Publication in the Diário da República: Despacho nº 13772/2014 - 12/11/2014
6 ECTS; 3º Ano, 1º Semestre, 30,0 T + 30,0 PL , Cód. 905625.
Lecturer
- Daniel Ferreira de Oliveira (1)(2)
- Carla Maria Freitas dos Santos Joaquim (2)
(1) Lead Professor
(2) Teaching Professor
Prerequisites
There are no prerequisites formally defined.
However, a good command of accounting practices would be helpful.
Objectives
By the end of the module, students should be able to understand the role of financial auditing; be familiar with the legal, regulatory and professional framework governing auditing; understand the process of accepting an audit engagement, establishing terms of engagement and planning an audit; assess the internal control system; apply procedures for obtaining and documenting audit evidence; carry out audit procedures in specific areas of the financial statements; integrate relevant accounting aspects into the audit work; and make critical use of digital tools to support the audit.
Program
1. Introduction - Objectives of financial reporting and the need of auditing
2. Audit standards and audit profession
3. Commitment and planning of audit work
4. Internal control
5. Audit evidence
6. Audits to financial statements and other accountability documents
7. Accounting aspects to consider in audits to financial statements.
8. Digital tools to support audit work
Evaluation Methodology
1. Continuous assessment:
- Two tests (35% + 35% = 70%), with the minimum mark being an average of 8 marks across the two tests;
- Group written assignment using Artificial Intelligence (AI), followed by an oral presentation and discussion of the group work (30%) with a minimum mark of 10 marks;
- Students will pass if their final mark is 9.5 or above (weighted average).
- Mark defence: for a final mark above 16. Failure to attend will result in a mark of 16 being awarded
- The remaining students will be admitted to the examination
2. Non-continuous assessment
- Examination (regular sitting): Written test (70%) + Work completed as part of continuous assessment (30%), or optionally a written test 100%.
- Resit examinations and other examination periods: Written examination (100 per cent).
- Oral examination: for a final mark higher than 16. Failure to attend will result in a mark of 16 being awarded
Bibliography
- .Costa, C. (2023). Auditoria Financeira - Teoria e Prática. Lisboa: Rei dos Livros
- Costa, C. e Alves, G. (2011). Casos Práticos de Auditoria Financeira. Lisboa: Rei dos Livros
- IFAC, .. (2025). Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements . (Vol. I). New York: IAASB
Teaching Method
Comprehensive written examination for students failing continuous assessment covering all aspects of the programme.
Software used in class
Not applicable.
