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| Module code: MAMS-592 |
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4VU (4 hours per week) |
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6 |
| Semester: according to optional course list |
| Mandatory course: no |
Language of instruction:
German |
Assessment:
Oral examination
[updated 15.04.2024]
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MAMS-592 Marketing Science, Master, ASPO 01.04.2016
, optional course
MARPF-592 (P420-0547) Accounting and Finance, Master, ASPO 01.10.2017
, optional course
MASCM-592 Supply Chain Management, Master, ASPO 01.04.2017
, optional course
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60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 180 hours (equivalent to 6 ECTS credits).
There are therefore 135 hours available for class preparation and follow-up work and exam preparation.
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Recommended prerequisites (modules):
None.
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Recommended as prerequisite for:
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Module coordinator:
Prof. Dr. Jochen Pilhofer |
Lecturer: Prof. Dr. Jochen Pilhofer
[updated 26.03.2024]
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Learning outcomes:
After successfully completing this module, students will be able to:
I) Fraud
understand what fraud is, in what forms it can occur in corporate practice, by whom and in what context fraud typically occurs;
understand what practical risk factors and "red flags" may indicate an increased incidence of fraud;
understand which legal regulations are relevant for the external (financial) statement auditor;
understand what the scope of the (financial statement) auditor´s responsibilities are in the case of fraudulent acts;
recognize how the (financial statement) auditor identifies fraud in professional practice and addresses it as part of its audit approach;
explain which reporting requirements (internal and external) exist.
II) Compliance
Students will be able to explain the meaning of the term "compliance" and distinguish it from related topics, explain the main compliance fields in a company, show the risks of non-compliance, as well as the goals and benefits of compliance, and present the components of a compliance management system.
III) Sustainability
Students will be able to understand the meaning of the term "sustainability" and what regulatory requirements are placed on companies in terms of corporate financing and corporate reporting.
They will understand the legal framework for sustainability in the context of external accounting.
They will understand how the external auditor addresses sustainability-related risks in its risk-oriented audit approach and which audit approaches are used to audit sustainability reporting (based on a case study).
[updated 15.04.2024]
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Module content:
I) Fraud
Definition of fraud, its various manifestations, and the economic context in which fraud happens;
What are the differences of internal and external fraud and the resulting consequences and the connection with money laundering;
Practical case studies for the identification of fraud and the analysis of fraud factors, inkl. Greenwashing
Fraud from the perspective of the external (financial) statement auditor;
Detection of irregularities in the course of the audit of financial statements (IDW PS 210), scope of application, effects on the audit approach, reporting obligations, discussion based on practical examples;
Maintaining a critical attitude is one of the auditor´s professional duties (Der Betrieb issue 3/2022) and problematic areas in practice;
Principles of planning annual audits (IDW PS 240) against the background of fraud based on a specific use case;
Identification and assessment of error risks and the auditors reactions to said error risks (IDW PS 261) based on a use case;
Other related auditing standards (audit evidence, reporting requirements, quality assurance), as well as the regulations of the profession, liability risks of the auditor in case of non-recognition; presentation based on practical examples.
II) Compliance
A) Presentation and organizational matters
B) Compliance - requirements and relevance
I. Stakeholders of compliance requirements
II. Relevance within the company
III. Topics and concrete requirements
C) (Non)-Compliance - goals, benefits, risks
I. Goals and Benefits
II. Sanctions for non-compliance
D) Compliance management systems
I. Introduction
II. IDW PS 980
III. ISO 37301
IV. Compliance culture and goals
V. Risk assessment
VI. Compliance program
VII. Compliance organization
VIII. Compliance communication
IX. Monitoring and improvement
X. Implementing a CMS in practice
III) Sustainability
Definition of the term sustainability
Regulatory requirements of the EU and the German legislator in the area of corporate financing
Regulatory requirements of the EU and the German legislator in the area of corporate reporting (CSRD, ESRS, EU Taxonomy, SFDR, Lieferkettensorgfaltspflichtengesetz)
[updated 15.04.2024]
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Teaching methods/Media:
Lecture and tutorial
[updated 15.04.2024]
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Recommended or required reading:
I) Fraud
Publikationen des IDW: IDW Prüfungsstandards
II) Compliance
Hauschka/ Moosmayer/ Lösler: Corporate Compliance, 3. Auflage 2016
Bay/ Hastenrath: Compliance-Management-Systeme, 3. Auflage 2022
IDW Prüfungsstandard: Grundsätze ordnungsmäßiger Prüfung von Compliance Management Systemen (IDW PS 980)
Zertifizierungsstandard ISO 37301 für Compliance-Managementsysteme
III) Sustainability
CSRD-Richtlinie der EU
EU Taxonomy Regulation
Supply Chain Due Diligence Act
SFDR
[updated 15.04.2024]
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