Module Details
Module Code: |
BUSS C3319 |
Module Title:
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Audit and Assurance 1
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Title:
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Audit and Assurance 1
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Module Level:: |
8 |
Module Coordinator: |
Myles Kelly
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Module Author:: |
Mairead Bohan
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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.
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Learning Outcomes |
On successful completion of this module the learner will be able to: |
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Learning Outcome Description |
LO1 |
Define and explain the key terms, concepts and practices for the audit framework, regulatory environment, corporate governance, ethics and internal audit, audit planning and risk assessment, audit review and reporting. |
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.
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
Additional Requisite Information
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No Co Requisites listed
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Indicative Content |
Audit framework, regulation and Internal audit
The concepts of auditing, other assurance engagements and Statutory Audits, The regulatory environment, Professional ethics and conduct.Quality control in audit firms. Corporate governance, Internal Audit (differences with external audit).
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Planning and Risk assessment
Objective and general principles, Assessing the Audit Risk. Understanding the entity and its environment, Materiality, fraud, laws & regulations, Analytical procedures, Planning an audit, Audit documentation.
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Review and Reporting
Subsequent events, Going Concern, Written representations, Audit finalisation and the final review. Audit reports, Reports to Management.
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Module Content & Assessment
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Assessment Breakdown | % |
Continuous Assessment | 20.00% |
End of Module Formal Examination | 80.00% |
AssessmentsFull Time
End of Module Formal Examination |
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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.
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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 |
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Contact |
No Description |
Every Week |
4.00 |
4 |
Independent Learning |
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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
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Recommended Book Resources |
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Martin Nolan, Christine Nangle. (2018), External Auditing and Assurance An Irish Textbook, 3rd. Chartered Accountants Ireland, [ISBN: 9781912350032].
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Alan Millichamp,John R. Taylor. (2018), Auditing, 11th. Cengage, [ISBN: 9781473749306].
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Kaplan Publishing. ACCA Audit and Assurance (AA) Study Text, Latest. Kaplan Publishing.
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BPP Learning Media. ACCA Study Text: Applied Skills Audit and Assurance (International), Latest Edition. BPP Learning Media.
| Supplementary Book Resources |
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Iain Gray, Stuart Manson, Louise Crawford. (2019), The Audit Process, 7th. Cengage, [ISBN: 9781473760189].
| This module does not have any article/paper resources |
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Other Resources |
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, Irish Auditing and Accounting
Supervisory Authority (IAASA),
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, ODCE (Office of the Director of
Corporate Enforcement),
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, International Auditing & Assurance
Standards Board,
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, Auditing Practices Board (APB) and
Auditing Standards,
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, Accountancy Ireland, Chartered Accountants Ireland.
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, Accounting and Business, ACCA.
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, Accounting, auditing &
accountability journal (online).
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, Accountancy plus, CPA.
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, Chartered Accountants Ireland,
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, Audit Committee Institute,
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, ACCA,
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, CPA,
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