A course aims to help auditors to approach and conduct audit of financial statements and/or audits of EU funds. Through case exercises, they will become familiar with principles and techniques in financial audit. Financial audit very broadly comprises audit of: • State’s or entities’ accounts or other financial reports, • Budgets, budgets sections, appropriations, and other decisions on the allocation of resources, • Policies, programs or activities defined by their legal basis or source of financing, • Legally-defined areas of responsibility, • Categories of income or payments or assets or liabilities (INTOSAI). Emphasis will be placed on financial auditing principles, techniques, and how to understand accounting principles, financial statements, and how to review them in order to be able to give opinion whether they are free from material misstatements.