International Standards on Auditing (ISA-ES)
Code: 44443 ECTS Credits: 9| Degree | Type | Year | Semester |
|---|---|---|---|
| 4317517 Account Auditing and Accounting | OB | 0 | 1 |
Contact
- Name:
- Jordi Rizo Gubianas
- Email:
- jordi.rizo@uab.cat
Teaching groups languages
To check the language/s of instruction, you must click on "Methodolody" section of the course guide.
Teachers
- Xavier Sentis Ros
External teachers
- Antoni Puig Rimbau
- Felix Pedrosa
- Francesc Garreta
- Jordi Gual
- José Serrano
- Salvador Grabulos
Prerequisites
No requirement is necessary to take the course
Objectives and Contextualisation
- Know and know interpret the norms of financial information in general and, in concrete the relative to auditing.
- Know the Spanish and European rule in relation to the auditing of accounts.
- Analyse the International Standards on Auditing (ISA) and as they have adapted in Spain.
Learning Outcomes
- CA02 (Competence) Apply current national and international auditing standards to the context of business.
- KA04 (Knowledge) Identify the specific standards governing access to professional auditing.
- KA05 (Knowledge) Identify the responsibilities a statutory auditor may incur.
- SA04 (Skill) Determine the key aspects of an auditor's job regarding quality control and planning.
Content
SUBJECT 1.- Juridical frame of the Audit of Accounts
Aim: Analyse the Law of AuditING of Accounts:
1.- The Auditing of Accounts.
2.- The Auditor of Accounts. Who does it
3.- The CCAA. That reviews
SUBJECT 2.- International norms of Audit: general Principles and responsibilities
Aim:
- ISA 200: global Aims of the independent auditor and realisation of the audit of compliance with the ISA
- ISA 210: Agreement of the terms of the commission
- ISA 220: Control of quality of the audit of financial states (norm adapted of control of internal quality)
- ISA 230: Documentation of audit
- ISA 240: Responsibilities of the auditor in audit of financial states regarding the fraud
- ISA 260: Communication with the managers of the government of the entity
- ISA 265: Communication of the deficiencies in the Internal Control to the managers of government of the entity
SUBJECT 3.- International norms of Audit: Planning, evaluation of the risk, answer to the risks evaluated, organisations of services and evaluation of mistakes
Aim:
- ISA 300: Planning of the audit of financial states
- ISA 315: Identification and mesurament of the risks of material mistake by means of the knowledge of the entity and his surroundings.
- ISA 330: Answers of the auditor to the risks valued
SUBJECT 4.- International norms of Audit: Planning, evaluation of the risk, answer to the risks evaluated, organisations of services and evaluation of mistakes and evidence of audit
Aim:
- ISA 250: Consideration of the legal and statutory disposals in the audit of financial states.
- ISA 402: Considerations of relative audit to an entity that uses an organisation of services
- ISA 500: Evidence of auditing
- ISA 501: Evidence of auditing- considerations specify for determinate areas.
- ISA 505: external Confirmations
- ISA 510: opening Balances
- ISA 520: analytical Procedures.
- ISA 580: Demonstrations written
SUBJECT 5.- International norms of Audit: Planning, evaluation of the risk, answer to the risks evaluated, organisations of services and evaluation of mistakes and evidence of audit
Aim:
- ISA 320: relative Importance in the planning and execution of the audit.
- ISA 540: Audit of countable estimates, included the ones of the reasonable value and of the information related to relieve.
- ISA 550: Parts linked
- ISA 560: back Facts to the closing
- ISA 570: Company in operation
SUBJECT 6.- International norms of Audit: Evidence of audit
Aim:
- ISA 530: Sampling of audit
- ISA 610: Utilisation of the work of internal auditors
- ISA 620: Utilisation of the work of an expert of the auditor
Methodology
The educational methodology will be based in a combination of three types of activities:
- Activity directed: theoretical classes
- Activity supervised: consistent in the realisation of tutorial programme and the realisation of exercises
- Autonomous activity that divides in two parts:
* Part of study by part of the student (readings, research of information, etc).
