Module Descriptors
INTRODUCTION TO AUDIT
ACCT50535
Key Facts
School of Justice, Security and Sustainability
Level 5
15 credits
Contact
Leader: Mayowa Akinbote
Email: mayowa.akinbote@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Pattern of Delivery
- Occurrence A, Disted College, UG Semester 2
- Occurrence B, Disted College, UG Semester 3
Sites
- Disted College
Assessment
- Written Case Assignment - 2000 words weighted at 50%
- Final Written Examination - 3 hours weighted at 50%
Module Details
Module Learning Outcomes
1. Discuss the roles and responsibilities of internal auditors (IA) within an organization and its professional practices.
Knowledge and Understanding
2. Interpret internal control concepts, independently prepare risk assessments and developing plans for performing internal audits.
Application, Problem Solving
3. Discuss the current issue relating to the internal audit practices
Application
Knowledge and Understanding
2. Interpret internal control concepts, independently prepare risk assessments and developing plans for performing internal audits.
Application, Problem Solving
3. Discuss the current issue relating to the internal audit practices
Application
Module Additional Assessment Details
Assessment 1: Written Case Assignment (CLO 1 , CLO 2)
Assessment 2: Final Written Examination (CLO 2, CLO3)
Assessment 2: Final Written Examination (CLO 2, CLO3)
Module Indicative Content
The course aims at providing the student with knowledge and comprehension on the particular conditions relevant for internal auditing and corporate. After this course, students should have developed an understanding for the importance of internal auditing in companies and society at large, as well as the connection to information systems. Students should also have acquired a good knowledge of concepts and framework relevant to internal auditing. Furthermore, students should be able to analyse an organisation with a focus on the planning, performing, and communicating phases of internal audit assurance and consulting engagements.
Module Web Descriptor
The course provides insights on the internal audit and its functions as a trusted advisor to the organization. Its focus on the internal audit process which consists of different topics, such as planning the assignment, performing audit procedures, completion, reporting, audit findings and monitoring mechanisms of organisations. During the course the students will undertake assignment in small groups, where findings are reported in written case assignment.
Module Learning Strategies
Lectures, tutorial, exercises, online forums and class discussion
Module Texts
1. Anderson, U.L., Head, M.J., Ramamoorti, S., Riddle, C., Salamasick, M. and Sobel, P.J., 2017. Internal auditing: Assurance & advisory services. Institute of Internal Auditors Research Foundation.
2. Nzechukwu, P.O., 2016. Internal Audit Practice from A to Z. CRC Press.
3. Fountain, L., 2016. Leading the Internal Audit Function. CRC Press.
4. Arens, A.A., Beasley,M.S., Elder, R.J. and Hogen,C.E. 2020, Auditing and Assurance Services, 17th Edn, Pearson
5. ACCA Audit and Assurance (AA), Study Text 2019-2020 (or future editions), Kaplan Publishing.
2. Nzechukwu, P.O., 2016. Internal Audit Practice from A to Z. CRC Press.
3. Fountain, L., 2016. Leading the Internal Audit Function. CRC Press.
4. Arens, A.A., Beasley,M.S., Elder, R.J. and Hogen,C.E. 2020, Auditing and Assurance Services, 17th Edn, Pearson
5. ACCA Audit and Assurance (AA), Study Text 2019-2020 (or future editions), Kaplan Publishing.
Module Resources
Textbook, Online Resources, ACCA Study Text