CONTENTS
Internal and external auditing: objectives and features
Auditors: professional standars and legal liabilities
The ISAs and the regulatory framework
Materiality and risk
The system of internal auditing
The analysis tools and operational techniques for financial statement auditing
The process for external auditing : planning and audit sampling
The business cycles approach
The analytical review
The final report
Case studies

TEXTS
the new textbook will be comunicated at the first lesson.
Supplementary teaching materials provided by the teacher in the http://elearning.unich.it/
Articles of Journal of International accounting, auditing and taxation e del Journal of accounting and economics

TEACHING OBJECTIVES
The course aims to convey the knowledge of the general principles and contents of the activity of internal and external auditing, with particular reference to the approaches and techniques of financial statement auditing. Additional training objectives to be pursued through the analysis and discussion of case histories, relate to the ability to interpret business information and understand the methodologies for the identification and assessment of risks inherent to the intervention of the auditor.
KNOWLEDGE BACKGROUND
Knowledge of the fundamentals of business administration, accounting and financial statement