Registry
Module Specifications
Archived Version 2008 - 2009
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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. Understand the audit reporting process and be able to communicate audit findings; 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 | |||||||||||||||||||||||||||||||||
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Audit Testing, Procedures and Techniques: Design and execution of audit strategy for Balance Shee components, 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. Concept of true and fair view. Current Issues and Developments: The content of this section of the course will reflect the important issues at the time of teaching. Topics include: Auditors''''liability to third parties; Auditors'''' responsibility in relation to fraud; Social and environmental auditing; Opportunities and challenges facing the auditing profession. | |||||||||||||||||||||||||||||||||
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| Indicative Reading List | |||||||||||||||||||||||||||||||||
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International Standards of Auditing ICAI Handbook Cosserat, G., 'Modern Auditing' 2nd editon Wiley, 2004. Gray, I. and Manson, S., 'The Audit Process: Principles, Practice and Cases' 3rd Edition, Pearson 2005. Porter, B., Simon, J. and Hatherly, D., 'Principles of External Auditing' 2nd Edition, Wiley, 2003. Woolf, E., 'Auditing Today' Prentice Hall, 1997. Sherer, M. and Turley, S., 'Current Issues in Auditing' 3rd Edition, Chapman, 1997. | |||||||||||||||||||||||||||||||||
| Programme or List of Programmes | |||||||||||||||||||||||||||||||||
| MBS | MBS in Accounting | ||||||||||||||||||||||||||||||||
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