Module Identifier AC31610  
Module Title THE ROLE OF AUDIT IN SOCIETY  
Academic Year 2001/2002  
Co-ordinator Mr Mahbub Zaman  
Semester Semester 2  
Course delivery Lecture   16 Hours  
  Seminars / Tutorials   3 Hours  
Assessment Semester Assessment     40%  
  Exam   2 Hours   60%  

Brief description


The main emphasis of this module is on the nature and purpose of the external auditor's role. The institutional and regulatory framework within which audits are conducted in the UK is analysed from an economic perspective. The question of what is the appropriate level of audit and audit related services in society is explored and a number of possible role extensions examined. The module also focuses on a number of issues, for example relating to audit independence and audit reporting, which are relevant to the question of whether auditors do in fact perform their ascribed role satisfactorily.