AUDITING
We suggest that you may have knowledge about Accounting and Financial Statements.There are no preliminary examinations.
At the end of the course, students will be able to:
‒ attain an updated framework regarding the applicable regulations applicable to Auditing in Italy;
‒ acquire the basic elements regarding the conditions for access to the Register of Statutory Auditors, as well as on the continuous training required to maintain enrollment;
‒ perceive the relevance of the principles of independence, as the foundation of the activity of the Statutory Auditor;
‒ recognize the Auditing Standards, as localized and applied in Italy, as the standards of behavior required in carrying out the Legal Audit;
‒ focus the content of the types of reports issued by the Auditor at the end of the activity carried out and the related professional standards of reference;
‒ frame Auditing in the Italian Public Oversight system, recognizing the powers and duties of MEF and Consob, as well as the disciplinary, civil and criminal responsibility of the Statutory Auditor
This course concerning Auditing aims to analyse the most updated legal and professional rules set out by the European and Italian law.
The course will be focused on the most relevant aspects of Auditing such as (i) the training and, more generally, the requirements to access the Auditing activity, (ii) features of the Audit Engagement (iii) structure and content of the main Professional Standards (ISAs), in force in Italy from January 2015 and subsequent amendments, (iv) issues concerning relations between the Auditor and the Italian Supervisory Authorities and (v) issues concerning the Auditor’s liability.
Moreover, the course will outline the progressive developments, provided by the Italian legislator, of the activities related to the broad category of assurance engagements, to which the Auditor’s activity on the financial statements belong as well.