There are no pre-requisites for this module to be added

Rationale of auditing.Legal and professional framework of auditing.Audit risk and materiality.Analytical reviews, substantive testing and audit evidence.Evaluation and testing of control procedures.Sampling methods in audit testing.Letters to auditee management.Audit of non-current and current assets, liabilities, income, expenditure, reserve movements and reserve balances.Events after the reporting period, going concern questions and audit closure procedures.Audit reports.Auditing postulates.Ethics, responsibilities and public expectations of auditors.

Upon completion of this module you will be able to

LO1: Explain the legal requirements for auditing in the UK and the framework for the professional regulation of auditors.

LO2: Interpret the underlying theory behind the audit process, the purpose of external audit and the essential postulates of auditing.

LO3: Assess the quality and relevance of audit evidence.

LO4: Appraise financial control and recording systems and the value of their outputs as audit evidence.

LO5: Recommend improvements to financial control system.