Module ACCT401JN: Auditing and Assurance Services

Department: Accounting

ACCT401JN: Auditing and Assurance Services

Tied To

• L1T509: Accounting
• N3K109: Finance
• N3K209: Finance (Accounting and Finance)
• N3K309: Finance (Corporate and International Finance)
• N3K409: Finance (Finance and Investment)
• N3K509: Finance (International Money, Finance and Investment)
• N3K609: Finance (International Banking and Finance)
• N3K709: Finance (Economics and Finance)

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To examine the practice of auditing and the underlying concepts including:
• the development of the role of the audit function in modern business society;
• the governance roles/responsibilities of external audit functions;
• the concepts of audit quality and assurance;
• the contribution of audit research in understanding practice and informing policy/regulatory debates.

Content

• An Introduction to Audit and other Assurance Services
• Globalisation of auditing - standards and regulation
• External audit quality issues such as the role of the audit committee
• Professional ethics
• The audit process issues such as audit engagement, sampling and audit risk
• Other process issues such as sampling, materiality and audit evidence
• Audit expectation gap and expanded audit reports
• Alternate assurance and attestation services
• Future of external audit

Learning Outcomes

• By the end of the module students should have a specialist knowledge and critical understanding of:
• the role of external audit function
• the enduring issues surrounding the quality of external audit
• the contribution of audit research in informing policy debate

• By the end of this module students should be able to:
• critically appreciate the role of external audit function in the modern business society.

• written communication
• planning, organising and time management
• problem-solving and analytical skills

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• A combination of lectures, seminars, small group work and guided reading will contribute to achieving the aims and learning outcomes of this module.
• The summative written assignment will test students' specialist knowledge and critical understanding of the material covered in the module, and their communication, problem-solving and analytical skills.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Small group presentations during seminar sessions. Additional formative assessment, and feedback, may take a number of forms such as oral feedback on work prepared by students for seminars; answers to questions either discussed during a seminar, or posted on DUO.