Audit of Public-Private Partnerships
Instructor: Дарко Томаш, PhD, Assistant Professor
The goals of studying the subject are to enable students to examine the validity of conducted transactions of public-private partnerships and express an opinion in order to give credibility to the financial statements and gain the trust of the public in justification of specific public-private partnerships. One of the goals is to learn the skills that the student will use to gather required amount of evidence for the purpose of expressing an opinion.
||9th or 10th
|Number of classes per week:
PhD Assistant Professor
|Learning Outcomes (gained knowledge):
||Learning outcomes should provide the ability to students, future auditors, to understand the essence of the auditing profession, to master the skills of collecting adequate evidence for the formation of beliefs about public-private partnerships and to express their opinions; to adopt ethical principles and develop their own virtues in business such as integrity, professionalism, independence and others.
||General goals of the audit of public-private partnerships; International standards and audit statements, assurances and ethics; Methods of performing audits of individual public-private partnerships; Audit of public-private partnerships; Audit of allocation of risks and financial risks; Audit procedures for procurement and selection of the private partner; Simulation of practical performance of audit; Continuous monitoring of audit regulation changes; Audit findings and reporting on public-private partnership.
|Teaching Methods and Learning Activities:
||The classes will be conducted in the interaction between teacher, assistant and students in the form of presentations of teaching units, discussions and practical essays.
||Božić, R.; Kondić, N. (2012). Audit of Financial Statements - a Guide through the Practical Audit, third, revised and updated edition. Banja Luka: Faculty of Economics, University of Banja Luka and Finrar;
International standards and statements on auditing, quality control, inspection, other assurances and related services. (2011). Association of Accountants and Auditors of Serbia, Association of Accountants and Auditors of Republic of Srpska and the Institute of Certified Accountants of Montenegro;
IFAC Code of Ethics for Professional Accountants. (2012). Association of Accountants and Auditors of Serbia, Association of Accountants and Auditors of the Republic of Srpska and the Institute of Certified Accountants of Montenegro;
|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: