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![]() | 2015/6 |
![]() | School of Management |
![]() | 6 |
![]() | Honours (FHEQ level 6) |
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Semester 2 |
![]() | CW 25%, EX 75% |
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Like-for-like reassessment (where allowed by programme regulations) |
![]() | Before taking this module you must take MN20018 OR take MN20485 |
![]() | 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 various 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 * Theory of audit pricing, empirical evidence, and implications for the audit process: balancing the costs and benefits of reducing audit risk * 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. |
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MN30468 is Optional on the following programmes:School of Management
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