Auditing

ERASMUS COURSE OUTLINE

AUDITING

Assistant Professor Dimitrios Charamis (dcharamis@uniwa.gr)

Course Aim

The course aims to introduce students to the core concepts and processes of financial statement auditing, including the informative value of audits, the role of Certified Public Accountants (CPAs), and the various types of audits they perform. Students will also gain an understanding of auditing standards and the ethical principles that guide auditors.

Learning Outcomes

Upon successful completion of the course, the students will be able to:

• Understand the nature and importance of auditing practice.
• Recognise the institutional framework related to the audit profession.
• Distinguish the various types of audits and audit-related services and their characteristics and evaluate the appropriateness of different audit procedures.
• Analyse and evaluate the quality of audit evidence and its sufficiency.
• Understand the core concepts related to the audit process.

Course Contents

1. Nature and Objectives of auditing.
2. Historical development and organisation of the audit profession.
3. Professional services provided by CPA’s.
4. International Auditing Standards.
5. Social Responsibility and Code of Conduct for CPA’s.
6. Audit documentation.
7. Outline of the audit process.
8. Internal Control and the COSO framework.
9. The concept of «Materiality».
10. Test of details of balances.
11. Audit sampling.
12. Final procedures for completing the audit.
13. Types of Audit Reports.

Student Performance Evaluation

Essay: 50%.

Final Exams (multiple-choice questions): 50%.