Module Details

Module Code: BUSS C3322
Module Title: Audit and Assurance 2
Title: Audit and Assurance 2
Module Level:: 8
Credits:: 5
Module Coordinator: Myles Kelly
Module Author:: Mairead Bohan
Domains: Business
Module Description: The aim of this module is to equip students with a knowledge and understanding of the concepts and principles of the audit and assurance process (enabled by the students’ knowledge from Financial Accounting). The students will gain an appreciation of its application in the context of the professional regulatory and ethical framework.
The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to a B.A. (Honours) in Accounting program.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Define and explain the key terms, concepts and practices regarding audit evidence, internal control systems assessment and substantive audit procedures.
LO2 Identify and apply appropriate audit and assurance techniques when presented with defined and undefined practical auditing, accounting and business problems.
LO3 Analyse and interpret results and outcomes within an auditing and assurance framework and make recommendations.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
Audit Evidence
Assertions, audit objectives, gathering quality audit evidence, tests of controls, substantive procedures, audit sampling, audit of estimates, analytical review, CAAT (computer assisted audit techniques). Using the work of others.
Internal control
Internal control systems, The use of internal control systems by auditors, The evaluation of internal control components, and transaction cycles. Tests of control, Communication on internal control.
Substantive audit procedures
The use of assertions by auditors, Audit evidence & procedures, Analytical Review. The audit of specific items.
Module Content & Assessment
Assessment Breakdown%
End of Module Formal Examination100.00%

Assessments

Full Time

No Continuous Assessment
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 100
Timing End-of-Semester Learning Outcomes 1,2,3
Non-marked No
Assessment Description
End of Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 4.00 4
Independent Learning Non Contact No Description Every Week 8.00 8
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 2.00 2
Independent Learning Time Non Contact No Description Every Week 8.00 8
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Martin Nolan, Christine Nangle.. (2018), External Auditing and Assurance An Irish Textbook, 3rd. Chartered Accountants Ireland, [ISBN: 9781912350032].
  • Alan Millichamp,John R. Taylor. (2018), Auditing, 11th. Cengage, [ISBN: 9781473749306].
  • Kaplan Publishing. ACCA Audit and Assurance (AA) Study Text, Latest. Kaplan Publishing.
  • BPP Learning Media. ACCA Study Text: Applied Skills Audit and Assurance (International), Latest edition.. BPP Learning Media.
Supplementary Book Resources
  • Iain Gray,Louise Crawford,Stuart Manson. (2019), The Audit Process, 7th Ed.. Cengage, [ISBN: 9781473760189].
This module does not have any article/paper resources
Other Resources
Discussion Note: