| Course Unit Code | 117-0321/08 |
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| Number of ECTS Credits Allocated | 5 ECTS credits |
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| Type of Course Unit * | Choice-compulsory |
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| Level of Course Unit * | Second Cycle |
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| Year of Study * | Second Year |
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| Semester when the Course Unit is delivered | Winter Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| HAK30 | Ing. Jana Hakalová, Ph.D. |
| Summary |
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| The aim of the course is the explanation of problems of auditing and auditing activities not only from the perspective of the accounting entity but also from the auditor's point of view. The issue is solved according to the applicable regulations in the Czech Republic and from the perspective of international auditing standards including theoretical and practical point of view. The students will obtain explanation of the basic terminology and the essence of auditing, the definition of legal regulation governing this issue, auditor's profile, methods and specific procedures including the practical application of acquired knowledge through case study solutions. |
| Learning Outcomes of the Course Unit |
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1. To characterize the importace of verifying the financial statements,
footnotes and annual report by auditor.
2. To describe the objectives of audit, users, auditor´s profile, auditor´s
communication with accounting entity.
3. To explain the process of audit and the individual phases the audit
process.
4. To solve the study cases and tests.
5. To evaluace the conclusions of audit.
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| Course Contents |
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1. Characteristics and requirements of financial statements and annual report.
2. Characteristics of audit and its importance, history of audit and legal regulation of audit work in the Czech Republic.
3. Act No. 93/2009 Coll., on auditors, as amended.
4. The Chamber of Auditors of the Czech Republic, Public Audit Oversight Board, Public interest entities, audit committee and others.
5. Auditor's personality profile and auditor's code of ethics.
6. Auditor's rights and obligations.
7. Auditor's communication with the accounting entity.
8. International auditing standards and their application.
9. Preparation of documents for auditing of the financial statements and annual report.
10. Audit process and its particular phases.
11. The auditor's specific procedures for the audit of financial statements and annual report.
12. Final procedures, auditor's report and audit opinion.
13. Case studies on the issue of auditing.
14. Practical aspects of auditing. |
| Recommended or Required Reading |
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| Required Reading: |
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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. |
ELLIOTT, Barry and Jamie ELLIOTT. Financial Accounting and Reporting. 20th ed. Harlow: Pearson, 2022. 832 p. ISBN 978-1-292-39980-5.
KOLEKTIV AUTORŮ. Meritum Účetnictví podnikatelů 2022. 19. vyd. Praha: Wolters Kluwer, 2022. 544 s. ISBN 978-80-7676-351-7.
MÜLLEROVÁ, Libuše a Vladimír KRÁLÍČEK. Auditing pro manažery aneb jak porozumět ověřování účetní závěrky statutárním auditorem. 4. vyd. Praha: Wolters Kluwer ČR, 2020. 240 s. ISBN 978-80-7598-907-9. |
| Recommended Reading: |
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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. |
KRYŠKOVÁ, Šárka. Nestátní neziskové organizace – právní úprava, účetnictví, audit, daně. 2. vyd. Praha: Leges, 2022. 304 s. ISBN 978-80-7502-610-1.
PILAŘOVÁ, Ivana. Účetní a daňové případy řešené v s. r. o. 6. vyd. Praha: Wolters Kluwer ČR, 2018. 197 s. ISBN 978-80-7598-022-9.
RŮČKOVÁ, Petra. Finanční analýza: metody, ukazatele, využití v praxi. Praha: Grada Publishing, 2021. 165 s. ISBN 978-80-271-3124-2. |
| Planned learning activities and teaching methods |
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| Lectures, Tutorials |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Exercises evaluation and Examination | Credit and Examination | 100 (100) | 51 |
| Exercises evaluation | Credit | 40 | 21 |
| Examination | Examination | 60 | 30 |