Demonstrate a systematic understanding of audit requirements and techniques.

Application& Learning

Critically understand the key audit principles and regulations

Reflection &Understanding

Develop an understanding of the motivations behind the fraud.

Application, Knowledge & Problem Solving

Evaluate the importance of management controls in risk assessment.

Analysis & Communication

1. Practical - Presentation 15 mins weighted at 20% (LO 1)

2. Written Exam (2 hours) plus 10 mins reading time (80%) (LOs 2, 3 & 4)

The module explores the principles 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, independence, internal auditing, audit evidence, risk assessment and internal controls. Ultimately you will gain an appreciation of the role of stewardship and how to protect your organisation from internal and external threat.



You will learn about the role of the forensic accountant, identify misconduct including money laundering, the measures that organisations can take to prevent and detect frauds such as computer crime, identity theft and money laundering. Also, how to protect your organisation from a legal perspective. You will then study a selection of topics regarding fraud risk management including management controls and risk assessment. Case studies will be reviewed covering such areas as computer crime, identity theft and money laundering. The module also aims to provide an insight into counterfeiting as a form of fraudulent activity.

The importance of safeguarding assets. This module explores the scope of internal control and the value and function of audit as well as the latest issues in cybercrime and fraud. Ultimately you will gain an appreciation of the role of stewardship and how to protect your organisation from internal and external threat

The learning strategy for the module requires students to commit 200 learning hours (including assessment) of which there will be 48 hours of tutor-led learning and 152 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.



In-class sessions play a crucial role in the learning process, where formative assessments are essential for providing ongoing feedback to both students and the teaching team. Examples of formative assessments include quizzes, class exercises, draft submissions, and peer reviews, all of which help gauge students' understanding of the course material. These assessments enable instructors to identify areas where students may need additional support and adjust teaching strategies as needed. This practical implementation ensures that even in a remote learning environment, students receive the necessary support and preparation for their summative assessments.



Feedback and feedforward on this module in the dual award program would follow the steps implemented:

Cross-Institution Moderation: Implement a moderation process where a sample of feedback from both institutions is reviewed collaboratively. This allows for adjustments to be made to ensure that the quality and tone of feedback are aligned.

Structured Feedforward: Both institutions would follow a consistent approach to feedforward, providing clear, actionable advice on how students can improve in future assessments. This helps students apply feedback effectively across all their modules.

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 International Accounting Bodies

Module study guide and handbook

The University Library and Learning Resources - books and academic journals

The module VLE

Learning support materials and booklets

Internet

Microsoft Office Excel

Microsoft Office PowerPoint

Computer-based quizzes