Programme And Module Handbook
Course Details in 2025/26 Session

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Module Title LI Audit
SchoolBirmingham Business School
Department Accounting
Module Code 07 31813
Module Lead Steve Keepax
Level Intermediate Level
Credits 20
Semester Semester 2
Restrictions None
Contact Hours Lecture-40 hours
Seminar-16 hours
Practical Classes and workshops-4 hours
Guided independent study-140 hours
Total: 200 hours
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;
  • auditor's duty and the expectation 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,
  • the distinctions between internal and external audit
  • audit process and audit risk,
  • internal control;
  • contemporary business issues and its impact on external audit;
  • the auditors' report and the true and fair view.
Learning Outcomes by the end of the module. students should be able to:
  • Demonstrate a critical awareness of the role and responsibilities of an auditor.
  • Demonstrate knowledge of the underlying conceptual frameworks of an audit and related ethical and regulatory issues.
  • Identify and evaluate the techniques of auditing and the processes of audit.
  • Explain the nature of audit evidence, demonstrate how it is established and evaluate how auditors reach conclusions and judgements.
  • Contrast the theoretical basis of an audit with the practicalities of delivering an external audit in a contemporary, commercial environment.
  • Critically analyse the external audit process and evaluate the effectiveness of an auditors report.
Assessment 31813-01 : Class test : Class Test (50%)
31813-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions Assessment:
2 hour written examination (50%);
2 hour class test based on early lecture material (50%)

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