This module conveys practically oriented abilities required for the performance of annual audits. The main focus is on the audit process. Against the background of the relevant auditing norms and the audit approach of an audit firm, the students will be able to understand the auditing process and to identify auditing problems, reflect on them critically and find practically oriented solutions.

Introduction, the market for assurance services, the objectives of the annual audit, the audit process, including client acceptance and planning an audit, control evaluation, substantive procedures, selected audit areas, completing the audit, special features of auditing consolidated financial statements, documentation and reporting.

Language: German or English

Total workload: 150

Module duration: One semester

Module frequency: Every fall semester

Prerequisites: None. Enrolment for the “Advanced Financial Accounting” module or a similar course is however strongly recommended. Furthermore, concurrent enrolment for the “Auditing” module is also recommended