accounts.
Curricular Unit Teachers
Andre Luiz Marini ChagasGrading Methods
Evaluation methodology:
1) Periodic assessment
The assessment will have two written tests:
1st frequency (written test)
i) Date and time:
TP 1: to be defined - during class time;
TP 2: to be defined - during class time;
ii) Duration: 1 hour and 30 minutes;
iii) The test will be in person.
iv) Evaluation criteria that will be taken into account when correcting the frequency: presentation and systematization of answers, relevance of contents, ability to reason about the subjects taught and care in writing and exposing answers.
2nd frequency (written test)
i) Date and time:
TP 1: to be defined - during class time;
TP 2: to be defined - during class time;
ii) Duration: 1 hour and 30 minutes;
iii) The test will be in person.
iv) Evaluation criteria that will be taken into account when correcting the frequency: presentation and systematization of answers, relevance of contents, ability to reason about the subjects taught and care in writing and exposing answers.
v) Minimum grade in the 2nd frequency: 7 points.
Each frequency has a quotation of twenty values, the final grade being, without rounding, by dividing this value by a factor of two.
A student who obtains a grade equal to or greater than ten values is considered approved.
2) Final assessment (written test)
This type of assessment will consist of a written test during 3 hours, covering the entire material taught in the semester.
The writen test will be in person.
When correcting the written test, the presentation and systematization of the answers, the relevance of
the contents, the ability to reason about the subjects taught and the care in writing and exposing the answers will be taken into account.
A student who obtains a grade equal to or greater than ten values is considered approved.
For all assessment will be no oral tests.
Internship(s)
NAO
Bibliography
Fundamental Bibliography
1) ALMEIDA, Bruno; Financial Auditing Manual. Escolar Editora; 2017.
2) MORAIS, Georgina and MARTINS Isabel; Internal Auditing – Function and Process; Editora Áreas; 4th edition; 2013.
3) COSTA, Carlos Baptista; Financial Auditing – Theory and Practice; Rei dos Livros, 10th edition; 2014.
4) IIA, (2019), International Internal Auditing Practices (IPPF), IIA, January 2019,
https://na.theiia.org/standards-guidance/Pages/New-IPPF.aspx
5) OROC, Statutory Auditor’s Manual, 2014.
6) Law No. 140/2015 of September 7, which approves the New Statute of the Order of Statutory Auditors.
7) Law No. 148/2015 of September 9, which approves the Legal Framework for Audit Supervision.
8) Decree-Law No. 109-E/2021 – National Anti-Corruption Mechanism – MENAC.
Complementary Bibliography
Sites to consult – Internet:
www.oroc.pt; www.theiia.org; www.ifac.org; www.aicpa.org; www.aeca.es; www.cnc.min-financas.pt; www.intosai.org;
Articles:
Several articles in the recommended technical magazines of the specialty.