Auditing and Management Control
The Audit and Management Control degree trains professionals who contribute to the improvement of operations in all areas of the industry, who are capable of exercising internal controls (prior, recurrent and subsequent), which promote the continuous improvement of management processes (risks, control and administration); and, that they carry out audits to evaluate compliance with laws, norms and standards that safeguard the resources of public and private institutions.
* Undergraduate tuition/fees:
The Constitution of the Republic of Ecuador in its Article 356, among other principles, establishes that third-level public higher education will be tuition/fees free. Zero cost education is linked to the academic responsibility of the students.
Number of admitted students per academic year
Number of graduates per year
Number of enrolled students per academic year
Graphs show the figures in real time, at the time of the query
Our eligibility application has been accepted by ACBSP, and we are currently in the candidate process for our proposed program.
For more information about the ACBSP accreditation standards, visit: https://acbsp.org/
Contact Cristina Yoong Párraga, cryoong@espol.edu.ec, for more information.
We are looking for reflective, observant, analytical, perseverant young people, with numerical reasoning, abstraction and communication skills; with great interest in social sciences and mathematics, as well as a good disposition to work in a team and under pressure, using technological tools.
EDUCATIONAL OBJECTIVES
- Perform your professional duties, as a manager of your own business or as an advisor in the implementation and evaluation of management systems, internal control of organizations with management system methodologies in order to responsibly promote the improvement of quality and efficiency in the business aspects.
- Ruling on the financial situation of companies through critical assessment in accordance with regulations, legal and ethical provisions in order to issue recommendations.
- Improve the skills and technical knowledge related to your work activity throughout your professional life, taking contemporary issues as a reference for decision-making in public and private companies.
STUDENT OUTCOMES
- Participate in the design, implementation and evaluation of management systems of internal control following methodologies and good practices meeting the needs of any organization.
- Evaluate the financial information and the fiscal fullfilments considering the current norms and law with the purpose of giving a technical opinion to enhance de decision making process at any organization.
First Year
Description:
It is a core course for Engineering, Natural Sciences, Exact Sciences, and Social Sciences and Humanities, students. Topics, such as, topological notions, limits and continuity of real variable functions, derivatives and their applications, antiderivatives and integration techniques, and the definite integral with its applications, are examined. This course is aimed to the development of student’s skills and know-how in the derivation and integration processes, as a fundamental basis for the following upper level courses in its academic training process
Description:
In this course, students apply the Design Thinking methodology to identify, analyze real-life problems or needs, to design innovative solutions. Students work in multidisciplinary teams to present solution proposals that add value to customers/users from private companies, public organizations and non-profit organizations.
Description:
This vocational course delves into the fundamental concepts of the accounting process within companies. It emphasizes the analysis of inventory handling, cash management, and the preparation of financial statements according to International Financial Reporting Standards (IFRS). Additionally, it covers relevant tax regulations. Lastly, it identifies accounting policies and estimations, incorporating specialized business terminology.
Description:
This entry-level vocational training course helps students to understand and distinguish the differences between the occupational profiles of an administrator, an auditor, and an economist. For this purpose, professional guests speakers are invited to share their academic and work experiences, as well as, to interact with the students to clear up their doubts and clarify their concerns. These talks are complemented with assignments, class workshops and research that contribute to a better understanding of the professional field of careers.
Description:
This basic and general education subject presents grammatical structures to produce a simple paragraph based on a writing program. Additionally, it allows the identification of a specific argument in oral and written communication. It also considers learners’ personal opinions about different topics related to social, academic, and professional aspects. It includes the necessary vocabulary to make comparisons between present and past, books or movies description, creation of simple students’ profile, opinions about inventions, formal apologies and tell past events.
Description:
This initial level course studies the decision-making process of economic agents in conditions of scarcity. It also studies the market processes and fluctuations in economic activity. Topics on microeconomics related to goods, market and prices are addressed. Macroeconomic topics such as the analysis of macroeconomic indicators and national income are also analyzed. Finally, the course concludes with a synthesis of the main problems of the economy.
Description:
The course presents students with strategies to solve common problems in various professional fields through the design and implementation of solutions based on the use of a programming language. It covers the basic principles so that the student can read and write programs; emphasizing the design and analysis of algorithms. In addition, it introduces students to the use of development and debugging tools.
Description:
This professional training subject studies the fundamental concepts of International Financial Reporting Standards with a focus on the accounting treatment of property, plant and equipment assets, company income, events that occurred after the balance sheet date, and earnings per share. Finally, the cash flow statement is prepared and its impact on financial decisions is recognized.
