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. In addition, students will be able to process and audit transactions themselves as part of the seminars that accompany the lectures. A level of critique of the Audit Industry is also encouraged through discussion and analysis of academic journal articles. A range of contemporary and traditional topics are studied including extant standards, the audit process and audit failures.
Learning Outcomes
By the end of the module students should be able to:
Discuss the underlying conceptual frameworks of audit and related ethical and regulatory issues
Critically review 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 auditor’s report.