Core Module Information
Module title: Auditing

SCQF level: 09:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: ACC09109
Module leader: Tim Burrows
School The Business School
Subject area group: Accounting and Finance
Prerequisites

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

Description of module content:

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.

Learning Outcomes for module:

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.

Full Details of Teaching and Assessment
2024/5, Trimester 2, In Person, Edinburgh Napier University
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Tim Burrows
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 24 Lectures and reading provide knowledge and draw attention to potential issues. Understanding of the issues and possible methods of auditing is reinforced by examples in tutorials. In advance of every tutorial you will prepare answers to tutorial questions in the module guide provided. In further lectures, supported by your reading from the textbook, you will learn about assessment of the quality of evidence and in tutorial exercises you will assess the truth & fairness of financial statements.
Face To Face Practical classes and workshops 24 You will discuss answers with other students, obtain key knowledge about the auditor's role and theory & practice of auditing, answer tutorial questions about the purpose of an audit and auditors' legal responsibilities, and further theoretical questions about the postulates and essential principles and processes of auditing. Further will deal with audit risk audit risk and the assessment of the control processes within the audited body. You will work through tutorial exercises.
Face To Face Centrally Time Tabled Examination 3 Centrally Time Tabled Examination
Online Guided independent study 149 You will develop a logical and practicable approach to the task of conducting audit work, develop general skills in logical analysis of information and evidence. The ability to communicate requirements to others will also be developed. A study pack will be supplied with reading references and tutorial questions. This module will be taught using International Standards on Auditing and IFRS.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Centrally Time Tabled Examination 70 1~2~3~4~5 Exam Period HOURS= 3 hours The examination will comprise a mix of objective, scenario-based and essay style questions which require you to demonstrate the ability to explain and apply auditing theories and principles to the conduct of audit work.
Report 30 3~4~5 Week 8 , WORDS= 1500 The report will be based on a case study scenario and will require you to demonstrate the ability to conduct an exercise related to audit work. This reflects the need for all professional auditors to be able to present their findings in a clear and concise format.
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100
2024/5, Trimester 2, In Person,
VIEW FULL DETAILS
Occurrence: 002
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Tim Burrows
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 24 Lectures and reading provide knowledge and draw attention to potential issues. Understanding of the issues and possible methods of auditing is reinforced by examples in tutorials. In advance of every tutorial you will prepare answers to tutorial questions in the module guide provided. In further lectures, supported by your reading from the textbook, you will learn about assessment of the quality of evidence and in tutorial exercises you will assess the truth & fairness of financial statements.
Face To Face Practical classes and workshops 24 You will discuss answers with other students, obtain key knowledge about the auditor's role and theory & practice of auditing, answer tutorial questions about the purpose of an audit and auditors' legal responsibilities, and further theoretical questions about the postulates and essential principles and processes of auditing. Further will deal with audit risk audit risk and the assessment of the control processes within the audited body. You will work through tutorial exercises.
Face To Face Centrally Time Tabled Examination 3 Centrally Time Tabled Examination
Online Guided independent study 149 You will develop a logical and practicable approach to the task of conducting audit work, develop general skills in logical analysis of information and evidence. The ability to communicate requirements to others will also be developed. A study pack will be supplied with reading references and tutorial questions. This module will be taught using International Standards on Auditing and IFRS.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Centrally Time Tabled Examination 70 1~2~3~4~5 Exam Period HOURS= 3 hours The examination will comprise a mix of objective, scenario-based and essay style questions which require you to demonstrate the ability to explain and apply auditing theories and principles to the conduct of audit work.
Report 30 3~4~5 Week 8 , WORDS= 1500 The report will be based on a case study scenario and will require you to demonstrate the ability to conduct an exercise related to audit work. This reflects the need for all professional auditors to be able to present their findings in a clear and concise format.
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

Indicative References and Reading List - URL:
Auditing