Key words
Objectives
This course aims at providing insight into the audit of an annual statement of account. First, there is a general survey of what an audit is. Then, we study the Belgian rules and regulations governing the professions of company auditor and accountant as well as the laws and regulations regarding audit strategy for a single annual statement of account to provide insight into the importance of an internal auditing system, the generally accepted audit standards and the significance of materiality and audit risk. You will moreover learn about audit procedures and assembling an audit file. You will learn to know, understand and interpret the terms used in audit reports.
Topics
- Introduction
- Professional rules and regulations
- Laws of control and duty of registration of the company
- Study of the audit strategy: how to set up an intern control system, generally accepted rules of control, materiality and control risk, methods of control, how to make a control file, objectives of control, activities of control, the control report
Prerequisites
General bookkeeping and bookkeeping of corporations.
Final Objectives
Materials used
Textbook: "Controleleer, expertise, deontologie".
Where necessary reference is made to the Recommendations of the Commission for Professional periodicals.
Study costs
Textbook 20
Study guidance
Feedback on the problems in a class discussion or looking for individual solutions for the student after class.
Teaching Methods
Interactive descussions and a practical approach, using the annual statement of account of a company, taking into consideration the firm's business activities and its inherent risk. All practical exercises and its inherent risk. All practical exercises and cases are first introduced and explained to the entire class. Then, discussion of answers and solutions.
Assessment
First exam session: 100 % written exam
Second exam session: 100 % written exam
Examination Board Flemish Community (ditto regular student)
Lecturer(s)
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