Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| Module Title | |||
| Test of Professional Skills - Assurance and Data | |||
| Reference | BSM401 | Version | 2 |
| Created | April 2022 | SCQF Level | SCQF 11 |
| Approved | May 2019 | SCQF Points | 30 |
| Amended | July 2022 | ECTS Points | 15 |
| Aims of Module | |||
|---|---|---|---|
| To demonstrate professional knowledge of Assurance within an international business environment and the application of digital and technological advances within the business assurance context. | |||
| Learning Outcomes for Module | |
|---|---|
| On completion of this module, students are expected to be able to: | |
| 1 | Plan the audit of statutory financial statements in accordance with applicable standards, including audit evidence collection procedures |
| 2 | Evaluate, in accordance with applicable standards and taking into consideration audit risk and the effectiveness of internal control procedures, findings from the planning and interim stages of the assurance engagements |
| 3 | Evaluate internal control systems and techniques including IT systems used to identify and control risks. |
| 4 | Evaluate in accordance with applicable standards and taking into consideration the results of substantive procedures and the impact of audit misstatements on the audit opinion, findings from the final stages of assurance engagements |
| 5 | Advise on the application of relevant provisions of ethical standards, legislation and professional guidance including assurance engagements and related engagements |
| 6 | Appraise current issues and digital developments relating to the provision of audit-related and assurance services. |
| Indicative Module Content |
|---|
| This module integrates the syllabus content of the Test of Professional Skills - Assurance and Data examination assessed by ICAS. The syllabus covers regulatory environment; control and professional procedures; audit and non-audit assignments; use of digital tools within assurance; current issues and developments. |
| Module Delivery |
|---|
| The content of this module will be delivered via an ICAS training route approved and agreed by the student's employer. |
| Indicative Student Workload | Full Time | Part Time |
|---|---|---|
| Contact Hours | 70 | N/A |
| Non-Contact Hours | 100 | N/A |
| Placement/Work-Based Learning Experience [Notional] Hours | 130 | N/A |
| TOTAL | 300 | N/A |
| Actual Placement hours for professional, statutory or regulatory body | 130 |
| 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, 5, 6 |
| Description: | ICAS Test of Professional Skills exam for Assurance and Data. | ||||
| MODULE PERFORMANCE DESCRIPTOR | |
|---|---|
| Explanatory Text | |
| The module is assessed by one component: C1 - Examination - 100% weighting. This module is not graded. | |
| Module Grade | Minimum Requirements to achieve Module Grade: |
| Pass | Demonstrates that the learning outcomes have been met. |
| Fail | Fails to demonstrate that the learning outcomes have been met. |
| NS | Non-submission of work by published deadline or non-attendance for examination |
| Module Requirements | |
|---|---|
| Prerequisites for Module | BS1072; BS2080 or BS1003; BS1071; BS2070; BS2071; BS3080; BS3070; BS3071; BS3116; BS3117; BS4070; BS4074 |
| Corequisites for module | None. |
| Precluded Modules | None. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 1 | GRAY, I., MANSON, S., CRAWFORD, L. , 2018. The audit process. 7th ed. London: UK Cengage Learning. |
| 2 | PORTER, B., SIMON, J., AND HATHERLY, D., 2014. Principles of external auditing. 4th ed. London: Wiley. |