Unit information: Auditing and Assurance Services in 2015/16

Unit name	Auditing and Assurance Services
Unit code	EFIMM0007
Credit points	15
Level of study	M/7
Teaching block(s)	Teaching Block 2 (weeks 13 - 24)
Unit director	Dr. Lu
Open unit status	Not open
Pre-requisites	International Financial Accounting
Co-requisites	None
School/department	School of Economics, Finance and Management
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

This unit will cover five core components:

• The auditing profession and associated regulation and reports;
• Key auditing concepts;
• Selected tests for accounting cycles;
• Computer-aided auditing techniques; and
• The underlying theoretical framework of auditing.

Aims:

By the end of the unit, students will have:

• An understanding of the auditing profession and current issues affecting it;
• Knowledge of fundamental auditing concepts and the underpinning theoretical framework;
• Key skills required to conduct, interpret and understand some key auditing procedures;
• Used and analysed the potential for computer aided auditing techniques.

Intended Learning Outcomes

1. Explain key auditing concepts;
2. Understand, conduct and interpret key auditing procedures;
3. Interpret audit reports;
4. Critically evaluate issues affecting the auditing profession;
5. Improve analytical and report writing skills.

Teaching Information

Lectures, tutorials and practice in computer lab.

Assessment Information

Summative:

2-hour close book exam (Learning outcomes 1, 2, 3, 4) 65%

Coursework (Learning outcomes 1, 4, 5) 35%

In addition there will be ongoing formative homework exercises to consolidate knowledge each week after lectures and to work through during tutorials and computer exercises.

Reading and References

Arens, Elder and Beasley, Auditing and Assurance Services, 14e

Messier, Glover and Prawitt, Auditing and Assurance Services: A Systematic Approach, 8e

Whittington and Pany, Principles of Auditing & Other Assurance Services, 18e

Plus: Various research papers and regulatory reports