Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics

Versao Portuguesa

AUDITORIA - 2018/2019

3º curricular year
Semestralidade: 1st semester


Leading Teacher: Prof. Doutor António Anjos
Assistant Professor: Prof. Doutor António Anjos

Class type and School hours

Orientação Tutorial : 1 Horas
Teórico-prática : 2 Horas

Main Aims/Objectives

Establish the interaction between the role of accounting and auditing in the financial reporting process and the accreditation.

Apprehend the basic concepts of financial audit and methodology.

Analyze and understand the audit process.

Specific Aims/Objectives

Provide students with the basic knowledge and tools necessary to carry out audits of accounts of commercial companies and other economic entities.
Allow students to meet and build planning an audit and its interconnection with the internal control system of the audited entity.

Knowing the methodology of implementation of an audit.

To enable students to analyze and extract audit findings.

Skills to be acquired

Ability to understand the processes of an audit work: organization; Planning; Programming, running tests; Analysis of results and elaboration of conclusions, recommendations and audit reports.

Teaching Procedures

Exposition of elementary concepts and recommendation of complementary readings.
Presentation and resolution of concepts application exercises.
Case Studies
Carrying out group work.


1. Introduction and general aspects
1.1. The audit and its surroundings
1.2. The historical evolution of the audit
1.3. Concept, object, purpose and types of financial audit
1.4. Responsibility, ethics and deontology
1.5. Regulatory Framework

2. The audit process
2.1. Commitment to an audit
2.2. Planning an audit
2.3. Performing the audit and conclusions
2.4. Audit report

3. System of Internal Control: Administrative and accounting
3.1. Concept and objectives of internal control
3.2. Key elements of internal control
3.3. Limitations of internal control
3.4. Ratio of internal control with the audit
3.5. Study and evaluation of internal control
3.6. Audit in IT system environment
3.7. Control procedures

4. Proof of audit
4.1. Importance and proof of concept
4.2. General auditing procedures
4.3. Audit sample selection techniques
4.4.Audit tests
4.5.A of proof documentation

5. Audit of financial statements
5.1. Meaning and scope
5.2. Definition of substantiation and validation audit procedures
5.3. Audit procedures for different account classes
5.3.1. Net financial means
5.3.2. Purchases of goods and services and payables
5.3.3. inventories; Cost of Goods Sold and Consumed; and Changes in Inventories Production
5.3.4. Sales, service benefits and receivables
5.3.5. Non-financial investments
5.3.6. Financial investments
5.3.7. Accruals and deferrals
5.3.8. provisions
5.3.9. equity
5.3.10. Spending on personnel
5.3.11. Other expenses and income

5.4. Audit reports

Evaluation Type

System of continuous assessment: assessment tests 2 and 1 proof of attendance at the end of the semester.

Frequency regime: proof of attendance at the end of the semester

Final exam

Teaching Resources

Availability of books in e-learning platform of the University Lusiada

Use of teaching resources contained in the University Library on the topic of discipline to research by students.

Use the internal network to access the Internet to conduct research on the subject by the students.


Internal Control

Main Bibliography

Author COSTA, Carlos Baptista da
Title Auditoria Financeira - Teoria e Prática
Edition 11ª Edição
Place Lisboa
Editor Rei dos Livros
Year 2017
Author COSTA, Carlos Baptista da; ALVES, Gabriel Correia
Title Casos Práticos de Auditoria Financeira
Edition 6ª Edição
Place Lisboa
Editor Rei dos Livros
Year 2011
Author Legislação
Title Sistema de Normalização Contabilistica
Edition 6ª Edição
Place Porto
Editor Porto Editora
Year 2016

Complementary Bibliography

Author Morais, Georgina ; Martins, Isabel
Title Auditoria Interna - Função e Processo
Edition 4.ª Edição
Place Lisboa
Editor Áreas Editora
Year 2013