Ateneo - UPO

The course aims’ is to provide the basics of the
auditing focused on the comprehension of the auditing process and of the
procedures that characterized it, in particular on .
In support of the lessons the course offers exercises, case studies and
discussions with experts.
The objective of the second part of the Internal Controls and External
Audit course is to provide the fundamentals of Internal audit and Audit in
order to ensure an understanding of the auditing process and the related
procedures, particularly in terms of application. Specifically, the aim is to
explore:
• the purpose and differences of controls in general, and, more
specifically, of Internal Audit and External Audit activities
• an understanding of the auditing standards and techniques applicable
to the key financial statements captions of industrial and commercial
companies
• an understanding of the types of opinion on the financial statements as
provided by generally accepted auditing standards and, for listed
companies, Consob, the Italian Commission for listed companies and the
stock exchange

Coursebook
Revisione legale dei conti
IPSOA In Pratica
Handout
Material presented in class
Additional material (optional)
The accounting standards promulgated by the Consiglio Nazionale dei
Dottori Commercialisti e degli Esperti Contabili (the Italian Accounting
Profession)
The auditing standards issued by the Italian Accounting Profession
(“Italian GAAS”)

The course aims’ is to provide the basics of the
auditing focused on the comprehension of the auditing process and of the
procedures.
In support of the lessons the course offers exercises, case studies and
discussions with experts.
The objective of the course is to provide the fundamentals of the Auditing in
order to ensure an understanding of the auditing process and the related
procedures, particularly in terms of application. Specifically, the aim is to
explore:
• the purpose and differences of controls in general, and, more
specifically, of the Audit activities
• an understanding of the auditing standards and techniques applicable
to the key financial statements captions of industrial and commercial
companies
• an understanding of the types of opinion on the financial statements as
provided by generally accepted auditing standards and, for listed
companies, Consob, the Italian Commission for listed companies and the
stock exchange

None. Students who attend the course must know the theoretical framework and the basic terminology of the accounting. It is therefore desirable that students have already attended the accounting course.

The course includes a total classroom commitment of 45 hours equivalent to 6 training credits. The activities outside the classroom will consist of the study, possibly in advance, of the lessons indicated in the course analytical program and the group work which will be presented in class.

Course attendance is optional but recommended as case studies will be presented, experts will be invited to speak and workshops will be conducted. All the above activities facilitate students learning. The professor will be always available for students by e-mail (silvia.rimoldi@uniupo.it) and in person at the end of each lesson or weekly by appointment.
- Students with physical disabilities, Learning Disabilities or Special Education Needs can request specific services and tools via the Staff Sviluppo e Coordinamento Carriere e Servizi alle Studentesse e agli Studenti, consulting the University webpage: https://www.uniupo.it/en/services/servicesstudents- physical-or-learning-disabilities Students with disabilities, learning disabilities or special education needs, once they have contacted the University Staff, can refer to the tutor in charge of the course to define the examination modalities, concerning academic aspects. When dealing with ESG aspects and the sustainability objective, the importance of good corporate governance will be highlighted in the various profiles, including gender equality.

the evaluation of the students includes a final exam in written form that must be taken at the end of the course.

Auditing principles applicable for the execution of auditing activities.
Phases of the auditing process
Comprehension of the enterprise in this context and the valuation of the internal controls system (risk based approach)
The concept of the relevance
The determination of the auditing risk
The sample tecniques
Audit procedures: control testing and test of details on the principal company cycles (sales, purchases, inventory, investment, intangibles and fixed assets), the documentation of the audit work, the quarterly checks of the accounting, first engagements, the companies obliged for the audit, the management assertions and the conclusion of the work and the completion of the audit and the final report.
Integration to the gender dimension. The course pays attention to the topis of gender integration. In order to create an opportunity for concrete debate on the topic of gender equility, a specif session of the course is dedicated to the activities the auditing firms are implemented in favour of more women presence.

Ability to apply knowledge and understanding.
The knowledge acquired during the course must allow the student to use the skills and competences discussed both at a theoretical level by studying the reference models and at an application level through the dialectics set up in lessons with the professor and with company guest speakers. In particular, the student - through planning, processing and when possible interviewing the Auditing of the chosen company and presentating the group work - will have the opportunity to acquire the technical-economic language of the subject.

2. Making judgments.
The course will allow the student to develop independent judgment on the topic studied as it will enable the student to express considerations and reflections with reference to: 1) the cases studied in class with the support of the textbook and with the opportunity to dialogue with the companies guest speakers; 2) the exploration of the ICS/ERM systems structured by the company chosen as the target of the group work.
3. Communication skills.
Based on the knowledge acquired, the student will be able to develop communication and relational skills useful for consciously carrying out the typical activities of the role of Internal Auditor in the future

4. Learning skills.
The course will allow the student to understand company dynamics from the Internal Auditor point of view that is using the tools and models typical of the Internal Audit discipline.