International Auditing Standards

Content

Objective

This doctoral course is primarily focused on the external audit of corporate financial statement, professional ethics, and legal liabilities. The seminars presented are structured to correspond with auditing process in theory and practice, and integrate International Standards in Auditing. The course will also provide the student with the opportunity to identify and develop a research topic, define a research problem, describe the purpose of the research study, and establish associated research questions.

Course Content

1. Introduction to Financial Accounting and Auditing Theory
2. Overall Objectives of the Independent Auditor
3. Quality Control for an Audit of Financial Statements
4. General Principles and Responsibilities
5. Risk evaluation
6. The Auditor's Responses to Assessed Risks
7. External Confirmations
8. Analytical Procedures
9. Using the Work of an Auditor's Expert
10. Forming an Opinion and Reporting on Financial Statements
11. Clarity Project
12. Critical Perspectives of Auditing
13. Research Methods in Auditing

Course Learning Outcomes

At the end of the course, the student will be able to,
1. Understand the role of accounting and auditing in a free market economy.
2. Understand the theoretical foundation drawn from the academic literature
3. Know about the major themes and methodologies of contemporary empirical financial auditing research
4. Demonstrate the ability to conduct research in auditing.
5. Design efficacious and ethical research that addresses identified gaps in the body of knowledge in auditing and related sub-fields.

References

International Auditing and Assurance Standards.

Deegan, Craig and Jeffrey Unerman, Financial Accounting Theory, European Edition, Mc Graw Hill, London, 2006.