Module: Assurance Services:Theory & Practice

Module Specifications.

Current Academic Year 2024 - 2025

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Date posted: September 2024

Module Title	Assurance Services:Theory & Practice
Module Code	AC515 (ITS) / ACC1019 (Banner)
Faculty	DCU Business School	School	DCU Business School
Module Co-ordinator	Caroline McGroary
Module Teachers	Brid Murphy, Julie Bertz(Nee Griffin)
NFQ level	9	Credit Rating	5
Pre-requisite	Not Available
Co-requisite	Not Available
Compatibles	Not Available
Incompatibles	Not Available

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: Resit category 1: A resit is available for both* components of the module. Resit category 2: No resit is available for a 100% continuous assessment module. Resit category 3: No resit is available for the continuous assessment component where there is a continuous assessment and examination element.
* ‘Both’ is used in the context of the module having a Continuous Assessment/Examination split; where the module is 100% continuous assessment, there will also be a resit of the assessment
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