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2022/23 Undergraduate Module Catalogue

LUBS3550 Auditing and Assurance Services

20 creditsClass Size: 90

Module manager: Alan Duboisee De Ricquebourg

Taught: Semesters 1 & 2 (Sep to Jun) View Timetable

Year running 2022/23

Pre-requisite qualifications

LUBS1915 Introduction to Financial Accounting AND LUBS1925 Introduction to Management Accounting AND LUBS2290 Intermediate Financial Accounting
LUBS1235 Introductory Financial Accounting AND LUBS1245 Introductory Management Accounting AND LUBS2291 Financial Accounting and Reporting

This module is mutually exclusive with

LUBS3541Principles of Auditing

This module is approved as a discovery module

Module summary

Auditing and Assurance Services is a final level optional module, aiming to provide a critical appreciation of the fundamental theories, concepts and practices in Auditing and Assurance, as applied by professional bodies and auditing professionals. The module relates economic theories to current global auditing practice, outlines key ethical dimensions and describes in detail the principal steps involved in statutory audits, as well as in other key assurance services.


The aim of this module is to provide students with a critical appreciation of the nature, purpose and scope of statutory audits and other assurance services. By covering a range of theoretical and practical topics, the module aims to help the students develop awareness about the professional practice of audit and assurance services, within the current regulatory framework and ethical standards.

Learning outcomes
On completion of the module students will be able to interpret and evaluate:
- some key contemporary theories and relevant empirical research evidence in the fields of auditing and assurance
- the several steps involved in the statutory audit of financial statements, from the initial engagement stage to the publication of the auditor’s report
- the stages involved in related assurance services such as internal audit
- key issues and relevant empirical research evidence in the areas of auditing and assurance

Skills outcomes
- Structure, communicate and articulate ideas, arguments and commentary in the form of academic essays and professional quality reports

Subject Specific:
- Critically evaluate audit quality in the context of audit risk and professional standards
- Apply theory to different audit scenarios and case studies
- Identify areas which raise ethical issues for auditors, articulate the consequences of unethical behaviour and formulate professional recommendations


The syllabus covers the key theoretical and practical underpinnings surrounding current audit practice.

Indicatively the syllabus includes: Auditing, accountability and control, The regulatory environment and corporate governance, Professional ethics, Auditor responsibility, Auditor independence, Planning and Risk assessment, Internal Control and Fraud, Audit Evidence Collection, Completion and Review, Audit Reporting, other Assurance Services.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours170.00
Total Contact hours30.00
Total hours (100hr per 10 credits)200.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Marked assignments in each semester as well as opportunities to obtain formative feedback in seminars and consultation hours.

Methods of assessment

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)3 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

The resit for this module will be 100% by 3 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 14/12/2022


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