To study this modules you will need the learning equivalent to the module listed or to have passed this module

Corporate Accounting
Equivalent course overseas or preparation of primary financial statements for limited companies in accordance with accounting regulations

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.

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