ECTS - University of Pisa
Scheda programma d'esame
AUDITING AND MANAGEMENT CONTROL
FEDERICA DE SANTIS
Academic year2023/24
CourseMANAGEMENT FOR BUSINESS AND ECONOMICS
Code535PP
Credits9
PeriodSemester 2
LanguageEnglish

ModulesAreaTypeHoursTeacher(s)
AUDITING AND MANAGEMENT CONTROLSECS-P/07LEZIONI63
NICOLA GIUSEPPE CASTELLANO unimap
FEDERICA DE SANTIS unimap
Programma non disponibile nella lingua selezionata
Learning outcomes
Knowledge

This course provides the knowledge of principles, standards and techniques of auditing and management control. In the first part of the course the emphasis is on conceptual, theoretical and practical aspects of auditing financial statements. The second part develops the conceptual and practical aspects of organizations' management control systems.
Assessment criteria of knowledge

Written preselected test (using the website test.ec.unipi.it) and oral exam.
Skills

Upon completion of this course, students will be able to apply professional auditing standards and appropriate audit and other procedures to financial statement auditing and to analyze and develop organization's management control system.
Assessment criteria of skills

Written preselected test (using the website test.ec.unipi.it) and oral exam.
Behaviors

Those students desiring a career in assurance services will have the essential background to conduct financial statement auditing. In addition, those students desiring a career in management control systems will have the essential background to analyze and design the budgeting system and the reporting processes
Assessment criteria of behaviors

Written exam.
Prerequisites

Knowledge of the fundamental of financial accounting.
Syllabus

The course is divided in two parts. The first one refers to the analysis of the financial statement auditing activities and of the main components of internal control and risk management systems. The second concerns the analysis of management control systems and of its main tools and processes.

In the auditing part, the topics analyzed are:

  • Auditing and assurance services
  • Professional standards
  • Engagement planning
  • The audit risk model and the inherent risk assessment
  • Risk assessment: internal control evaluation
  • Employee fraud and the audit of cash
  • Revenue and collection cycle
  • Acquisition and expenditure cycle
  • Production cycle and the audit of inventory Finance and investment cycle
  • Completing the audit
  • Reports on audit financial statement Internal auditing

In the management control part, the topics analyzed are:

  • Introduction to management control systems
  • Responsibility centres
  • Budgeting and forecasting
  • Financial and non-financial performance measurement systems
  • Risk management systems
Bibliography

D’Onza, Rakipi – AUDITING AND MANAGEMENT CONTROL – ISBN 9781307674446
Assessment methods

Written preselected test (using the website test.ec.unipi.it) and oral exam
Updated: 29/05/2024 11:55