|
 Academic Year: |
2014/5 |
| Owning Department/School: |
School of Management |
| Credits: |
6 |
| Level: |
Honours (FHEQ level 6) |
| Period: |
Semester 2 |
| Assessment Summary: |
CW 25%, EX 75% |
| Assessment Detail: |
|
| Supplementary Assessment: |
Like-for-like reassessment (where allowed by programme regulations) |
| Requisites: |
Before taking this unit you must take MN20018 or take MN20485 |
| Description: |
Aims: The unit aims to develop an understanding of audit processes and the role of independent auditors in the business environment. Learning Outcomes: On completing this unit students will be able to demonstrate: 1. knowledge of the historical development of auditing theory and practices and the role of auditing in contributing to accountability; 2. understanding of the legal and professional environment within which auditing operates; 3. appreciation of audit techniques, judgment and practical skills to be applied in financial statement auditing; 4. awareness of current professional developments that affect the practice of auditing, both in the UK and internationally; 5. the ability to select and present information relating to the varied aspects of the conceptual and organisational features of professional auditing in a business environment. Skills: Understanding of auditing principles and skills The fostering of possible interest in public accounting. Content: * Introduction & overview; history, scope and purposes of auditing; different types of audits * Concepts and postulates of auditing; the audit expectations gap * Elements of auditing: independence * Elements of auditing: risk assessment, audit objectives, evidence, planning & documentation * Regulatory environment for auditing * Audit planning * Internal control, internal auditing, evaluation of internal control * Designing substantive procedures. |
| Programme availability: |
MN30468 is Optional on the following programmes:School of Management
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