Course Resources Archive

This module is designed to introduce students to the nature, purpose, scope and social role of audit and review.

The module will examine the development, nature and purpose of statutory external audit (both public and private sector), and its regulatory context. It will consider the social role of audit, in the context of the auditing environment post-Enron and the financial crisis. It will cover the differences between external and internal audit and other types of review. It will discuss professional ethics and current developments within the auditing profession. It will describe the stages of a typical audit, and discuss the format and content of possible audit reports.

A student passing this module should be able to: 1. understand and explain the nature, purpose and scope of external and internal audit, and differentiate between them; (PLO2) 2. evaluate the role of external audit in the context of its regulatory and ethical framework; (PLO1) 3. discuss the regulatory framework for audit in the public; (PLO1) 4. assess the need for a code of professional ethics for auditors; (PLO4) 5. describe the stages of an audit, simple audit tests for a range of account balances and transactions; and the format and content of the audit report ; (PLO2) 6. discuss and evaluate recent developments in auditing, and use this understanding to assess the need for further change in the future; (PLO5) 7. communicate an understanding of the concepts underpinning audit both orally and in writing, finding sources data to construct and support arguments and referencing these appropriately. (PLO6, PLO8)

The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide.