[ 514IFACAMFK21 ] KS Auditing of Multinational Firms

Workload Education level Study areas Responsible person Hours per week Coordinating university
3 ECTS B1 - Bachelor's programme 1. year Business Administration Vera Schiemer-Haberl 2 hpw Johannes Kepler University Linz
Detailed information
Original study plan Bachelor's programme International Business Administration 2021W
Objectives The course aims at providing a basic understanding of the necessity of an independent audit and its role in the corporate governance discussion. It further focuses on the challenges in auditing financial statements in a multinational context, starting with the introduction of the risk-based audit approach and its limitations from a theoretical and practical perspective. It further gives an overview of relevant regulatory requirements on selected topics, e.g., independency, from a national and international perspective. Students will develop an understanding of the objectives and limitations of financial statements’ audits and will enhance their skills regarding professional skepticism and judgement.
Subject Clarification of the following basic terms will be covered:

  • Basics of auditing process and understanding the four types of audit reports
  • Risk-based audit approach – from the engagement’s start until reporting the results of the audit
  • Expectation gap
  • Selected regulatory requirements regarding performing audits of financial statements, e.g., Public Company Accounting Oversight Board (PCAOB) regulatory requirements
Criteria for evaluation In-Class Participation, written exam, homework
Methods The course follows an integrated concept, consisting of theoretical input, practical application of knowledge by solving examples and group discussions. Class participants are asked to prepare further examples for the following lecture as homework by applying the theoretical knowledge presented in the lectures. All examples will then be solved and discussed in class.
Language English
Study material
  • Powerpoint Slides and Examples sold as script
  • Additional material (e.g. case studies & further readings) will be provided for download in KUSSS
Changing subject? No
On-site course
Maximum number of participants 100
Assignment procedure Assignment according to priority