Description:
This course is introductory and is aimed at third-level students in initial training within their undergraduate career.The units of the course emphasize the importance of administration at all management levels of an organization, provide for a general analysis of the administrative process with a cyclical approach and specific analysis of planning, organization, direction and control functions within this process. Ethical aspects, corporate social responsibility and the environment in which organizations operate are also considered to support managerial decision-making.
Description:
This professional training subject covers the meaning of auditing and its objectives, its different types and other professional services. These topics are treated considering the professional auditing standards and the organizations responsible for their emision. As well, procedures, techniques and risks are reviewed with emphasis on planning an audit.
Description:
Calculus of several variables is a transversal course aimed at the basic training of professionals in the areas of Humanistic and Social Sciences that require developing problem-solving and problem-solving skills in the n-dimensional context. For this purpose, the course consists of 4 general topics: three-dimensional analytical geometry and functions of several variables, differential calculus of scalar fields, optimization of scalar functions of several variables, and multiple integration; being the main applications of this course: the optimization of functions of several variables applied to practical problems, the calculation of areas, volumes and work, using objects of the plane and space.
Description:
This subject of basic formation and general education presents the grammatical structures for the production of an academic paragraph, through the development of the writing program in a transversal way. In addition, it allows the identification of specific arguments in oral and written communication, considering the production of one's own criteria on different topics of a social, academic or professional nature. The necessary vocabulary is also applied to refer to the different forms of communication, share work experiences and the use of digitl technology, tell short stories about interpersoanl relationship and personalities, and comment on the future of the environment.
Second Year
Description:
In this subject, we study the development of the academic prosumer profile of the students, which should be consolidated throughout each individual's life, based on the processing of complex, holistic, and critical thinking. We aim to foster understanding and the production of academic knowledge through rigorous analysis of realities and readings from various academic/scientific sources.
Description:
Analyzes and applies the International Financial Reporting Standards (IFRS) used in the determination of impairment losses on assets, identification of contingent assets and liabilities, as well as the recognition of intangible assets. It also analyzes the accounting treatment of assets held for sale, investment properties and leases; and establishes transactions with related parties and borrowing costs for the presentation of financial statements.
Description:
In this course, the student will study corporative and labor regulations in order to enhance their professional practice with policies that controls corporative and public activities. In this class, the students should acquire the ability to resume the norms within audit methodologies, the creation of companies, investment and the responsability belonging to a Chief in office. Furthermore, at the end of this course, the students should acknowledge the rights and obligations own of labor force and the connotation of the continuous reforms in the corporative and public regulation.
Description:
The Statistics I course allows students to improve their ability to analyze, synthesize and solve problems, by studying the statistical foundations for obtaining information from a set of data, starting from their information gathering, procedure, analysis and interpretation of the data obtained. Also, the concept of probability will be studied as a measure of uncertainty, mathematical models of discrete and continuous random variables will be analyzed univariate and multivariate, to finally consolidate the bases of inferential statistics
Description:
This course studies the variation of the money value over time, applying the capitalization financial laws and discount at simple and compound interestrates, which allows to find the equivalences between equity and analysis of cash flows, to evaluate saving alternatives, investments and credit to help in the decisionmaking process of personal financial decisions. Financial evaluation techniques such as present value, future value, annual value, and return rates will be applied, as well as the Cost/Benefit ratio for social projects. Being one of the introductory finance courses taught at ESPOL, it is aimed for students in the initial levels.
Description:
This subject of basic instruction and general education presents grammatical topics for the elaboration of an outline and a structured composition, through the development of the writing program in a transversal way. In addition, it allows the identification of arguments in oral and written communication on contemporary and academic topics. Additionally, appropriate vocabulary is applied to discuss issues related to different cultures, places where we live, everyday news, entertainment media, and past and future opportunities.
Description:
This course of intermediate level for professional training, introduce to the financial scope. Approach topics of the analysis of financial statements and financial ratios. In addition, there are sections dedicated to study financial planning, leverage analysis, capital structure and some ways to manage liquidity of the company. Finally, analyses the methods of company valuation by cash flow discount.
Description:
This is a theoretical - practical subject that allows students to develop the capacities to apply the accounting standards of general application as well as the special application of accounting standards in the solution of different cases in the company’s accounting during the process to issue the financial statements. Accounting standards related to agriculture, deferred taxes, consolidation of financial statements will be studied as well.
Description:
This subject studies the analytical skills on the provisions, rules and procedures in relation to current tax regulations, which are evaluated with different instruments that make it possible to publicize the importance of tax law. Ethical conduct and a progressive and permanent knowledge of the tax laws in Ecuador are promoted. Initially, the conceptual framework of tax law is covered, later the material tax law is addressed, then the administrative tax law, the procedural tax law and finally the illegal tax law.
Description:
Statistics II is a transversal subject of basic training for engineering and bachelor's degree students, it addresses the knowledge necessary to make inferences of a population through a sample by point estimations, intervals or hypothesis tests, so that the student will be able to solve complex situations through comparisons or establishing relationships between variables in a sample, thus facilitating the decision-making process from a statistical point of view.
Description:
This professional training course contributes to students by providing them with basic skills and knowledge for the organization, processing and obtaining of information through data analysis computer supports, focusing mainly on the analysis of commercial, financial and operational transactions.
Description:
This subject of basic formation and general education, presents the grammar structures to produce a persuasive essay, through the transversal development of the writing programme. In addition, it allows students to identify specific arguments in the oral and written communication, as well as, to express their own opinions about different topics of social, academic, or professional fields. It also includes the necessary vocabulary to stablish a conversation, narrate situations of their environment, activities to reach their goals, analyze cause and effect and personal and professional opportunities.
Third Year
Description:
This transversal course addresses the conditions required to innovate and the process associated with developing an innovation from an entrepreneurial point of view. Subsequently, topics such as the identification of opportunities, value creation, and prototyping and validation of products/services proposals are reviewed, as well as the elements of the business toghether with tools for the evaluation of a budget/financial management plan and the interpretation of financial data. Considerations that are essential for the feasibility and adoption of an innovation. Finally, entrepreneurial competences and process associated with the development and adoption of an innovation are studied.
Description:
This professional training course encloses the study of conceptual basis of production costs and their control for application on traditional and current cost systems, highlighting differences and similarities. In addition, concepts on the relation of cost, volume, and profit, methods of accounting records for scrap, defectives and spoilage goods are introduced. Finally, the necessary procedures to establish a standard costing system are detailed.
Description:
This professional education course studies key issues for the evaluation of the organizational structure of a company, by analyzing organizational design, from the review of their respective hierarchical levels to their flowcharts, organizational manuals, policies, and procedures.
Description:
This course contributes to the basic training of Statistics and Audit and Management Control students, with regard to determining the size of a sample, its capture and selection of data. The first part consists of providing the basic introductory concepts to sampling, the techniques for the development of a data capture instrument such as the questionnaire, as well as all the factors that surround its design, structure, characteristics and restrictions.The second part consists of providing the necessary theory to be able, given a set of data, generally population-based, to select part of them, using various techniques, such as simple random sampling, stratified, cluster and systematic random sampling, non-probabilistic sampling and auxiliary techniques of sampling.
Description:
This vocational training course emphasizes the significance of budgeting in strategic management as a tool for operational control. The curriculum encompasses topics such as profit planning and control, as well as various budgeting approaches, including cash budgeting, government budgeting, and zero-based budgeting. Throughout the course, students will engage with a series of practical applications that elucidate the theoretical principles elaborated upon in each class session.
Description:
Thie professional course presents continuous improvement tools according to the DMAIC methodology (Define-Measur-Analise-Improve-Control). All of the tools and methodologies are aimed to develop continuous improvement projects in manufacturing and transactional environments.
Description:
This professional training subject covers the business financial study with tax elements, for decision-making and the compliance of its obligations. The necessary tools for the examination of taxpayers' tax obligations and the management of computer applications are analyzed too.
Description:
The purpose of this vocational training subject is to equip the student with skills analytical management applied to the design, establishment and use of planning and control that the manager uses to implement strategies that lead the organization to a higher and better level of performance. Through the subject the student manages to connect administrative, operational, statistical and financial knowledge in the formulation of the strategies that you will implement in the organization where you carry out your professional work.
Description:
This course addressthe best practices in the processes of the business value chain, the application of administrative models that allow optimization, the components of information systems and the means of internal control of the main operational processes, such as, purchases , accounts payable and remuneration, manufacturing, distribution, sales and customer service, credit and accounts receivable, inventory and property, plant and equipment.
Description:
This transversal training course for all students of the institution has five chapters. It introduces the key principles of sustainability and the path to sustainable development. Addresses ecological principles by deepen into biodiversity, ecosystems, human population and ecosystem services. Study the fundamentals of renewable and non-renewable resources as well as the alternatives for sustainable use. Analyzes environmental quality specifically in the air, water and soil components, delving into issues such as climate change, eutrophication and deforestation. Finally, it emphasizes on the economic axis with topics such as circular economy and on the social axis on topics such as governance and urban planning.
Fourth Year
Description:
This subject of professional training deals with the principles of quality auditing and the principles of performance auditing, about the planning of an integrated management audit, the execution of techniques for taking corrective actions, the verification of the effectiveness of the corrective actions, the writing of audit reports and finally the realization of an improvement program.
