This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Undergraduate Handbook 2025-2026 (archived)
Module ACCT3151: Audit and Assurance
Department: Accounting
ACCT3151: Audit and Assurance
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 3 | 20 | Available in 2025/2026 | None. | Durham |
Tied To
- N204: Accounting and Management with Placement Year
- N206: Accounting and Management with Study Abroad
- N302: Accounting and Finance with Placement Year
- N304: Accounting and Finance with Study Abroad
- N408: Accounting
- N409: Accounting with Placement Year
- N410: Accounting with Study Abroad
- NN42: Accounting and Management
- NN43: Accounting and Finance
Pre-requisites
- ACCT2111 Assurance
Corequisites
- None
Excluded Combinations
- 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 3 hour written timed invigilated examination and a 2500 word written assignment.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total Hours | Attendance Monitored |
|---|---|---|---|---|---|
| Workshops | 20 | 2 per week | 2 hours | 40 | Yes |
| Preparation and Reading | 160 | ||||
| Total | 200 | ||||
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 70% | On Campus Written Examination | 3 hours | 100% | |
| Assignment | 30% | Assignment | 2500 words max | 100% |
Formative Assessment
Practice tests
Students who do not attend monitored activities shown under Teaching Methods
and Learning Hours, or who fail to complete the summative or formative
assessment(s) specified above, may be subject to the Academic Progress
procedures defined in the University's General Regulation V, and may be
required to leave the University.