Course Contents

  1. Introduction to Auditing. Historical Overview. Distinctions of different types of audit.
  2. Legislation, audit firms and application in Greek economy.
  3. International Auditing Standards.
  4. Audit process methodology (audit methods, sampling, evidence, worksheets, audit reports).
  5. Analysis of internal and external audit methodology and differences.
  6. Audit of non-current assets.
  7. Audit of current assets.
  8. Checking net position and provisions.
  9. Audit of Obligations.
  10. Audit of revenues, expenses and profit/loss.
  11. The tax audit of businesses and organizations.
  12. Auditing, corporate governance and published financial statements.
  13. Module revision.

Educational Goals

The main aim of the module is to introduce students to the concept, content and necessity of auditing in all operations of businesses and organizations. Furthermore, to familiarize students with the tools, methods and techniques which are applied during the internal and external audit of entities. Students will be able to describe the auditing and distinguish and assess the effects of oversights and errors on the financial, accounting, and also administrative functioning of businesses.

Upon successful completion of the course, the students will be able to:

  • Distinguish and compare the audit of internal and external auditors.
  • Assess the risks involved in errors, omissions and irregular actions of business staff.
  • Evaluate the role and importance of the auditor for the right, legal and planned work of all sectors.
  • Judge what are the qualifications and skills of the auditors.
  • Deepen his financial, accounting and administrative knowledge, so that he/she can carry out audit process.
  • Recognize the importance of erroring and to estimate its impact on the financial result of a business.
  • Examine the effects of the absence of control on the various less or more important business functions.
  • Combine his/her financial, accounting and legal knowledge, which are necessary for the audit process.

General Skills

  • Independent work.
  • Decision making.
  • Production of free, creative and inductive thinking.

Teaching Methods

  • In the classroom, face to face.

Use of ICT means

  • Basic software (windows, word, power point, the web, etc.).
  • Support of learning process through the electronic platform / e-class.

Teaching Organization

ActivitySemester workload
Practice works13
Assignment (Essay writing)20
Independent Study66

Students Evaluation

Written final exams (60%) that may include:

  • Judgemental questions.
  • Short answer questions.
  • Application exercises.
  • True/False and multiple choice questions.
  • Composite theoratical questions.

In each question, corresponding evaluation points are specified.
Optional assignment (Essay writing and presentation) corresponds to 40% of the final grade.

Recommended Bibliography

  1. 1. Βελέντζας Ι., Καρτάλης Ν., Μπρώνη Γ., Ελεγκτική και Δίκαιο Εσωτερικός Έλεγχος επιχειρήσεων για την πρόληψη, τον εντοπισμό και τη διερεύνηση οικονομικής απάτης, Εκδόσεις Επιστημονικό-Ερευνητικό Κέντρο Εκπαιδευτικών / Ερευνητικών Υπηρεσιών και Μελετών ΑΜΚΕ, 2017.
  2. Νεγκάκης Χ., Ταχυνάκης Π., Σύγχρονα Θέματα Ελεγκτικής και Εσωτερικού Ελέγχου, Εκδόσεις Αγγελική Κοντού,2016.
  3. Αληφαντής Γ., Ελεγκτική, Εκδόσεις Σοφία Α.Ε., 2017.

Related Research Journals

Accounting, Auditing and Accountability Journal; Auditing: A Journal of Practice and Theory; Journal of Accounting, Auditing and Finance; Journal of International Accounting, Auditing and Taxation; Current Issues in Auditing; International Journal of Accounting Auditing and Performance Evaluation; International Journal of Auditing; Managerial Auditing Journal; κ.ά.