Description:
The purpose of this professional training course is to collect evidence that allows an opinion to be expressed as to whether the financial statements as a whole present fairly, in all material respects, the financial position, in accordance with International Financial Reporting Standards (IFRSs), and evaluate the efficiency and effectiveness of internal controls. Therefore, it's about the general principles that govern an audit of financial statements and, the correct classification of quantity in the financial statements, the process of execution and documentation of an audit of cash and financial investments, accounts and notes receivable, revenue, inventories and cost of sales.
Description:
This course is about with the analysis of risk and added value of production processes that will be based on the approach of total quality control and on both quantitative and qualitative management indicators. In addition, it covers the analysis of variations in operations in order to establish improvement actions and monitoring and control mechanisms to guarantee sustained success in its operations.
Description:
This professional training course analyzes the components of internal control under the control models, integrated conceptual framework, business risk management framework and the three lines of defense. Also, issues related to the communication of weaknesses, and technical standards of internal control in the public sector are reviewed. Finally, risk matrixes are prepared with the analysis of the impact and response to risk.
Description:
This course introduces students to the impacts of the individuals-society interrelationship through the perspective of social theory. The course explores the economic, social, and political transformations from which emerge the theorization of sociology. It includes the classical theories of Durkheim, Marx, and Weber, pillars of modern sociology. The course also reviews the sociological contributions of Foucault, and Giddens, among other modern sociologists, to analyze structures such as society, the state, and globalization. The emphasis of this course is on developing students’ ability to theorize the world around them: culture, identities, and inequalities. Through the application of the sociological research methodology, students will integrate a social research project into practice.
Description:
Know the types of standard financial and operational controls, which allow the mitigation of risks in the significant processes of a financial audit, as well as the forms of selection, execution and documentation of tests of controls and substantive tests (detail and analytical) that support the reasonableness of the balances of the accounting accounts of the financial statements. For the execution of the various controls and substantive tests, working papers and standard procedures will be developed that may be applicable to any industry in which the financial audit was carried out. Finally, the findings and adjustments determined by the execution of audit tests will be documented through reports and templates, which will subsequently allow a decision to be made on the impact of the financial auditor's opinion on the financial statements.
Description:
In this graduation course, the student makes a project that demonstrates the application of the declared profiles in his career, developing processes of creativity, organization, and relevance that involves him in a professional design experience. In the first part of the course, the needs of the client/user/public are identified, the problem/opportunity is defined, the data are collected and the critical factors are analyzed. In the second part, alternative solutions are created, framed in the regulations and restrictions of each user. It concludes with the design or implementation of the feasible solution or preparation of prototypes, and analysis and validation of results.
Additional
ARTS, SPORTS AND LANGUAGES ELECTIVE COURSES
1 credits - 1.9 ECTS
HUMANITIES ELECTIVE COURSES
1 credits - 1.9 ECTS
SELECTED ELECTIVE COURSE
3 credits - 5.8 ECTS
SELECTED ELECTIVE COURSE
3 credits - 5.8 ECTS
At the completion of the degree students are prepared to work in management positions in the areas of Auditing, process design, internal control, an d finance. Also, as a consultant or external auditor.
Occupational Profile
Our graduates are able to develop the following tasks:
- To be an enterpreneur.
- To participate in the design, implementation and evaluation of management systems, internal control, following good practices and methodologies to meet the requeriments of organizations.
- Evaluate the financial information and the accomplisment of fiscal subjects within an organization, considering current regulations, to form a technical opinion to make decisions.
- Finish the curriculum.
- Accomplish 336 hours of internship.
- Deliver the graduation project according to the requirements needed at the time of the graduation.
The Capstone Project is a culminating requirement for graduation. These projects provide students with the experience of applying acquired knowledge and skills to the needs of society, with a focus on sustainability.
The IDEAR Fair showcases all Capstone projects, offering students a valuable opportunity to showcase their work and hone soft skills such as communication and teamwork. It is also a space for students to network with potential clients and future employers.
Explore all of the Capstone projects completed by the Auditing and Management Control program.
DID YOU KNOW?
Graduates in Audit and Management Control have the ability to sign financial statements, which gives them the authority and responsibility to ensure the accuracy and integrity of organizations' financial statements. This is not only a testament to the knowledge and experience gained during your training, but also a recognition of your commitment to the highest standards of ethics and professionalism in your work.
In addition, professionals are also authorized to sign statements before the SRI. This is essential, since these declarations are crucial for the tax compliance of companies and individuals. The signature of a graduate in Audit and Management Control implies that the reports presented comply with current tax regulations and are truthful.
