Module: Assurance Services:Theory and Practice

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-ordinator	Semester 1: Caroline McGroary Semester 2: Caroline McGroary Autumn: Caroline McGroary
Module Teachers	Caroline McGroary Julie Bertz Niamh Penrose Liam O'Donovan
NFQ level	9	Credit Rating	5
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

None
Array

Description

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.

*Type*	*Hours*	*Description*
Workload	Full-time hours per semester
Lecture	48	Weekly lectures
Independent Study	55	Independent study, lecture material review and preparation for formal examination
Independent Study	22	Independent 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 Assessment	20%	Examination Weight	80%

Type	Description	% of total	Assessment Date
Course Work Breakdown
In Class Test	In-class test, based on practical auditing scenario	20%	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

None

Programme or List of Programmes

MBS	MSc in Accounting

Date of Last Revision

12-JAN-11

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