Programme/Approved Electives for 2023/24
None
Available as a Free Standing Elective
No
This module draws upon knowledge, understanding and capabilities derived from study of previous business law, financial accounting and reporting modules in the accounting programmes. It develops knowledge and understanding of the roles of the external and internal auditor, the regulatory framework and the theory and practice of external and internal audit. Key techniques in auditing will be introduced.By the end of the module, students should appreciate the need for, and nature of, the audit process. This will apply to both external and internal audit, in the private and public sectors. They will also have developed a critical awareness of the roles of auditors within organisations and society.
Aims
This module will provide students with the necessary knowledge of regulatory reforms, audit procedures and the ability to undertake a financial report audit in accordance with current standards. Students will develop knowledge and understanding of the key concepts of audit and assurance, regulatory framework and professional ethics, and technical processes involved in conducting a financial audit including planning, risk assessment, testing, reviewing and reporting.
Talis Aspire Reading ListAny reading lists will be provided by the start of the course.http://lists.lib.keele.ac.uk/modules/man-30039/lists
Intended Learning Outcomes
Lecture 11 hoursTutorials 11 hoursLecture and tutorial preparation 26 hoursAssignment and examination preparation 60 hoursPrivate study 40 hoursExam 2 hours
Description of Module Assessment
1: Class Test weighted 30%Computer-based test1 hour computer based test for multiple choice questions.
2: Unseen Exam weighted 70%2-HOUR unseen examExamination (Exam): An opportunity for students to apply their knowledge and/or understanding under invigilated conditions (typically 2 hours). All examinations should take place on campus. Examination will be scheduled centrally by Student Records and Exams.