Course Resources Archive
ACC305: Advanced Auditing
| Module Title | Advanced Auditing |
|---|---|
| Module Code | ACC305 |
| Module Tutor | Rhian Dow |
| School | Accounting and Law |
| CAT Points | 15 |
| Level of Study | 6 |
| Pre-requisites | Before taking this module you must ( pass ACC205 or pass FM232 or pass FM208 ) and ( pass ACC220 or pass FM230 or pass FM201 ) |
| Co-requisites | While taking this module you must pass ACC320 |
| Restrictions | None |
| Brief Description | This module will further develop students’ understanding of the nature, purpose, scope and regulatory environment and the statutory audit and other assurance type engagements. |
| Indicative Syllabus | The module will further explore the ethical and regulatory framework for audit and assurance, and cover the main practical elements of assurance engagements including planning and risk assessment, evaluation of internal controls, gathering audit evidence, reviewing the financial statements, and reporting. |
| Learning Outcomes | i. Knowledge and understanding By the end of the module, students should be able to: a) Explain the nature, purpose and scope of external audit, including its regulatory and ethical framework b) Describe the nature and role of internal audit and its relationship with the external audit c) Discuss and evaluate the role played by audit in achieving good corporate governance d) Demonstrate how and why the auditor obtains an understanding of the entity and its environment, assesses the risk of material misstatement and plans an audit of financial statements e) Evaluate information systems and internal controls to identify and communicate control risks f) Appreciate and discuss the need for auditors to communicate their findings to those charged with governance, evaluate the different types of audit report and discuss the circumstances in which each is appropriate. ii. Skills By the end of the module, students will have improved their ability to: a) Analyse complex problems and construct logical and coherent responses within an restricted timescale |
| Learning and Teaching Activities | Staff/student content: 20% (lectures and tutorials) |
| Assessment (For further details see the Module Guide) | 001: 100% Written Exam: End of year, unseen, closed book: 3.00 hours |
| Special Assessment Requirements | None |
| Indicative Resources | The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide. |
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