The Business Audit and Law program is aimed at training highly qualified auditors, internal auditors and supervisors, business consultants, financial managers with in-depth specialization in civil, business, and corporate law.
FinU is among the few universities that have been granted the right to implement educational programs with the award of double degrees, which will be fixed in the graduate diploma: bachelor in the training concentration of 38.03.01 Economics with additional degree of specialist in Business Law in the training concentration of 40.03.01.
Alumni of the program are professionals who can conduct audit procedures and audits of financial statements, financial transactions, and processes, assess financial risks, and make recommendations for improving business processes and financial management in companies and government agencies. Our alumni have excellent knowledge of financial accounting and reporting, international and national auditing standards, understand the business processes of companies, their operational risks and how they can affect the company’s financial statements, have developed analytical skills, can analyze financial information, identify inconsistencies, and disclose potential problems, make management decisions based on analysis data and risk assessment.
In-depth study of law, corporate legal relations, the legal regime of corporate property, legal regulation of corporate conflicts and disputes allow our alumni to assess business risks, determine the compliance of the company’s activities with legal requirements, and make the right management decisions more accurately.
Students have internships in large audit companies, law firms and government agencies, which allow our alumni to have valuable work experience in a real environment, to know the specifics of working in various branches of business, public service.
The unique combination of the double-degree program, close cooperation with leading audit and consulting companies, as well as long-term practice of training professionals in audit and law allows us to guarantee 100% employment for all our successful alumni.
Students learn more about international auditing standards, gain skills in planning and organizing audits and internal financial control, study methods for checking general documents and reporting, reflecting the facts of economic life.
The key legal discipline where the legal regulation of property and personal non-property relations related to the acquisition of rights to things, transactions’ conclusion, and execution, including contracts, the performance of contractual and non-contractual obligations, etc. is studied.
A fundamental discipline where students study the practice of financial accounting of non-current and current assets, capital and liabilities, income, expenses, and financial results of companies, etc. Studying this discipline provides students with the amount of special knowledge necessary to work in the departments of financial accounting and analysis, external audit, internal control, and business performance audit.
Students learn more about the legal aspects of the business organization and conduct, its state regulation and control (including registration of entrepreneurs, choice of business form, licensing, certification), legal support of competition (including antimonopoly legislation and consumer protection), legal regulation of certain industries (auditing, advertising, tourism, insurance, agricultural, transport and forwarding activities, construction, securities market).
Students learn more about the specifics of corporate activities’ regulation and control, corporate governance structure, corporate transactions, financial control in corporations, responsibility of participants and shareholders for violations of corporate control legislation, measures to combat corruption and illegal activities.
Two disciplines in which students study methods and technologies of financial and investment analysis, learn to develop and justify optimal solutions in company’s financial resources management, an effective investment policy formation.
Students gain practical skills in working with various civil law contracts: on the transfer of property to ownership and use, on the works’ production, services’ provision, on the rights’ transfer to the results of intellectual activity and on joint activities.
Students learn more about corporate legal relations and the legal regime of corporate property, legal regulation of corporate conflicts and disputes, liability of participants for corporate obligations, legal regulation of transactions with shares and shares, legal regulation of various forms of corporations (JSC, LLC, etc.).
Students gain skills in cost management and calculating the production cost, cost accounting for responsibility and budgeting centers, operational control, and analysis of business performance, learn to informatively support strategic management decisions.
Students learn more about the norms and rules governing labor relations between an employer and an employee, labor, and collective agreements, working hours and rest, wages and labor rationing, guarantees and compensation, financial liability of employees for damage caused, the procedure for settling labor disputes.
Students learn more about the content and procedure for the presentation of financial position statement indicators, the statement of profit or loss and other comprehensive income, the statement of cash flows, the statement of changes in equity, the procedure for the formation of consolidated financial statements.
Students learn more about the legal aspects of resolving conflicts between shareholders and conflicts within management bodies, disputes between companies and ways to resolve them, including arbitration and mediation, as well as acquire practical skills necessary to resolve corporate disputes and conflicts arising within corporate relations.
Alumni of the “Business Audit and Law" program work in various fields related to audit, consulting and legal services, which allows them to choose the most suitable activity for themselves:
The main professional work areas of alumni:
Auditor is an independent professional appointed to conduct an audit of financial statements, financial transactions and processes in a company, organization, or government agency. Auditors can work in large audit firms or independently. Auditors often conduct an external audit, which requires independence from the audited company.
Internal auditor is a professional engaged in internal audit of financial statements, financial transactions and processes within a company, organization, or government agency. Internal auditors are usually appointed by the company's administration and work directly within the company. They can audit internal business processes, financial transactions, and risks, as well as make recommendations for improving internal control and risk management.
Internal controller is a specialist responsible for the development, evaluation, and improvement of the company's internal control. The internal controller can develop internal control procedures, train the company's employees in internal control, evaluate the internal control effectiveness, etc.
Auditor
Unique opportunity to receive double degrees at once during the training: bachelor in the concentration of training 38.03.01 Economics with an additional degree of specialist in Business Law in the concentration of training of 40.03.01;
In-depth study of the economic activity legal regulation in the scope studied in the concentration of training of “Law”: civil, business, corporate, labor law, corporate disputes, and the practice of their resolution;
Specialization from the 1st year, the opportunity to study financial accounting, civil law, the basics of audit and control more deeply, as well as to start internships in the chosen specialty earlier;
Program partners are leading audit and consulting firms with extensive practice, which guarantees all our successful students’ employment during their studies;
“Audit Professional”, project of early professional training and the provision of internship in large international audit companies;
Orientation to practical and project activities, the opportunity to participate in real projects, including international ones, with partner companies of the faculty.
