MN52055: Audit and assurance
[Page last updated: 23 October 2023]
| Academic Year: | 2023/24 |
| Owning Department/School: | School of Management |
| Credits: | 5 [equivalent to 10 CATS credits] |
| Notional Study Hours: | 100 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
- Semester 2
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| Assessment Summary: | CWRI 100% |
| Assessment Detail: |
- Auditing and assurance; case study report (CWRI 100%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
While taking this module you must take MN52090
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| Learning Outcomes: |
By the end of the unit, you will have developed:
- Knowledge of the historical development of auditing theory and practices, and alternative (non-financial) perspectives on corporate accountability;
- Understanding of the legal, regulatory and professional environment within which auditing and assurance operate;
- Appreciation of audit techniques, judgment and practical skills to be applied in financial statement auditing;
- Awareness of current professional developments that affect the practice of auditing, both in the UK and internationally;
- The ability to select and present relevant information relating to audit and assurance issues in a business environment;
- A critical understanding of the roles and limitations of audit and assurance in contributing to accountability.
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| Synopsis: | Develop a broad understanding of the theoretical framework as well as the practical principles of auditing and other assurance engagements. You will learn about the current regulations, developments and techniques in audit practice. You will also develop the skills to deal with real-world issues and complexities of the audit process.
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| Content: | Key elements to be included:
- History, scope and purposes of auditing; the meaning of accountability, different types of audit and assurance
- Theory of audit pricing, empirical evidence, and implications for the audit process
- Relevant concepts and postulates of auditing
- Elements of auditing
- Designing evaluation of internal control and substantive procedures
- Regulatory (and governance) environment for auditing
- The roles of internal control and internal auditing, evaluation of internal control
- Social and environmental assurance.
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| Course availability: |
MN52055 is Compulsory on the following courses:
School of Management
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Notes: - This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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