| Delivery Type | Delivery length / details |
|---|---|
| Lecture | 20 Hours. |
| Seminars / Tutorials | 6 Hours. |
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Assessment | 2500-3000 word essay set in Semester 1 | 25% |
| Semester Exam | 3 Hours set in Semester 2 | 75% |
| Supplementary Exam | 3 Hours | 100% |
On successful completion of this module students should be able to:
* Demonstrate knowledge and understanding of the theoretical basis of modern auditing, of its principles and practical methodologies and of how it is evolving.
* Demonstrate knowledge and understanding of the legal, professional and social environment of, and of the main professional institutions involved in, auditing.
* Demonstrate knowledge and understanding of the interaction between external audit and systems of internal control and internal audit within commercial entities.
* Demonstrate knowledge of the regulatory framework within which audit takes place and a critical understanding of the current problems facing auditing and those responsible for its regulation.
* Demonstrate knowledge and understanding of the role of audit in the public sector in the UK.
* Demonstrate knowledge and understanding of the evolving nature of audit, the various types of assurance service, the development of environmental and social reporting and audit.
* On successful completion of this module students should be able to:
The aim of this module is to provide an overview of the nature of audit within society today encompassing both the private and public sector. It also seeks to enhance student knowledge of current issues relating to corporate governance and accountability by reference both to major multi-national business organisations and devolved market based entities within the public sector.
As economic and social life have become more complex, there has been a growth in the demand for transparancy and accountability in a number of areas. Auditing in its most general sense is an important mechanism for addressing these demands. Historically, financial auditing of some kind has existed wherever economic resources have been entrusted two third parties. More recently failings in private sector accounting and auditing in North America and Europe have highlighted both the importance of audit within the context of corporate governance and also its strengths and weaknesses. Audit, and forms of audit beyond financial audit, has also become increasingly important in the public sector and a significant part of the module will address these developments.
The requirement to prepare for and make presentations at classes encourages both the development of critical and conceptual thinking and also the ability to communicate ideas and thoughts to others. The coursework assessment is designed to make students engage in individual research and knowledge gathering via web and other sources and the requirement for a word processed essay aids computer literacy and the development of analytical writing skills.
This module is at CQFW Level 6