Core Module Information
Module title: Auditing (Malaysia)

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

Module code: ACC09309
Module leader: Rachel Findlay
School The Business School
Subject area group: Accountancy Finance and Law


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 internal controls.
Sampling methods in audit testing.
Letters to auditee management.
Audit of fixed and current assets, liabilities, income, expenditure, reserve movements and reserve balances.
Post balance sheet events, going concern questions and audit closure procedures.
Audit reports.
Auditing postulates.
Ethics, responsibilities and public expectations of auditors.

Learning Outcomes for module:

LO1: Explain the legal requirements for auditing 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

Indicative References and Reading List - URL:
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