Performance Audit
Instructor: Дарко Томаш, PhD, Associate Professor
Mastering the theoretical and methodological foundations, doctrines and principles for the performance audit in the public sector, with the understanding of: scope and structure of the public sector, difference between the part of the public sector which includes budgetary users and other segments that include public companies, a part of public institutions and other doctrines and principles for the establishment of performance audit in the public sector, relationship between performance audit and other types of audits for which supreme audit institutions are in charge (audits of financial statements and audit of compliance), the legal definition of this area, professional standards for performance audit, the basic methodological principles on which the performance audit is based, including the phases of development of the pre-study, organizing the focus groups, reporting, and the like.
| Code : | 2О14ЈРУЧ |
|---|---|
| Status: | C |
| Semestar: | 9th |
| Number of classes per week: | 2+2 |
| ЕECTS: | 7 |
| Teachers: |
Дарко Томаш,
PhD Associate Professor |
| Prerequisites: | |
| Learning Outcomes (gained knowledge): | During the study of the planned teaching material students need to acquire the necessary knowledge and skills for understanding the teaching material specified within the set goals of studying the subject, and especially the basic principles of the current legal and professional regulations in this area in the Republic of Srpska, basic methodological principles for conducting performance audit, importance of performance audit on the economy, efficiency and effectiveness of the system of management of public funds and public finance in general. |
| Subject Contents: | The subject content consists of basic thematic units: Introduction to performance audit; The concept of '3E's (economy, efficiency and effectiveness); Audit methodology and the process of performance audit (from defining the audit problem to reporting); Post-audit activities, with special emphasis on the use of the results of the performance audit and supervision of the implementation of audit recommendations. |
| Teaching Methods and Learning Activities: | During lectures, the theoretical knowledge in the subject area is transferred to students with the use of Power Point presentations. Exercises are conducted by creating specific essays, considering audit issues, examples of audit reports and the like. Preparation and presentation of the seminar paper is done with the mandatory application of the methodology for the preparation of professional papers. Students are regularly encouraged to have an active attitude towards the lectures and exercises, i.e. proactive participation in and mastering of curriculum during lectures and exercises, participation in consultations, as well as independent work. |
| Literature: | INTOSAI - ISSAI framework of international accounting standards; Ćerketa-Jagodić, S. (2011). Performance Audit – 3 "E" audit of work of the public sector. Banja Luka: Bina; Reports on the conducted performance audits of the Supreme Office for the Republic of Srpska Public Sector Auditing |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |