The main objective of this module is to provide a thorough and complete initiation to the general framework and procedure of auditing. It aims to present a) theoretical foundation on which auditing expertise and competences can be based b) utilization of the theoretical foundations in case studies in order to expose students to real life audit problems. More specifically, this course focuses on the better comprehension and application of audit models in various contexts. Topics that this module contains are: audit planning, review of client’s control systems, audit testing and conclusions on the results of audit testing and audit opinions. There will also be significant focus on the professional accountability and ethics of auditors related to their profession. In this respect, the course will highlight the importance of adequate and relevant audit evidence as well as the dynamic character of the auditor’s professional reluctance.