| Unit name | Auditing |
|---|---|
| Unit code | EFIM30016 |
| Credit points | 20 |
| Level of study | H/6 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Mrs. Sam Bell |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
Fundamentals of Accounting and Finance 1(EFIM10005) or Introduction to Accounting (ACCG10052) or Accounting and Finance for Managers (EFIM10030) |
| Units you must take alongside this one (co-requisite units) |
None |
| Units you may not take alongside this one | |
| School/department | School of Accounting and Finance - Business School |
| Faculty | Faculty of Social Sciences and Law |
A theoretical approach to the practical underpinnings of auditing will be adopted which will have significance to both international and domestic students.
Broadly speaking this unit covers four parts: the auditing industry and its surroundings; auditing concepts and techniques, auditing procedures for business functions, and current issues regarding auditing practice.
Aims to equip students with a sound understanding of the theory, principles and practice of auditing, as well as training on methodology and research skills.
Students should be able to:
a. Understand the theory, principles and practice of auditing and hypothesize why auditing exists.
b. Explain the meaning of key auditing concepts and codes of ethics and be able to apply them to given scenarios.
c. Describe, in general terms, the processes involved in an audit and the nature and structure of the auditing industry.
d. Be able to explain and apply the risk based approach to auditing, distinguish between control and substantive testing and design and describe audit procedures.
e. Discuss the role and responsibility of the auditor including the form and content of the auditors' report.
f. Appraise the audit industry and discuss current issues regarding auditing practice.
Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities
This unit will be assessed by coursework 33% and exam 67%
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM30016).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
