CONTEMPORARY ISSUES IN ACCOUNTING AND AUDITING

The course contributes to the educational objectives of the Bachelor's Degree Programme, which aims to provide a complete training in the management disciplines, as it provides to students the knowledge about current and significant issues which relate to the globalization of accounting and auditing.

The course critically evaluates current issues in the globalization of accounting and auditing. The unit examines relevant issues of accounting regulation and practice, and the politics of standard-setting process. Financial reporting is further developed focusing on competing regulatory initiatives and their effects on capital markets. The unit analyses also the process of auditing highlighting the important issues which underpin the practice of auditing.
1 KNOWLEDGE AND UNDERSTANDING
The students of the Bachelor's Degree Program Business Administration-curriculum Business Administration and Management will gain knowledge and critically understanding about accounting and auditing regulation at a supranational level.and understand their effects. At the end of this course, students will know and understand:
- the functioning of international standard-setting processes (actors and activities) which relate to accounting and auditing regulation;
- the technical and political content of accounting regulation and its effect on capital markets;
- the contemporary issues in the present accounting scenario.
2 APPLYING KNOWLEDGE AND UNDERSTANDING
Students of the Bachelor's Degree Programme Economia Aziendale-Business Administration and Management must be able to make operational their knowledge through a critical and productive evaluation of accounting and auditing regulation and the presentation of alternatives. At the end of the course, students will be able to:
- critically evaluate standard-setting processes and their technical and political content and influences;
- actively participate and contribute to the discussion on emerging aspects in the international scene;
- make proposals about alternative regulatory solutions based on the accounting and audit competences.

Formal prerequisites for this course is the “Principles of Management and International Accounting” course (12 credits).

The course focuses on contemporary issues in accounting and auditing in a global context.
Topics covered are:
-accounting regulation: actors and actions
-technical and political content of accounting rules: cases and discussions
-emerging issues in the current international accounting arena
-the effects and consequences of different regulatory solutions
-the auditing process and the InternationalAuditing Standards
-current issues in the International auditing scenario

Course materials (articles and professional pronouncements) will be communicated before the beginning of the course

Written examination (1 hour)

Classes will comprise a mixture of theoretical input and problem-based discussions, they are interactive classes in the presence of professionals during which students will be required to actively participate.

English

written