Instructional goals
The course aims to provide students the main operative instruments required to be chartered accountant, developing in particular the issues related to auditing, the consolidated financial statements and the professional deontology.
Prerequisites
General knowledge of business administration and accounting
Intended learning outcomes
At the end of the course, students should know and apply the
main operative instruments required to be chartered accountant, in particular the issues related to auditing, the consolidated financial statements and the professional deontology.
Course Contents
PART ONE
Consolidated annual report: preparation and presentation Computation of income taxes and the preparation of the fiscal consolidation
PART TWO
The program of activities of the delegation of DEONTOLOGY CNDCEC. The Code of Conduct of CNDCEC (sections from I to IV)
First update of the Code of Conduct of CNDCEC (5th November 2008). The Code of Conduct of CNDCEC: text coordinated and updated at 1st September 2010The Code of Conduct of CNDCEC: text updated at 1st March 2016
THIRD PART
Statutory audit: Legislative decree N. 39, of 27 January 2010 after the amendments of D.Lgs 135/2016, that introduced the EU Directive 2014/56/CE on statutory audit of separate and consolidated accounts. Audit procedures and the application of auditing standards: Isa (Italia) 200 (Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing)Isa (Italia) 230 (Audit Documentation)Isa (Italia) 300 (Planning an Audit of Financial Statements)Isa (Italia) 315 (Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment)Isa (Italia) 320 (Materiality in Planning and Performing an Audit)Isa (Italia) 330 (The Auditor's Responses to Assessed Risks)Isa (Italia) 500 (Audit Evidence)Isa (Italia) 505 (External Confirmations)Isa (Italia) 520 (Analytical Procedures)Isa (Italia) 540 (Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures)Isa (Italia) 700-706 (Forming an Opinion and Reporting on Financial Statements) Isqc (Italia) 1 (Quality Controls)
Reference Books
A. Mechelli, Il bilancio consolidato, Giappichelli Torino, 2022.
L. Cadeddu, A. Portalupi. La revisione legale dei conti. I nuovi principi di revisione ISA Italia, pianificazione e gestione del rischio, procedure e prassi operativa, incarichi speciali). Gruppo24Ore (5 edizione 2019).
Documenti emanati dal CNDCEC.
Other teaching materials (slides and readings) will be shown and distributed by
teacher during the course.
Teaching Methods
The lessons will be held alongside the theoretical aspects exercises
practical, aimed to apply the concepts operationally
exposed.
Assessment Method
The exam consists of an oral test. "Attending students will take part in a continuous assessment, which accounts for one third (1/3) of the overall evaluation. During the continuous assessment, students will engage in practical exercises. In the exam sessions, attending students will complete an individual final exam, which accounts for the remaining two thirds (2/3) of the overall evaluation. The combination of continuous assessment (one third) and final exam (two thirds) is valid only for the exam sessions scheduled at the end of the semester in which the course is delivered. In subsequent exam sessions (retake sessions), students will be assessed solely through a single final exam (100%), thereby forfeiting the grade obtained in the continuous assessment. Non-compliant students will also take a final exam that accounts for 100% of the overall evaluation.
Thesis assignment criteria
The teacher will allocate the final mark taking into account:
the examination;
the students' curriculum.
Week 1
Consolidated financial statement concept2) Definition of the consolidation area according to the national and the international accounting standards
Teaching material by the professor
Week 2
1) Elimination of investments in 100% shareholding companies2) computation of differences of consolidation
Teaching material by the professor
Week 3
Assignment of positive and negative differences of consolidations
Elimination of other investments in shareholding companies (part 1)
Teaching material by the professor
Week 4
Elimination of other investments in shareholding companies (part 2)
Teaching materials by the professor
Week 5
The ethical principles for the exercise of the profession of chartered accountant
Elimination of indirect investments in shareholding companies
Teaching material by the professor
Week 6
Elimination of intercompany investments
Teaching material by the professor
Week 7
Elimination of intercompany credits and debts
Teaching material by the professor
Week 8
Elimination of intercompany profits and losses
Teaching material by the professor
Week 9
Fiscal aspects of the consolidated annual report
Week 10
The legislative decree 39 of 2010 after the amendments of D.Lgs 135/2016, that introduced the EU Directive 2014/56/CE on statutory audit of separate and consolidated accounts
Introduction to the statutory audit
Week 11
The decree n. 39/2010 on statutory audit and the main statutory audit statutory audit
The application of the principles of auditing after the transposition of Directive 2006/43 / EC Teaching material by the professor
Teaching material by the professor
Week 12
Exercises on consolidated financial statement