Advanced Auditing – 9 cfu

ADVANCED AUDITING

Prof.  DEVALLE

devalle@econ.unito.it

Program

  1. ITALIAN CORPORATE GOVERNANCE
    1. The structure of the boards
    2. The internal control system
    3. The role of the board of statutory auditors
    4. The role of the external auditing firm
    5. The Italian code of best practice (Preda Code)
      1. The composition of the board of directors
      2. The remuneration committee
      3. The internal control committee
      4. The nomination committee
      5. The Independent directors
    6. Case Studies
  2. ASSURANCE ENGAGEMENTS
    1. Engagement acceptance
    2. Purpose of engagement
    3. Independence
    4. Engagement letter
    5. Performance of assurance engagement
      1. Planning the engagement
      2. Assessing the appropriateness of the subject matter
      3. Assessing the suitability of the criteria
      4. Materiality and assurance engagement risk
      5. Obtaining an understanding of the subject matter
      6. Involvement of experts
      7. Sufficient appropriate evidence
      8. Subsequent events
      9. Letter of representations
    6. Reporting
  3. GROUP AUDITS AND CONSOLIDATED FINANCIAL STATEMENTS
    1. Primary auditor
    2. Secondary auditor (another auditor)
    3. Engagement instructions
    4. Reporting package
    5. Report to primary auditor