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Terminated in academic year 2011/2012

Audit in accounting

Type of study Follow-up Master
Language of instruction Czech
Code 117-0321/04
Abbreviation AU
Course title Audit in accounting
Credits 3
Coordinating department Department of Accounting and Taxes
Course coordinator Ing. Jana Hakalová, Ph.D.

Subject syllabus

1. Characteristics of the audit and its importance
- Classification according to various aspects of the audit,
- External and internal audit and their mutual relationships,
- Concepts and definitions of the various audit,
- Auditing the accounts.
2. The history of auditing and auditing legislation in Czech Republic
- Act No. 93/2009 Coll. Auditors, as amended,
- Conditions for the provision of audit services,
- Audit test,
- Method of providing audit services,
- Rights and responsibilities of auditors and audit firms,
- The Chamber of Auditors (function and a list of activities provided by the
Chamber of Auditors).
- Council for public oversight of audit, the Audit Committee, public interest.
3. Personality Profile auditor
- Code of Ethics Auditor,
- Maintaining ethical standards in all activities,
- The auditor's objectivity and due care in the conduct of business,
- Professional qualifications of the auditor and its maintenance,
- Compliance with laws and professional auditing standards and regulations,
- Confidentiality auditor on matters identified in the course of action,
- Auditor independence,
- Restrictions on other activities Auditor,
- Ways of promoting and attracting clients,
- Relations with other auditors,
- Auditor's remuneration.
4. List of international auditing standards and their application to the financial
statements and annual reports.
5. Preparation of documents for auditing the financial statements and annual reports
- Financial statements (balance sheet, profit and loss account and annex) and the
Annual Report,
- Financial documents, documents and other evidence.
6. The audit process and its phases
- The various stages of audit and specific audit procedures to audit the financial
statements and annual report.
7. The auditor's report and auditor's report
- Final evaluation of the audited entity's auditor,
- Particulars of the auditor's report and auditor types,
- Communication with the entity's auditor.

Literature

DRURY, Coli. Management and Cost Accounting. United Kingdom: Cengage Learning EMEA, 2015. 816 p. ISBN 978-1-4080-4180-2 .
ELLIOTT, Barry and Jamie ELLIOTT. Financial Accounting and Reporting. 16th ed. Harlow: Pearson, 2013. 877 p. ISBN 978-0-273-77817-2.
GRAY, I., S. MANSON and L. CRAWFORD. The Audit Process: Principles, Practice and Cases. 6th ed. Andover: Cengage Learning EMEA, 2015. 832 p. ISBN 978-8-4080-8170-9 .

Advised literature

BIERMAN, Harold. Accounting/finance lessons of Enron. A case study. Singapore: Wordl Scientific Publishing Co. Pte. Ltd., 2008. 204 p. ISBN 978-981-279-030-9.
BIERMAN, Harold. An introduction to accounting and managerial finance: a merger of equals. Singapore: Wordl Scientific Publishing Co. Pte. Ltd., 2010. 393 p. ISBN 978-981-427-382-4.
BRIGHAM, Eugene F. and Michael C. EHRHARDT. Financial management: theory and practice. 14th ed. Mason: South-Western Cengage Learning, 2014. 544 p. ISBN 978-1-111-97220-2.