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Module Specifications

Archived Version 2010 - 2011

Module Title Auditing and Professional Ethics
Module Code AC512
School DCUBS

Online Module Resources

Module Co-ordinatorMs Brid MurphyOffice NumberQ155
Level 5 Credit Rating 5
Pre-requisite None
Co-requisite None
Module Aims

To familiarise students with the regulatory framework of, and the principles underlying auditing;

To give students an understanding of modern auditing procedures; 

To provide students with an understanding of business and professional ethics.



Learning Outcomes 
  1. Discuss the purpose, role and fundamental principles of auditing
    
     
    
    
  2. Discuss the importance of business and professional ethics in auditing
    
     
    
    
  3. Outline the main steps of the audit process, including audit planning, risk assessment, controls testing and substantive testing
    
     
    
    
  4. Identify and apply relevant audit regulation and standards
    
     
    
    
  5. Identify and evaluate risk factors attaching to a prospective or continuing audit engagement
    
     
    
    
  6. Discuss the importance of audit planning and complete an appropriate audit strategy and audit plan, with regard to a prospective or continuing audit engagement
    
     
    
    
  7. Critically assess an internal control system and associated control risk factors
    
     
    
    
  8. Discuss current issues in external financial audit, including auditor independence and expectations gap
    
     


Indicative Time Allowances
Hours
Lectures 36
Tutorials 10
Laboratories 0
Seminars 0
Independent Learning Time 29
Total 75
Placements
Assignments
NOTE
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
Assessment
Continuous Assessment20% Examination Weight80%
Indicative Reading List

1. Cosserat, G.,  'Modern Auditing',  3rd edition Wiley 2004.

2. Beasley, M et al: Auditing Cases - 'An interactive Learining Approach',  3rd edition Pearson 2006.

3. Gray, I. and Manson, S., 'The Audit Process Principles',  Practice and Causes, 3rd edition 2005.

4. Porter, B., Simon, I. and Hatherly, D., 'Principles of External Auditing',  Wiley 2003.

5. Woolf, E.,' Auditing Today'.  Prentice Hall 1997.

6. Dunn, J. Auditing: 'Theory & Practice' 2nd edition 1996.

Programme or List of Programmes
MBSMBS in Accounting
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