Undergraduate Programme and Module Handbook 2024-2025
Module ACCT3151: Audit and Assurance
Department: Accounting
ACCT3151: Audit and Assurance
| Type | Tied | Level | 3 | Credits | 20 | Availability | Available in 2024/2025 | Module Cap | None. | Location | Durham |
|---|
| Tied to | N408 |
|---|---|
| Tied to | N409 |
| Tied to | N410 |
| Tied to | NN43 |
| Tied to | N302 |
| Tied to | N304 |
| Tied to | NN42 |
| Tied to | N204 |
| Tied to | N206 |
Prerequisites
- ACCT2111 Assurance
Corequisites
- None
Excluded Combination of Modules
- ACCT2061 Audit and Assurance
Aims
- To develop students' understanding of the critical aspects of managing an assurance engagement (including audit engagements): acceptance, planning, managing, concluding, and reporting. All of this is set within the context of professional ethics.
Content
- Audit framework and regulation
- Planning and risk assessment
- Internal control
- Audit evidence
- Reviewing and reporting
Learning Outcomes
Subject-specific Knowledge:
- By the end of the module students should be able to:
- Understand the regulatory, professional, and ethical issues relevant to those carrying out an assurance engagement.
- Understand the processes involved in accepting and managing assurance engagements.
- Understand how quality assurance processess mitigate risks.
Subject-specific Skills:
- By the end of the module students should be able to:
- Advise on the regulatory, professional, and ethical issues relevant to those carrying out an assurance engagement.
- Plan assurance engagements in accordance with the terms of the engagements and appropriate auditing and assurance standards.
- Conclude and report on assurance engagements in accordance with the terms of the engagement and appropriate standards.
Key Skills:
- Written communication
- Planning and organisation
- Time management
- Problem solving
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Learning will be based on knowledge transfer from workshops and independent study.
- Formative assessment will consist of a number of practice tests.
- Summative assessment will consist of a 2.5 hour written timed invigilated examination and a 2500 word written assignment.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Workshops | 20 | 2 per week | 2 hours | 40 | ■ |
| Preparation, Reading and Independent Study | 160 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 70% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| In-person Written Examination | 2.5 hours | 100% | |
| Component: Assignment | Component Weighting: 30% | ||
| Element | Length / duration | Element Weighting | Resit Opportunity |
| Individual Written Assignment | 2500 words max | 100% | |
Formative Assessment:
Practice tests
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University