Please note this module descriptor is indicative of the structure of this course and may be subject to change.
This module is designed to introduce students to the nature, purpose, scope and social role of audit and review.
The module will examine the development, nature and purpose of statutory external audit (both public and private sector), and its regulatory context. It will consider the social role of audit, in the context of the auditing environment post-Enron and the financial crisis. It will cover the differences between external and internal audit and other types of review. It will discuss professional ethics and current developments within the auditing profession. It will describe the stages of a typical audit, and discuss the format and content of possible audit reports.
A student passing this module should be able to: 1. understand and explain the nature, purpose and scope of external and internal audit, and differentiate between them; (PLO2) 2. evaluate the role of external audit in the context of its regulatory and ethical framework; (PLO1) 3. discuss the regulatory framework for audit in the public; (PLO1) 4. assess the need for a code of professional ethics for auditors; (PLO4) 5. describe the stages of an audit, simple audit tests for a range of account balances and transactions; and the format and content of the audit report ; (PLO2) 6. discuss and evaluate recent developments in auditing, and use this understanding to assess the need for further change in the future; (PLO5) 7. communicate an understanding of the concepts underpinning audit both orally and in writing, finding sources data to construct and support arguments and referencing these appropriately. (PLO6, PLO8)
A course map contains a list of the individual study units, called modules, that you study to complete your course. Some modules are compulsory, but you can sometimes choose modules outside your core area of study which interest you.
A module is a self-contained, individual unit of study. The module descriptor provides various details about the module including who the module tutor is, what you will be studying, how you will be assessed and what you will have learned once you have completed the module.
Course maps and module descriptors from previous years can be found in the Course Resources Archive.
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