This module provides students with a comprehensive understanding of corporate governance frameworks and assurance practices, with a particular focus on external auditing. The module explores the principles, concepts, and techniques of auditing, including audit planning, risk assessment, internal control evaluation, audit evidence, and audit reporting.

Students will be introduced to the legal and regulatory environment in which audits are conducted, with emphasis on ethical requirements, quality control standards, auditing standards, auditor independence, fraud, and internal auditing. The module also examines the relationship between corporate governance mechanisms and the audit function, highlighting the role of boards, audit committees, shareholders, and regulators in ensuring accountability and transparency.

While the primary focus is on developed economies, the module incorporates international perspectives on corporate governance and assurance where relevant.

Individual Blog (LO4) 20% – 500 words

Students are required to produce an individual blog focusing on a contemporary issue in corporate assurance and governance. The topic will be based on issues explored during a group formative assessment discussion organised by the tutor. As part of the formative learning activity, students will work collaboratively in groups to discuss a contemporary issue relating to corporate assurance, auditing, or governance. These discussions will encourage students to engage with relevant academic literature, professional guidance, and current developments in practice, and to consider different perspectives on the selected issue. Following the group discussion, each student will independently produce a blog that summarises the key issues discussed and provides a critical reflection on the topic. The blog should demonstrate the student’s ability to research relevant sources, critically evaluate different viewpoints, and clearly and coherently communicate their analysis in a structured written format.

Final Assessment: Written Exam LOs 1,2,3 & 5 – 80% (3 hours + 15 minutes reading time)

The unseen examination assesses Learning Outcomes 1, 2, 3 & 5 and tests students’ knowledge, understanding, application, and critical analysis of auditing and corporate governance concepts. The exam will require students to respond to a range of questions covering corporate governance theory, the legal and regulatory framework for auditing, audit planning and risk assessment, internal controls, audit procedures, and audit reporting. The examination is time-constrained and designed to assess students’ ability to apply principles to unfamiliar scenarios.

Reasonable adjustments and approved alternative formats will be available to test students’ knowledge, understanding, application, and critical analysis of auditing and corporate governance concepts. The exam will require students to respond to a range of questions covering corporate governance theory, the legal and regulatory framework for auditing, audit planning and risk assessment, internal controls, audit procedures, and audit reporting. The examination is time-constrained and designed to assess students’ ability to apply principles to unfamiliar scenarios. Reasonable adjustments and approved alternative formats will be available in accordance with institutional assessment regulations.

The learning strategy for this module is designed to support the progressive development of knowledge, practical skills, and critical understanding in corporate assurance and governance, using a blend of taught sessions, guided practice, and independent study.

Whole group sessions will be delivered through a series of interactive and participatory lectures. These sessions will introduce and explain key concepts, theories, and frameworks relating to corporate governance, auditing, and assurance, providing the foundation for further learning. Lectures will incorporate current business-world examples, case studies, and professional scenarios to contextualise theory and encourage engagement, discussion, and critical reflection.

Small group sessions will take the form of weekly tutorials in which students will work both individually and collaboratively on practical exercises, case-based activities, and problem-solving tasks. These sessions are designed to reinforce lecture content, develop applied auditing and governance skills, and encourage peer learning. Students will be expected to prepare for tutorials through directed reading and preparatory tasks completed outside formal contact hours.

The module will be supported by a range of learning materials available via the Virtual Learning Environment (VLE), including lecture slides, case studies, reading lists, guidance notes, and self-directed learning activities. These resources will enable students to review content, extend their understanding, and manage their learning at a pace and time that suits individual needs.

Students will receive general guidance through the module study guide and targeted support and skills development where required, including advice on assessments, academic writing, presentation skills, and exam preparation. Tutorial sessions will place strong emphasis on formative feedback, with tutors providing ongoing guidance and feedback on students’ progress through discussion, review of exercises, and peer interaction. This approach supports continuous improvement and prepares students effectively for summative assessments.

1. Critically evaluate corporate governance theories and frameworks, and apply them to assess and justify judgements within the legal, regulatory, and ethical environment governing auditing.

Knowledge & Understanding

2. Apply auditing principles and techniques to audit planning, risk assessment, evaluation of internal controls, and the selection of appropriate audit procedures.

Application & Problem-Solving

3. Assess corporate governance, audit, and assurance effectiveness, including boards, auditors, and fraud responses, and communicate findings clearly in professional contexts.

Application & Problem-Solving
Communication

4. Collaborate effectively to critically evaluate management controls in risk assessment and mitigation within complex organisational contexts.

Critical Reasoning & Collaboration

5. Conduct research into corporate governance mechanisms, audit practices, and assurance functions, evaluating evidence to support professional and ethical judgements.

Research Skills

In this section, you must include reference to any specialist software, equipment, databases or licences as well as access to laboratories, simulation suites, etc.

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
Padlet and other digital feedback mechanisms
Computer-based quizzes

Aim for a maximum of 5 key texts, published within the last 5 years, where possible.

Gray, I., Manson, S., Crawford, L., Bradley, L. and Currie, L. (2024) The Audit Process. 8th edn. Andover: Cengage Learning.

Taylor, J.R. and Millichamp, A. (2021) Auditing. 12th edn. Andover: Cengage Learning.

Tricker, B. (2025) Corporate Governance: Principles, Policies, and Practices. 5th edn. Oxford: Oxford University Press.

Kaplan Publishing (2024) Audit and Assurance (AA) Study Text. Kaplan Publishing, London.

Corporate Assurance and Governance invite students to step inside the systems that keep organisations honest, accountable, and trusted. This dynamic module uncovers how audits really work, how risks and fraud are identified, and how internal controls and evidence support credible financial reporting, all within the legal, ethical, and regulatory frameworks that govern professional practice. Students explore the power and responsibility of boards of directors, audit committees, shareholders, and external auditors, and examine how governance codes shape real-world decision-making and corporate performance. Blending theory with practical insight and global perspectives, the module challenges students to think critically about who controls organisations and why, while developing the professional judgement and analytical skills essential for careers in accounting, auditing, finance, risk, and corporate leadership.