Auditing exists to provide assurance to stakeholders that the financial information presented is is reliable and trustworthy.
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Credits
15
Module code
BU30004
You will learn how auditing processes work, how different kids of data are examined and checked to be accurate and trustworthy.
Auditors work with both internal and external stakeholders so you will learn how to use the most appropriate reporting methods for different scenarios.
What you will learn
In this module, you will:
learn about the purpose of the audit, audit process, planning and risk assessment, internal control, audit evidence, audit review and reporting, and auditing ethics and principles
By the end of this module, you will be able to:
explain the principles and procedures of auditing. You will also be able to explain developments in the professional auditing environment
discuss the reasoning behind the techniques. You will also have a suitable grounding in methods for later professional training
meet the current exemption requirements of the professional accountancy bodies
Assignments / assessment
Coursework (20%)
Final written exam (80%)
Teaching methods / timetable
You will attend one two-hour in-person lecture and a one-hour tutorial per week.
Week
Topics covered
1
Introduction to concepts of audit and assurance engagements
Auditor’s independence and ethical standards
2
Legal and professional requirements applicable to auditors