Financial Audit I

Expository and student-centered with the resolution and discussion of practical cases.

The learning objectives of this curricular unit are to provide students with theoretical and practical knowledge that allows them to understand the context of auditing in organizations, its need and importance for decision-making by different interest groups. It is also intended to provide knowledge about the role, access and exercise of the profession, the audit cycle, the procedures to be carried out by auditors and the issuance of the audit opinion.

Students should know the main audit organizations, noemas, tools and methodologies to perform financial auditing, as well as apply audit procedures, taking into account materiality, strategy and financial audit plan. Know how to apply risk assessment, internal control and information systems

I – Introduction to auditing: Concept, objectives, need, limitations and types of audit

      II – The role of financial auditing: framework in the governance of organizations; Entities subject to legal audit of accounts; Specific requirements for EIP audits; Auditor responsibilities and audit oversight

      III – The auditor: Obtaining ROC qualification; Professional ethics and deontology

      IV – Auditing standards: NA issuing bodies and the most relevant;

      V – Internal control of organizations

      VI – The development of audit work, from Strategy, plan and materiality in financial auditing; Working papers and audit evidence; Phases of audit work, risk assessment and internal control and Audit report