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2019/20 Undergraduate Module Catalogue
LUBS3541 Principles of Auditing
10 creditsClass Size: 50
Module manager: Malek El-Diri
Taught: Semester 1 (Sep to Jan) View Timetable
Year running 2019/20
Pre-requisite qualificationsLUBS1915 Introduction to Financial Accounting and LUBS1925 Introduction to Management Accounting
LUBS1235 Introductory Financial Accounting and LUBS1245 Introductory Management Accounting
This module is mutually exclusive with
|LUBS3550||Auditing and Assurance Services|
Module replacesLUBS3540 Auditing and Information Systems
This module is approved as a discovery module
Module summaryPrinciples of Auditing is a level 3 optional module, which aims to provide an introduction to the principles, concepts and practices of auditing. International auditing practice is linked to underlying conceptual principles and relevant theory, and an overview of key steps and considerations in statutory auditing will be given, as well as consideration of related assurance services such as internal audit.
ObjectivesThe aim of the module is to provide students with a critical appreciation of the nature, purpose and scope of audit, including consideration of practical and theoretical topics, and current developments. The module aims to help students develop an awareness about the professional practice of auditing within the current regulatory framework, focusing on International Standards on Auditing.
Students completing this module will be able to:
1. Interpret and evaluate a range of conceptual principles and theories relevant to auditing.
2. Articulate and evaluate key steps and considerations in statutory auditing and related assurance services, in the context of International Standards on Auditing.
3. Articulate their understanding of audit quality in the context of risk and the regulatory framework.
4. Structure, communicate and critically evaluate ideas in the form of academic essays, including identifying and explaining current issues.
Students will be able to apply principles and concepts to real-life cases and short audit scenarios.
Context for auditing
Auditor responsibilities and independence
Audit evidence collection
|Delivery type||Number||Length hours||Student hours|
|Private study hours||83.00|
|Total Contact hours||17.00|
|Total hours (100hr per 10 credits)||100.00|
Private studyAssigned and additional reading.
Practice exam questions.
Opportunities for Formative FeedbackFormative feedback provided during lectures (in-lecture activities), in seminars (feedback on seminar preparation and group discussions) and on practice exam essays. 2 of the 7 seminar classes will be formative feedback clinics in which students can receive feedback on practice exam essays.
Methods of assessment
|Exam type||Exam duration||% of formal assessment|
|Standard exam (closed essays, MCQs etc)||2 hr||100.00|
|Total percentage (Assessment Exams)||100.00|
The resit for this module will be 100% by 2 hour examination.
Reading listThe reading list is available from the Library website
Last updated: 12/06/2019
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