The course is intended to provide students with adequate theoretical preparation for practicing as auditors and/or for conducting audits as part of the independent practice of Certified Public Accountants. It constitutes a useful enrichment for any student who intends to engage in professions with an economic-business content since it deals not only with "what" the independent auditor "must" do, but also with "how" to do it, that is, with what "tools" (technical, procedural and deontological) and combines theoretical exposition with numerous practical examples and exercises.

Part One

1. Statutory audit in Italy: historical origins, European developments.

2. The legal foundations of the legal audit in Italy: the Legislative Decree 27/01/2010 n.39 and subsequent additions/amendments.

3. CONSOB.

4. The statutory financial statements and its audit: truth, reliability, regularity of the statutory financial statements and means to achieve it; statutory financial statements and censurable facts; hints on the role of national and international IAS/IFRS generally accepted accounting standards in the audit process. European statutory audit reform.

5. Auditing standards and national and international auditing standards, purpose: the new ISA ITALIA 2015 Auditing Standards. Ethical-professional standards, technical standards for conducting the audit, standards for drafting the audit opinion on the financial statements. The quality of the statutory audit and its control.

6. The auditor: natural person auditor and auditing firm. Professional requirements. The auditor's legal and professional independence, competence and professional diligence. The auditor's civil and criminal liability.  

Part Two

1. Auditing and management auditing.

2. The appointment of the auditor.

3. The organization of auditing: planning, scheduling, goals, the concept of "significance" and "audit risk"; assessment of auditing risks; auditing errors; quality control.

4. Analysis and assessment of internal control system.

5. Auditing documentation: auditing working papers (form, organization, content).

6. The auditing flowchart.

7. Conducting the auditing process, audit procedures, control and substantive tests. Sampling methods.

8. The model of the company according to operating cycles; how to audit; auditing business cycles; auditing the purchasing cycle, sales cycle, fixed asset cycle, and inventory cycle; hints on auditing other cycles.

9. Auditing and EDP.

10. Audit reports types and format.

11. The effects of auditor's opinion; law effects (including tax effects), procedural effects, substantive effects.

12. The “state of the art” in Italy. Perspectives and future development of auditing.

Part three

1. Auditing as a tool for certified public accountants; liability restructuring and arrangement plans under the bankruptcy law.

2. Auditing and the functions of the Board of Statutory Auditors.

3. Relationships between Boards of Statutory Auditors and Auditing.

4. The functions of the Statutory Board of Auditors, constraints and opportunities in light of recent regulatory developments.

Accounting and Business Adiministration 1

- Knowledge and understanding: at the end of the course students have acquired the knowledge of the purpose, object, and manner of conducting auditing, the rules governing the auditing profession, and the technical, procedural, and ethical tools typical of the profession;

- Applying knowledge and understanding: students acquire the ability to use the acquired knowledge to evaluate financial statements and verify the existence of the requirements of truth, reliability, regularity, as well as to apply auditing procedures and techniques;

- Making judgments: students acquire the ability to connect in integrated and unified schemes the knowledge acquired during the course and to deal with typical audit issues independently and with one's own judgment;

- Communication: students acquire clear and effective communication skills through a good command of vocabulary related to audit and auditing issues;

- Life-long learning skills: students acquire a good learning ability that also allows one to deal independently with the study of topics related to national and international auditing standards and auditing standards, purposes, ethical-professional standards, technical standards for the conduct of auditing, and standards for drafting the audit opinion on financial statements.

The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

1. Practical exercises of auditing in local companies.

2. Lectures on topics addressed in the course.

3. Comments of articles published in Il Sole 24Ore.

Teaching

Frontal lessons

Attendance

Attendance is not compulsory but strongly reccomended.

Course books

- Riccardo Bauer, La revisione legale, Maggioli Editore, ultima edizione;

- Leonardo Cadeddu e Antonella Portalupi:”La Revisione Lgale dei Conti” Ed. Gruppo 24 Ore, ultima edizione;

- Fabrizio Bava, Alain Devalle, La relazione degli organi di controllo al bilancio, Edizione Euroconference, ultima edizione;

- Materiale che verrà reso disponibile durante il corso dal docente.

TESTI DI CONSULTAZIONE:

- Alberto Pesenato, Manuale di Revisione contabile. La revisione contabile per imprese industriali, commerciali e PMI: verifiche, controlli e relativi verbali – Edizione Ipsoa (ultima)

- Antonio Cavaliere, Manuale pratico di revisione legale dei conti, Edizione Maggioli

Assessment

Final oral exam to test auditing knowledge, ability to use the acquired knowledge and ability of making independent judgment. 

Disabilità e DSA

Le studentesse e gli studenti che hanno registrato la certificazione di disabilità o la certificazione di DSA presso l'Ufficio Inclusione e diritto allo studio, possono chiedere di utilizzare le mappe concettuali (per parole chiave) durante la prova di esame.

A tal fine, è necessario inviare le mappe, due settimane prima dell’appello di esame, alla o al docente del corso, che ne verificherà la coerenza con le indicazioni delle linee guida di ateneo e potrà chiederne la modifica.

Teaching

Individual study on textbooks and readings indicated by the teacher.

Course books

For non-attending students, the same guidelines apply as for attending students.

Assessment

For non-attending students, the same guidelines apply as for attending students.

Disabilità e DSA

Le studentesse e gli studenti che hanno registrato la certificazione di disabilità o la certificazione di DSA presso l'Ufficio Inclusione e diritto allo studio, possono chiedere di utilizzare le mappe concettuali (per parole chiave) durante la prova di esame.

A tal fine, è necessario inviare le mappe, due settimane prima dell’appello di esame, alla o al docente del corso, che ne verificherà la coerenza con le indicazioni delle linee guida di ateneo e potrà chiederne la modifica.