Registry
Module Specifications
Archived Version 2003 - 2004
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| Module Aims | |||||||||||||||||||||||||||||
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To develop further students' understanding of modern auditing procedures and to develop students' knowledge of current issues and recent developments in auditing.
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| Learning Outcomes | |||||||||||||||||||||||||||||
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On completion of the module, the student should be able to:
1. understand advanced auditing procedures;
2. Appreciate developments in the area of corporate governance; and
3. appreciate the current issues and developments in auditing.
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| NOTE | |||||||||||||||||||||||||||||
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Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module. | |||||||||||||||||||||||||||||
| Indicative Syllabus | |||||||||||||||||||||||||||||
| Audit Testing, Procedures and Techniques: Auditing in a computer environment; Audit of group financial statements. Audit Review and Reporting: Going concern considerations and post balance sheet events review; Contingencies and commitments; Review and conclusion of an audit; Representations by management; formation of an audit opinion; Audit reports including qualified audit reports. Current Issues and Developments: The content of this section of the course will reflect the important issues at the time of teaching. Topics to be covered in 1999/00 include: Auditors' liability to third parties; Auditors' responsibility in relation to fraud; Audit expectations gap; Regulation of the auditing profession, Public sector and value for money auditing. Special Engagements, Reports and Investigations: Acquisition; Prospective financial information;Responsibilities in relation to listed companies. | |||||||||||||||||||||||||||||
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| Indicative Reading List | |||||||||||||||||||||||||||||
| ICAI Handbook: Statements of Auditing Standards Cosserat, G. Modern Auditing, Wiley 2000 Woolf, E., Auditing Today, Prentice Hall, 1997. Dunn, J. Auditing Theory and Practice, 2nd ed. 1996 Lee, T., Corporate Audit Theory, Chapman & Hall, 1992. Sherer, M. and Turley, S., Current Issues in Auditing, 3rd ed, Paul Chapman, 1997. McHugh, G. and Rowe, D., Financial Reporting and Auditing: Bridging the Expectations Gap, Oak Tree Press, 1996. | |||||||||||||||||||||||||||||
| Programme or List of Programmes | |||||||||||||||||||||||||||||
| MBS | MBS in Accounting | ||||||||||||||||||||||||||||
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