Content, progress and pedagogy of the module

The module provides the student with the theoretical basis for performing audits of financial statements. The module starts with an overview and comparison between the Danish and international regulatory framework, including the statutory role of the auditor as the public trust representative. The regulatory framework represents the basis for performing audits according to the international standards on auditing (ISAs).

The module then concentrates on the relevant phases of the audit process, by identifying key concepts of risk and materiality, audit evidence and documentation, audit methods, quality management and control, internal control and internal audit, public audit, audit reports and auditors’ responsibilities and ethics. 

Learning objectives

Knowledge

The objective is that the student after the module possesses the necessary knowledge on:

• the theoretical basis of auditing and its basic concepts, principles and methods.
• practical approaches and auditing standards in relation to audit planning, risk and materiality, audit evidence and documentation as well as audit methods and evidence.
• applicable Danish and international regulations in relation to audit reports and auditors’ responsibilities and ethics.

Skills

The objective is that the student after the module possesses the necessary skills to:

• choose, combine and apply audit concepts, principles and methods of relevance to external collaborators in relation to specific audit issues.
• solve and reflect on specific audit tasks with the help of the subject's theory.
• explain the relevant Danish and international regulations.

Competences

The objective is that the student after the module possesses the necessary competences to:

• explain the conceptual framework for and the prerequisites for the audit of financial statements.
• identify, analyse, discuss and advise on general and specific issues related to the application of the international standards on auditing.
• reflect upon the auditors´ responsibilities and ethics in relation to the specific audit and assurance tasks and regulation.

Type of instruction

For information see § 17.

Exam

Exams