Audit on the Master in Finance and TeDo do not miss any mistakes

Guests from one of the largest audit and consulting companies of Russia Technologies of Trust (TeDo) held an audit game with the students of Master of finance as part of the audit course. 

During the case we identified misstatements of the financial statements of the test company, calculated and suggested adjustments, identified risks of the distortion of information and of holding the audit, probable fraud, overstatement of assets and revenue that improves the company’s financial results and position, students expressed doubts of the going concern of the business.

In short, the students used all the financial knowledge, well-coordinated team work, advices of the experienced tutors and, of course, the most important part of every audit – critical judgement!

Together with our guests – auditors of TeDo we are glad to develop professional practical approach of our students to finance, financial statements and business in general.