This module provides a continuation for the intensive conceptual and applied introduction to Auditing I. The module provides the student with the advanced topics for performing audits of financial statements and for other assurance engagements. The Danish and international regulatory framework represents the basis for performing audits according to the international standards on auditing (ISAs).
The module then concentrates on the audit of sales, cash receipts, and the related income statement and balance sheet accounts. The appropriate audit procedures for accounts in the sales and collection cycle are related to internal control and audit objectives for tests of controls, substantive tests of transactions, and tests of details of balances. The student also learns to apply audit sampling to the audit of sales, cash receipts, and accounts receivable as the module covers performing additional tests to address presentation and disclosure objectives, summarising audit tests, reviewing audit documentation, and communicating with those charged with governance, and all other aspects of completing an audit.
The module also concentrates on the auditors´ liabilities (e.g. liability to pay damages, criminal liability, and disciplinary liability), which are related to the management (and company) liability.
The objective is that the student after the module possesses the necessary knowledge on:
The objective is that the student after the module possesses the necessary skills to:
The objective is that the student after the module possesses the necessary competences to:
For information see § 17.
|Name of exam||Advanced auditing|
|Type of exam|
Oral exam based on a projectGroup examination with max. 5 students.
|Assessment||7-point grading scale|
|Type of grading||External examination|
|Criteria of assessment||The criteria of assessment are stated in the Examination Policies and Procedures|
|Danish title||Revision 2|
|Language of instruction||Danish|
|Location of the lecture||Campus Aalborg|
|Responsible for the module|
|Study Board||Study Board of Auditing|
|Department||AAU Business School|
|Faculty||The Faculty of Social Sciences|