This master thesis deals with the area of external audit of the bank in the Czech Republic. Its goal is to identify and describe the specifics making the procedures during bank's financial statements audit different from those applied by non-financial commercial subjects. The first part is focused on the general framework of the external audit. The second part describes main features of the bank identifying several risks connected with the business which have a significant influence on the approach used by the auditors. The third part describes the methodology applied by auditors during the audit of the bank.

Bolagsstyrningen har förändrats på grund av vissa negativa företagshändelser som inträffade under 2000-talet. Det har blivit ett större fokus på internkontroll och etik. Som ett led i detta har även betydelsen av internrevision ökat. För att öka effektiviteten och kvaliteten på revisionen måste en samverkan mellan interna och externa revisorer äga rum. Förhållandet mellan parterna är avgörande för att fastställa styrningen av företaget. Denna bakgrund ledde oss fram till uppsatsens syfte som är att undersöka hur den externa revisionen påverkas av internrevision sett utifrån en externrevisors perspektiv. För att besvara uppsatsens frågeställningar har en kvalitativ fallstudie använts. Semistrukturerade intervjuer genomfördes med fem externa revisorer för insamlandet av data. Från fallstudien framkom det att internrevisionen påverkar externa revisorer. Ytterligare visade studien att det sker ett samarbete mellan den interna och externa revisionen. En bra internrevision leder till ett mer effektivt arbetssätt samt en mindre riskfylld revision. Resultatet som framkom i studien visar att externa revisorer använder den interna revisionens underlag om den bedöms som tillförlitlig. Samarbetet mellan revisorerna bidrar till en mer effektiv revision.

This thesis focuses on fraud in the entity, to methods for their detection and possibilities of improving the internal control system so that the risk of offending employee or manager has been reduced to a minimum.

Submitted by Elton Silva (auditorelton@gmail.com) on 2015-11-30T15:47:48Z No. of bitstreams: 1 Elton Silva - CIM - FGV Master's Thesis.pdf: 2530864 bytes, checksum: b7ceeaac7121e24817d4cae05555f481 (MD5) / Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2015-12-14T15:28:09Z (GMT) No. of bitstreams: 1 Elton Silva - CIM - FGV Master's Thesis.pdf: 2530864 bytes, checksum: b7ceeaac7121e24817d4cae05555f481 (MD5) / Approved for entry into archive by Marcia Bacha (marcia.bacha@fgv.br) on 2015-12-21T12:25:51Z (GMT) No. of bitstreams: 1 Elton Silva - CIM - FGV Master's Thesis.pdf: 2530864 bytes, checksum: b7ceeaac7121e24817d4cae05555f481 (MD5) / Made available in DSpace on 2015-12-21T12:26:08Z (GMT). No. of bitstreams: 1 Elton Silva - CIM - FGV Master's Thesis.pdf: 2530864 bytes, checksum: b7ceeaac7121e24817d4cae05555f481 (MD5) Previous issue date: 2015-10-28 / The auditing role in the contemporaneous business environment, and increasing interest in and demand for governance and transparency, has become an element even more important to the society, as a whole, in order to build solid basis to the development of businesses and generation of wealth through technical knowledge, independence, transparency, credibility, and ethics. Nevertheless, the external financial audit industry in the world and also particularly in Brazil has faced several challenges which threaten its success and evolution. In this sense, since the external audit industry in Brazil has been immersed in a deep crisis with features that are explored through this study, allow me to create an analogy over this study saying that the external financial audit industry is like a sick person with a chronic disease, but the disease has not yet been diagnosed and the person has been dealing with the isolated symptoms. This person, the external audit industry, has struggled with this disease for many years and it is getting worse. It is fundamental to highlight that the challenges faced by the external audit industry in Brazil, ultimately, have not harmed the industry only, but they also materialize themselves as chronic issues for the corporate governance and the capital markets since they harm every interested party. In my point of view, the hardest affected are the investors or shareholders whose interest the independent auditor’s work seeks to preserve. Therefore, the purpose of this study is to have a picture of the challenges faced by the external audit industry in Brazil and understand those challenges as a requirement to analyze the potential alternatives to solve them or, analogically, to diagnose this disease. The research purpose is to map and identify the challenges faced by the external audit industry in Brazil based on the understanding of professionals seasoned in the area. Those challenges are mapped and understood through a methodological approach, a questionnaire answered by auditors with experience in the Brazilian auditing market. The challenges were preliminarily listed based on over 16 years of experience of the author in the area of auditing and financial and accounting services, discussions and interviews about the topic with seasoned professionals, and analyses of pieces of news, publications and academic studies. The questionnaire was used in order to validate the challenges, observations, perspectives, and perceptions gathered through those resources. Despite of the fact that the study is highly relevant, it was not found, through my research, other analyses on this topic with a similar approach which is intended by this study. It looks like the external audit industry in Brazil has walked through these new age dealing with problems on a daily basis and the real challenges of the industry may be concealed by the economic conditions in Brazil and other explanations. As in any problematic scenario, in which a critical analysis is needed, having an accurate picture and understanding of the challenges is a crucial step to start exploring alternatives to address them.

