XAAC Audit and Controlling

Moravian Business College Olomouc
winter 2020
Extent and Intensity
1/2/0. 4 credit(s). Recommended Type of Completion: zk (examination). Other types of completion: z (credit).
Teacher(s)
Prof. Ing. Bohumil Král, CSc. (lecturer)
doc. Ing. Petr Novák, Ph.D. (lecturer)
doc. Ing. Petr Novák, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Petr Novák, Ph.D.
Moravian Business College Olomouc
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the course is to familiarize the students with the process of auditing, audit objectives and the auditing methods used. The students will also learn the importance of an external and internal audit as well as of controlling for an enterprise. The students will also get familiarized with the principles and rules of auditing and controlling departments in companies/institutions. Using case studies, the students will meet practical examples of auditing and controlling cases and learn how to solve them. The students will be introduced to the current trends in controlling and with the up-to-date practically-focused system of controlling that also offers a variety of synergy effects with auditing activities. After completing the course, the students will also be able to formulate related recommendations and suggestions for the company management.
Syllabus
  • 1. The basics of the audit - the definition, concept and activities of an internal audit
    2. International standards of the internal audit
    3. Audit procedures
    4. The definition, concept and activities of an external audit
    5. Phases of an external audit
    6. Audit of annual clearance accounts, financial statements and annual reports
    7. The definition, concept and tasks of controlling
    8. Interconnection and differences of controlling and an internal audit
    9. The basics of professional controlling
    10. Activities and work procedures in professional controlling
    11. Controlling of the strategic, operational and normative objectives
    12. Interconnection of controlling, the setup and implementation of controlling, development trends in controlling
    The course is based on the information-receptive method, reproductive method and the method of problem interpretation. The exercises are, in particular, based on the practical methods - solutions of practical exercises, case studies, calculations, demonstrations.
    The most important method used in the course is the dialogue.
Literature
    required literature
  • KERZNER, H. Project Management: A Systems Approach to Planning, Scheduling, and Controlling, 12th ed.. Wiley, 2017. ISBN 978-1119165354. info
  • TASCHNER, A. and M. CHARIFZADEH. Management and cost accounting: tools and concepts in an Central European context. Weinheim: Wiley-VCH, 2016. ISBN 978-3-527-50822-8. info
  • HAYES, R. S., J. C. A. GORTEMAKER a P. WALLAGE. Principles of auditing: an introduction to international standards on auditing. 3rd ed. Harlow. England: Prentice-Hall, 2014. ISBN 9780273768173. info
  • ATKINSON, A. A. Management accounting: information for decision making and strategy execution. 6th ed. Boston: Pearson, 2012. ISBN 978-0-273-76998-9. info
    recommended literature
  • International Standards on Auditing: IAASB. International Federation of Accountants [online], 2019. info
  • ARENS, A. A., R. J. ELDER and M. S. BEASLEY. Auditing and Assurance Services. 15th. ed. Person Global Edition, 2014. ISBN 978-0-273-79000-6. info
  • Havlíček, K. Small business: management & controlling. Kijv: Universitet Ukrajina, 2014. ISBN 978-966-388-494-3. info
  • SONGINI, L., A. PISTONI, CH. HERZIG. Accounting, auditing and managerial control for sustainability. Bingley: Emerald Group Publishing Limited, 2013. ISBN 978-1780527666. info
  • PARMENTER, D. Key performance indicators for government and non profit agencies: implementing winning KPIs. 1st. ed. Hoboken: Wiley, John Wiley & Sons, 2012. ISBN 978-0-470-94454-7. info
  • RUSSELL, J. P. The internal auditing pocket guide: preparing, performing, reporting, and follow-up. 2nd. ed. Milwaukee: ASQ Quality Press, 2007. ISBN 9780873897105. info
  • KAPLAN, R. S., S.R. ANDERSON. Time-driven activity-based costing: a simpler and more powerful path to higher profits. Boston: Harvard Business School Press, 2007. ISBN 978-1-4221-0171-1. info
  • KAPLAN, R. S., D.P. NORTON. Strategy maps: converting intangible assets into tangible outcomes. 1st ed. Boston: Harvard Business School Press, 2004. ISBN 1591391342. info
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
  • Enrolment Statistics (recent)
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