Publication in the Diário da República: Despacho n.º 10361/2016 - 17/08/2016
5 ECTS; 1º Ano, 1º Semestre, 30,0 TP , Cód. 39251.
Lecturer
- Daniel Ferreira de Oliveira (1)(2)
(1) Lead Professor
(2) Teaching Professor
Prerequisites
There are no specific entry requirements. However, it is important that students have a good grasp of auditing and accounting.
Objectives
This module aims to provide students with a sound understanding of national and international auditing standards and of the procedures to be followed by auditors in each circumstance, in order to obtain appropriate and sufficient audit evidence to support their opinion.
To this end, the aim is to equip Masters students with a reasonable understanding of the audit process and the necessary skills to enable them to survey and assess the internal control system, evaluate existing risks, define materiality thresholds, draw up the overall audit plan, master the techniques generally adopted to obtain audit evidence, draw appropriate conclusions and assess their potential impact on the auditors report.
Masters students should become aware of the importance of auditing in ensuring the credibility of financial information in the eyes of the various stakeholders.
Program
1- Audit of the company
2- Audit of financial statements
3- Ethics and professional conduct in auditing
4- Engagement and planning of an audit
5- Audit evidence
6- Audit sampling
7- Internal control
8- Non-financial investments
9- Financial investments and investment properties
10- Equity
11- Financial liabilities
12- Conclusion of the audit work
13- Audit reports
Evaluation Methodology
1. Continuous assessment:
- Two written tests, each accounting for 50 per cent of the mark;
- Students will pass if their final mark is 9.5 or above (weighted average).
- Mark defence: for a final mark higher than 16. Failure to attend will result in a mark of 16 being awarded
- All other students will be admitted to the examination
2. Non-continuous assessment
- Examination (regular sitting): Written test 100%.
- Resit examinations and other examination periods: Written examination (100 per cent).
- Oral defence: for a final mark higher than 16 marks. Failure to attend will result in a mark of 16 being awarded
Bibliography
- Batista da Costa, C. (2019). Auditoria Financeira - Teoria e prática . (Vol. 1). Lisboa: Rei dos Livros
- Hogan, C. e Beasley, M. e Elder, R. e Arens, A. (2023). Auditing and assurance services. (Vol. 1). England: Pearson Education
- IAASB e IFAC, .. (2025). 2025 Handbook of International Quality Management, Auditing, Review, Other Assurance, and Related Services Pronouncements. (Vol. I). New York: IAASB
- Machado de Almeida, B. (2022). Auditoria Financeira - Uma análise integrada baseada no risco. (Vol. 1). Coimbra: Escolar Editora
Teaching Method
Theoretical and practical classes, in which theoretical concepts are explained and the application of fundamental principles is illustrated.
Students are encouraged to study international auditing standards in greater depth, for presentation and disc
Software used in class
