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Module Specifications..

Current Academic Year 2023 - 2024

Please note that this information is subject to change.

Module Title Assurance Services:Theory and Practice
Module Code AC515
School DCUBS
Module Co-ordinatorSemester 1: Caroline McGroary
Semester 2: Caroline McGroary
Autumn: Caroline McGroary
Module TeachersCaroline McGroary
Julie Bertz
Niamh Penrose
Liam O'Donovan
NFQ level 9 Credit Rating 5
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None

To develop further students' understanding of modern auditing procedures. To develop students understanding of audit completion, ability to evaluate audit findings, form a conclusion of the audit report.

Learning Outcomes

1. Complete substantive audit testing on individual audit components, including non-current assets, inventories, receivables, bank, payables and reserves.
2. Identify and evaluate the appropriateness and sufficiency of audit evidence.
3. Assess audit concerns with regard to post-balance sheet events, contingencies and going concern.
4. Perform a review of audit work documentation and audit conclusions.
5. Identify and evaluate the appropriateness of unqualified, modified and qualified audit reports.

Workload Full-time hours per semester
Type Hours Description
Lecture48Weekly lectures
Independent Study55Independent study, lecture material review and preparation for formal examination
Independent Study22Independent study for assignment
Total Workload: 125

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Audit Testing, Procedures and Techniques
Design and execution of audit testing for Balance Sheet components, including non-current assets, inventory, revenue and receivables, bank and cash, purchases and payables, share capital and reserves; Audit of group financial statements.

Audit Review and Reporting
Going concern considerations and subsequent events review; Related parties; Contingencies and commitments; Analytical Review; Final review of audit work; Representations by management; Communication with those charged with governance

Audit Reporting
Consideration of true and fair view. Conclusion of an audit. Formation of an audit opinion; Audit reports including qualified audit reports.

Assessment Breakdown
Continuous Assessment20% Examination Weight80%
Course Work Breakdown
TypeDescription% of totalAssessment Date
In Class TestIn-class test, based on practical auditing scenario20%Week 26
Reassessment Requirement Type
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
This module is category 1
Indicative Reading List

  • Nolan, M. and Nangle, C.: 0, External Auditing and Assurance – an Irish Textbook, 2016, CAI,
  • Gray, Manson and Crawford: 0, The Audit Process: Principles, Practice and Cases, Cengage Learning,
  • Cosserat and Rodda: 0, Modern Auditing, Wiley,
  • Porter, Hatherly and Simon: 0, Principles of External Auditing, Wiley,
  • Kelly, L.: 0, Advanced Auditing and Assurance, CAI,
  • ICAI: 0, Auditing and Assurance Toolkit (CAP 2), ICAI,
Other Resources

Programme or List of Programmes
MBSMSc in Accounting
Date of Last Revision12-JAN-11

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