Module Database Search

Module Title

Regulation of auditing profession, auditing concepts, International Auditing Standards

SCQF Points15
ECTS Points7.5
CreatedJuly 2010
ApprovedMay 2014
AmendedAugust 2013
Version No.1

This Version is No Longer Current
The latest version of this module is available here
Prerequisites for Module

To have passed the relevant first year modules or equivalent.

Corequisite Modules


Precluded Modules


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.
2. Discuss the ethical issues surrounding the audit process.
3. Explain the purpose of audit reports and critically analyse the different types of audit opinion.
4. Critically appraise the differing responsibilities of management and the auditor in relation to the detection of fraud.

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

Directed Study

Coursework preparation
Directed study

Private Study

Private study

Mode of Delivery

The mode of delivery is Distance Learning using a variety of online resources.

Assessment Plan

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.

Robert Gordon University, Garthdee House, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781