21036 Advanced Auditing (Aalto), 6 cr
Fundamental questions and major themes in auditing research and practice are presented and discussed by the use of academic research studies and real-life cases. These themes include preconditions for an audit and the audit environment, objectives and demand for auditing, audit reporting, fundamental concepts, such as risk, auditing and corporate governance. The issues are discussed from regulatory as well as theorethical perspectives.
The course is carried out together with Aalto University School of Business.
You have knowledge of contemporary audit research and a comprehensive theoretical and practical understanding of the problems and risks an auditor faces in reality. You are able apply your practical and theoretical knowledge to analyze and solve the problems.
- carry out quality research in auditing
- work as an audit senior in an audit team
- contribute, as a civil servant, to regulatory work concerning auditing
The course is based on international scientific audit research and real-life cases, and the students apply the international auditing standards (ISA). Consequently, after completing the course, the students will be able to (i) formulate research hypotheses that are relevant to the international business community, (ii) work as an auditor on multinational engagements, with international audit teams and for audit firms in different countries, and (iii) contribute to international regulatory work on auditing.
Only Hanken degree students with accounting as their major and students within the Finance and Accounting master's programme.
- Bachelor's Thesis (21001) AND
- An introductory course in auditing AND
- Two additional courses in financial accounting
Students that have their BSc from another school than Hanken should be prepared to show a copy of transcript of records of their previous studies as a proof of completing one course in auditing and two financial accounting courses.
160 hours divided into
Scheduled (contact) hours: 24 h
Non-scheduled work: 136 h
- Flipped classroom
- Individual/group assignments and presentations
- Individual/group case-work
The flipped classroom method is used on this course and due to this, attendance in all sessions is mandatory.
Knapp, M. C. (2018). Contemporary auditing: Real issues and cases. 11th edition. Australia ; Boston, MA : Cengage Learning. ISBN: 9781305970816/ ISBN-13: 978-1305970816 / ISBN-10: 1305970810
40% case solutions
30% article presentations and analysis
Maximum 25 students due to the course being conducted together with Aalto. Accounting majors have first hand priority, then students within the master's programme in Finance and Accounting.
Students who have completed the earlier course Advanced Auditing (8 ECTS, course code 2132-E) cannot take this course.