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Module Title LM Auditing Theory and Practice
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 02898
Module Lead Steve Keepax
Level Masters Level
Credits 20
Semester Semester 2
Pre-requisites
Co-requisites
Restrictions Available to MSc, MBA & Diploma students only
Contact Hours Lecture-0 hours
Seminar-0 hours
Tutorial-0 hours
Project supervision-0 hours
Demonstration-0 hours
Practical Classes and workshops-0 hours
Supervised time in studio/workshop-0 hours
Fieldwork-0 hours
External Visits-0 hours
Work based learning-0 hours
Guided independent study-0 hours
Placement-0 hours
Year Abroad-0 hours
Exclusions none
Description

This module introduces students to the theory and practice of auditing. The module introduces the conceptual framework of audit and relates it to real life examples. The following topics are examined: the regulation of audit, authority to audit and the role of the professions; ethics and independence; auditors duty , its reform and the expectations gap; international auditing standards; the nature of evidence and its application to assertions including the assessment of evidence and audit judgements; the techniques of audit, audit process and audit risk, internal control; and, the auditors' report and the true and fair view.

Learning Outcomes

By the end of the module the student should be able to:

  • demonstrate a comprehensive knowledge and understanding of the underlying conceptual frameworks of audit and related ethical and regulatory issues;
  • demonstrate a critical awareness of the role of international auditing standards;
  • identify and critically appraise the nature of audit evidence, how it is established and evaluated and how auditors reach conclusions and judgements;
  • identify and critically evaluate the techniques of auditing and the processes of audit;
  • critically analyse the contents of the auditors report.
Assessment 02898-01 : Class Test : Class Test (25%)
02898-02 : Examination : Exam (Centrally Timetabled) - Written Unseen (75%)
Assessment Methods & Exceptions Class MCQ test, 1 hour (25%)
3 hour written examination (75%)

Reassessment: 3 hour examination (100%)
Other
Reading List none