Prerequisites for Module
To have passed the relevant first year modules or equivalent.
Corequisite Modules
None.
Precluded Modules
None.
Aims of Module
To provide students with the ability to appraise the regulatory framework of auditing concepts and to apply knowledge gained to the audit process.
Learning Outcomes for Module
On completion of this module, students are expected to be able to:
| 1. |
Explain the regulatory framework of auditing.
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| 2. |
Discuss the ethical issues surrounding the audit process.
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| 3. |
Explain the purpose of audit reports and critically analyse the different types of audit opinion.
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| 4. |
Critically appraise the differing responsibilities of management and the auditor in relation to the detection of fraud.
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Indicative Module Content
Company legislation relating to auditing, International Auditing Standards, regulation of the auditing profession, internal auditing, auditor independence, expectation gap, materiality, risk, fraud, ethics, audit evidence and objectives, internal controls, computer auditing, audit reports.
| Indicative Student Workload
Contact Hours
| Distance Learning | Assessment
| 2 |
Directed Study
| | Coursework preparation
| 54 | Directed study
| 34 |
Private Study
| | Private study
| 60 |
Mode of Delivery
The mode of delivery is Distance Learning using a variety of online resources.
Assessment Plan
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Learning Outcomes Assessed
| | Component 1 | 1,2,3,4
| | Component 2 | 1,2,3,4
|
Coursework (80%)
Coursework (20%)
Indicative Bibliography
| 1. | GRAY, I., 2015. The audit process, principles, practice and cases. Andover: Cengage Learning.
| | 2. | HAYES, R. et al., 2014. Principles of auditing: an introduction to the international standards on auditing. 3rd ed. Harlow: Financial Times Prentice Hall.
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