LABORATORY ACCOUNTING & AUDIT - mod. 1
Learning outcomes of the course unit
Objectives of the course are:
1) to teach the methods of measurement of earning quality (based on accruals, frequency distribution of earnings and conservatism) and audit quality (based on audit opinion, Big4, audit fees, internal control system);
2) to develop skills to use the several methods of earning and audit quality;
3) to develop independent evaluation of the earning management methodologies that affect the earning and audit quality of the enterprise. This mean, for example, to be able to choose the coherent earning management method respect to the objective of the firm and with the law and accounting standard;
4) to develop communitation skills of the several earning management methodologies for correct and transparent relation between enterprise and stakeholders;
5) to develop understanding skills related to specific earning management methodologies based on accrual, frequency distribution of earnings and conservatism.
Prerequisites
Knowledge of the basic assumption of accounting and Financial reporting and english language
Course contents summary
Earning quality
and Audit Quality
Course contents
1. Accruals
2. Earning management with frequency distribution
3. Audit Opinion
4. Audit Fees
5. Big4
6. Internal Control over Financial Reporting
Recommended readings
Mazza T., Audit quality, misure individuali e multidimensionali, Giappichelli, 2016
Teaching methods
Traditional and interactive teaching
Assessment methods and criteria
Evalutation is based on:
1) homeworks (40%);
2) class partecipation and in-class presentation (60%)
