Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| Module Title | |||
| Audit Theory | |||
| Reference | BS3116 | Version | 3 |
| Created | September 2023 | SCQF Level | SCQF 9 |
| Approved | July 2019 | SCQF Points | 15 |
| Amended | September 2023 | ECTS Points | 7.5 |
| Aims of Module | |||
|---|---|---|---|
| To provide students with an understanding of the key concepts of audit theory and its practical application. | |||
| Learning Outcomes for Module | |
|---|---|
| On completion of this module, students are expected to be able to: | |
| 1 | Analyse the role of corporate governance in an organisation and the role of assurance in this process. |
| 2 | Demonstrate knowledge of the legislation governing auditing and the regulatory framework governing audit and assurance. |
| 3 | Discuss the auditor's process for planning an audit and assessing the risk. |
| 4 | Critically appraise the differing responsibilities of management and the auditor in relation to the prevention and detection of fraud. |
| Indicative Module Content |
|---|
| Introduction to Audit; Appointment, Resignation and Removal; Ethics and Independence; Duty of Care; True and Fair; Risk and Materiality; Fraud; Audit Planning; Internal Controls; Internal Audit |
| Module Delivery |
|---|
| The module is delivered in Blended Learning mode using structured online learning materials/activities and directed study, facilitated by regular online tutor support. Workplace mentor support and work-based learning activities will allow students to contextualise this learning to their own workplace. Face-to-face engagement occurs through modular on-campus workshops. |
| Indicative Student Workload | Full Time | Part Time |
|---|---|---|
| Contact Hours | 15 | N/A |
| Non-Contact Hours | 15 | N/A |
| Placement/Work-Based Learning Experience [Notional] Hours | 120 | N/A |
| TOTAL | 150 | N/A |
| Actual Placement hours for professional, statutory or regulatory body | 120 |
| ASSESSMENT PLAN | |||||
|---|---|---|---|---|---|
| If a major/minor model is used and box is ticked, % weightings below are indicative only. | |||||
| Component 1 | |||||
| Type: | Examination | Weighting: | 100% | Outcomes Assessed: | 1, 2, 3, 4 |
| Description: | Closed book examination | ||||
| MODULE PERFORMANCE DESCRIPTOR | |
|---|---|
| Explanatory Text | |
| The module is assessed by one component: C1 - Examination - 100% weighting. Module Pass Mark = Grade D. | |
| Module Grade | Minimum Requirements to achieve Module Grade: |
| A | A |
| B | B |
| C | C |
| D | D |
| E | E |
| F | F |
| NS | Non-submission of work by published deadline or non-attendance for examination |
| Module Requirements | |
|---|---|
| Prerequisites for Module | None. |
| Corequisites for module | None. |
| Precluded Modules | None. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 1 | GRAY, I., MANSON, S. and CRAWFORD, L., 2019. The audit process. 7th ed. London: Cengage. |
| 2 | PORTER, B., SIMON, J. and HATHERLY, D., 2014. Principles of external auditing. 4th ed. London: Wiley. |