* Autonomous activity in group devoted to the research of data and preparation of a report on the information that provides the memory of the annual accounts. Presentation and debate.
"The proposed teaching methodology may undergo some modifications according to the restrictions imposed by the health authorities on on-campus courses".
The tutorial could be in a a seminary or on line
Annotation: Within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.
Activities
| Title | Hours | ECTS | Learning Outcomes |
|---|---|---|---|
| Type: Directed | |||
| Theoretical classes | 43 | 1.72 | CA02, KA05 |
| Type: Supervised | |||
| Tutorial practicals cases | 10 | 0.4 | CA02 |
| Type: Autonomous | |||
| Study of regulations | 140 | 5.6 | CA02, KA04 |
| Written report | 30 | 1.2 | SA04 |
Assessment
The system of evaluation divides in 3 modalities:
- Presentation of practical cases: 40%
Realisation of diverse exercises during the subject and a global exercise that will deliver the last week before the final proof.
- Participation and assistance in class: 10% (minimum assistance 75%)
- Final exam 50%
The final exam will make to finals of January once finalised the regular classes.
Minimum note in the examination: 4 points (on 10 points)
Process of Recovery
"To participate in the process of recovery the students has to have been previously evaluated in a group of activities that represent a minimum of two third parts of the total qualification of the subject or module." Section 3 of the Article 112 ter. The recovery (Academic Rule UAB). The and the students have to have obtained a half qualification of the subject between 3,5 and 4,9. The proof of recovery will effect between 15 and 20 days after the final proof.. The student that present and surpass it will approve the subject with a note of 5. In contrary case will keep the same note.
Irregularities in acts of evaluation
Without prejudice to other disciplinary measures that estimate timely, and in accordance with the normative valid academician, "in case that the student make any irregularity that can drive to a significant variation of the qualification of an act of evaluation, will describe with a 0 this act of evaluation, with independence of the disciplinary process that can instruct . In case that produce diverse irregularities in the acts of evaluation of a same subject, the final qualification of this subject will be 0". Section 10 of the Article 116. Results of the evaluation. (Academic ruleUAB)
"The proposed evaluation activities may undergo some changes according to the restrictions imposed by the health authorities on on-campus courses."
Comprehensive evaluation
Studentsare entitled to request a comprehensive evaluation.
By requesting the comprehensive evaluation the student waives the option of continuous evaluation.
Students may continue to go to class even though they have opted for single assessment. For some ofthese classes attendance may, in fact, be obligatory.
The comprehensive evaluation must be requested at the Academic Management (coordination equip). The request must be filed according to the procedure and the deadline established by the administrative calendar of the FUAB (the coordination equip will inform at the begin of the course about the deadline established).
The comprehensive evaluation consists of an exam on the content of the entire course, theoretical and practical, which will account for 100% of the final grade. The exam has a duration of four hours. This activity will be carried out in person.
Student attendance is mandatory on the day of the comprehensive assessment. The date will be the same as that of the final exam of the semester as per the evaluation calendar published by the coordination Committee.
For the retake procedure, no distinction is made between students who have followed the continuous evaluation and those who have opted for the comprehensive evaluation. All will be re-assessed using the same test or evaluation evidence.
The review of the final qualification will follow the same procedure as for the continuous evaluation.
Assessment Activities
| Title | Weighting | Hours | ECTS | Learning Outcomes |
|---|---|---|---|---|
| Assistance and participation | 10% | 0 | 0 | KA04 |
| Exams | 50% | 2 | 0.08 | CA02, KA05, SA04 |
| exercises presentation | 40 | 0 | 0 | CA02, SA04 |
Bibliography
International norms of Audit
Software
- EXCEL
- SABI DATA BASE