The module also explores the principles and techniques of auditing including risk assessment and collecting audit evidence.

You will be introduced to the Legal and Regulatory Framework within which audits are conducted, concentrating on Ethical and Quality Control Standards, Auditing Standards, Independence, Fraud, Internal Auditing, Audit Evidence and Audit procedures.

The concepts, principles and techniques of auditing will also be explored. This will include the stages in the audit processes, Audit Planning and Risk Assessment, Internal Controls, Compliance Testing, Substantive Testing, Computer Audit & Controls, Audit Opinion and Audit Reporting.

When studied as part of the BA (Hons) Accounting and Finance, Two Year BA (Hons) Accounting and Finance, the successful completion of this module may lead to an exemption from a professional accountancy qualification - for up-to-date information on accreditation and exemptions please contact the Course Leader.

1. Presentation (15 mins) (20%) (LOs 1) - You will be required to plan a presentation for the group with specific needs and deliver the session during class-time.

2. An exam of length: 2 hours plus 10 minutes reading time. (80%) (LOs 2-4)

The learning strategy for the module requires students to commit 200 learning hours (including assessment) of which there will be 52 hours of tutor-led learning and 148 hours of independent and self-directed study.

Whole group sessions - a series of participatory lectures will disseminate knowledge and understanding as the foundation for a structured programme of tutorial sessions. Topical business-world examples and case studies will be used extensively to support learning.

Small group sessions - a series of weekly tutorial sessions where students will work individually and in groups on practical exercises to reinforce their learning.

The classroom delivery will be supported by materials available on the VLE to guide further self-directed study at a pace and time convenient to the student.

Students will be provided with general guidance in the module study guide and receive specific guidance and training where needed.

The tutorial sessions include case-based exercises and activities that require students to prepare work outside formal contact hours and to discuss findings with tutors and peers during the tutorial session. As such, formative feedback will be a feature of these sessions.

1. Demonstrate a systematic understanding of audit requirements and techniques.
Application & Learning

2. Critically understand the key audit principles and regulations
Reflection &Understanding

3. Develop an understanding of the motivations behind the fraud.
Application & Knowledge

4. Evaluate the importance of management controls in risk assessment.
Analysis & Communication

The University Library and Learning Resources

Books and academic journals

The module VLE

Electronic databases

Learning support materials

IT facilities

Presentation facilities

Gray, I. and Manson, S. (2019) The Audit Process: Principles, Practice and Cases, 7th Edition. Cengage Learning.

Millichamp, A. & Taylor, J. (2017) Auditing, 11th Edition. Cengage Learning EMEA.

Online resources will be used, as appropriate, such as:

Websites of UK CCAB Accounting Bodies

Websites of International Accounting Bodies

You will develop your knowledge and understanding of the Legal and Regulatory Framework within which the audit is conducted. You will explore the application of technical knowledge and professional judgement to identify and critically appraise audit issues.