Principles of Auditing

The objective of the course is to acquire knowledge in the field of financial statement audit, as a prerequisite for expressing an auditor's opinion on the truthfulness and objectivity of financial statements. Students will became aware of the audit standards and the importance of the professional ethics of the auditor.

After successfully mastering the course, students will be able to:
• define and explain the role and purpose of auditing;
• carry out appropriate audit procedures;
• to express appropriate opinion based on the audit evidence in audit report form.

Theoretical training
• Introduction to financial statement audit;
• Theoretical basis for auditing;
• Professional ethics audit;
• Materiality and audit risk;
• Evidence in auditing;
• The audit process;
• Assessment of the reliability of internal controls;
• The impact of information and communications technology on the audit process;
• Implementation of an audit sample;
• Audit of financial statement positions;
• Final audit;
• Audit reports;
• Internal audit;
• Audit of the consolidated financial statement.
Practical training
• Case studies;
• Research study;
• Discussions.

Андрић, М., Крсмановић, Б., & Јакшић, Д. (2012). Ревизија – теорија и пракса. Бечеј: Пролетер.

Hayes, R., Schilder, A., Dassen, R., & Wallage, P. (2002). Принципи ревизије (Међународна перспектива). Бања Лука: Савез рачуновођа и ревизора Републике Српске.

Међународна федерација рачуновођа. (2007). Међународни стандарди и саопштења ревизије, уверавања и етике. Београд: Савез рачуновођа и ревизора Србије.

Knapp, M. (2013). Auditing cases. Australia: Cengage learning.

Lectures, interactive practical work, team work

Assessment (maximum number of points 100)
Exam Requirements	55 points	Final exam	45 points
Attendance	5	Written exam	45
Ongoing assessment	30	Oral exam
Class participation	10
Case study	10

 

Array, Array

Practice classes

• др Стеван Томашевић
• Марија Пјешчић
• Драгана Болесников