Financial reporting fraud is a concern for investors, regulators, external auditors, and the public. Although the responsibility for fraud detection lies upon management and those charged with governance, external auditors are likely to come under scrutiny if fraud scandals come to light. Despite the audit regulators efforts in fighting fraud, evidence from prior literature revealed that external auditors still need guidance in assessing and responding to fraud risks. Hence the current study aims at helping external auditors properly assess and respond to the risk of financial reporting fraud in an effort to increase the likelihood of detecting it. In order to achieve this, the current study sought to explore the significance of various fraud factors in assessing the risks of financial reporting fraud and examined how external auditors could assess these fraud factors. The current study also explored the likely motivations behind management fraud, the impact of management motivations on the financial statements, and how external auditors could assess the impact of management motivations. The data for the current study was collected from external auditors working at various audit firms in Egypt via the use of mixed research methods, namely through an online questionnaire and semi-structured interviews. The findings of the current study revealed that management motives are the most significant factor in assessing the risk of financial reporting fraud. Hence the current study suggests that external audit should be viewed in terms of management motivations rather than just the audit of financial statements figures and disclosures. The current study offers detailed guidance to external auditors in this area. The findings of the current study also revealed that management integrity is a significant factor in assessing the risk of financial reporting fraud and that rationalisation of fraud should be assessed as part of management integrity rather than a separate fraud risk factor. The current study found that fraud perpetrators capabilities are equally significant to the opportunity to commit fraud factor yet it is currently ignored by the audit standards and thus should be assessed as part of opportunity to commit fraud. The current study was the first to explore financial reporting fraud and the extent by which external auditors comply with ISA 240 in the Egyptian context. The current study offered recommendations to external auditors, audit firms, audit regulators, and the Egyptian government on how to combat financial reporting fraud. Potential areas for future research were also identified by the current study.

The wage area is constantly the actual theme relevant for the most of the population. The diploma thesis provides an overview of the related legislature, the basic accounting correspondences and the working procedures of external auditors. On this basis it makes clear the important relative connections and contextures.

The thesis is focused on process of external auditing with emphasis on the use of the work of other professionals. At the beginning it introduces the definition of external audit, historical development of auditing process, its objectives and legislation to the readers. Next item of the thesis is a comparison of the external audit with internal audit and specification of their relationship. The main part of the work is related to auditing process with emphasis on the use of the work of other professionals, which is illustrated on a fictional company called "Tipni si a vyhraj".

This thesis deals with external and internal audit in practice. It contains historical evolution and progression of internal and external audit, their functions and goals as well as risks and frauds in audit and its legislation. Significant section of this thesis focuses on working procedures in internal and external audit. These procedures are divided by audits phases. The main goal of this thesis is to transfer theoretical knowledge into practice. In the practical part there is performed fictitious internal and external audit in company Thomas Cook Ltd.

The master´s thesis is focused on the external audit. It is about a description of each stages and procedures for the audit of financial statements by an auditor. In the practical part, theoretical knowledge is applied to the selected corporations with focusing on audit procedures in the field of tangible and intangible fixed assets. The thesis contains descriptions of identified mistakes of each individual corporations and suggested solutions to overcome them.

Main task, in this graduation theses, was summary of internal audit activity content, pointing out advantages of establishing of internal audit section and identification pretensions concerning internal audit section workers. Other task was elaboration of internal audit in company ČEZ, a. s. There were used auditing procedures used during internal audit in this company. All the tasks aforesaid were solved in theoretic level at first. My tendency was in detail dissect current modern internal audit conception, especially various points of view of internal audit. Practical part of this graduation theses was related to internal audit of waste management and their using like secondary raw material in ČEZ, a. s. The target was show at standard example preparation, completion, finalization and evaluation of finding of internal audit facts in company ČEZ, a. s. Firstly I elaborated internal audit submission, where were specified the character of audit, targets, termination date, audit team and thematic schedule. Thereinafter is presented decisions, disagreements, weak points and deficiencies summary. Disagreements are generalized and presented in the form of system deficiency. Following the specific statements processed in process of internal audit on the basis of demands and targets presented in the internal audit submission.