Опис курсу

Subject of the Academic Discipline

Formation of students’ basic theoretical knowledge and practical skills in applying international auditing standards.

Purpose of the Academic Discipline

To teach students how to correctly apply theoretical knowledge in organizing auditing activities in Ukraine and globally, implement methodologies for conducting audits in practice, summarize audit results, and perform financial statement reviews, specialized audit types, and auditing services.

Main Objectives

• Mastering the theoretical foundations of auditing as independent financial control in Ukraine.
• Studying regulatory acts governing auditing activities in Ukraine and the EU.
• Understanding the specifics of public oversight of the auditing profession.
• Applying the Code of Ethics for Professional Accountants.

Place of the Discipline in the Structure of Bachelor’s Training

The study of this discipline is based on knowledge of accounting, business analysis, introduction to the profession, and the history of accounting development.

Competencies, Knowledge, and Skills Requirements

Upon completing this course, students should acquire the following competencies:

General Competencies:

• GC01. Ability to learn and master modern knowledge.
• GC02. Ability for abstract thinking, analysis, and synthesis.
• GC03. Ability to work in a team.
• GC04. Ability to work autonomously.
• GC07. Ability to be critical and self-critical.
• GC08. Knowledge and understanding of the subject area and professional activities.
• GC09. Ability to communicate in the state language both orally and in writing.

Special Competencies:

• SC03. Ability to reflect business transactions in financial and managerial accounting, systematize and summarize them in reports, and interpret them for decision-making purposes.
• SC06. Ability to perform accounting procedures using information systems and computer technologies.
• SC07. Ability to apply audit methodologies and assurance services.
• SC08. Ability to identify and assess risks related to business objectives, regulatory compliance, financial statement accuracy, and resource management.
• SC09. Ability to conduct external and internal business control and ensure compliance with accounting and taxation regulations.
• SC10. Ability to apply ethical principles while performing professional duties.

Learning Outcomes

Upon completion of the “Financial Analysis” discipline, students should:

a) Know:

• Basic terms and definitions of international auditing standards and the Code of Ethics for Professional Accountants.
• Classification and list of international auditing standards.
• Key provisions of international auditing standards (ISA).
• Subject area and understanding of the auditor’s professional activities.
• International Standards on Review Engagements (ISRE).
• International Standards on Assurance Engagements (ISAE).
• International Standards on Related Services (ISRS).
• International Standards on Quality Control (ISQC).

b) Be able to:

• Apply international auditing standards in external audits.
• Use methodological techniques and audit verification methods according to international auditing standards.
• Work in a team.
• Solve complex practical problems in auditing using international standards.
• Apply ethical principles during audits.
• Independently plan and document audit processes in compliance with international standards.

Program Learning Outcomes

• PLO01. Understand economic categories, laws, and causal-functional relationships between processes and phenomena at different levels of economic systems.
• PLO02. Comprehend the role and significance of accounting, analytical, control, tax, and statistical systems in providing information for solving business, social, economic, and environmental issues.
• PLO05. Master methodological tools for accounting, analysis, control, auditing, and taxation of business activities.
• PLO06. Understand the practical implementation of accounting, analysis, control, auditing, and taxation in enterprises with different ownership forms and economic activities.
• PLO08. Understand the organizational and economic mechanisms of enterprise management and evaluate decision-making effectiveness using accounting and analytical data.
• PLO09. Identify and assess business risks.
• PLO10. Understand theoretical auditing principles and apply its methods and procedures.

Course Content by Topics