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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 qualifications

LUBS1915 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

LUBS3550Auditing and Assurance Services

Module replaces

LUBS3540 Auditing and Information Systems

This module is approved as a discovery module

Module summary

Principles 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.


The 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.

Learning outcomes
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.

Skills outcomes
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 planning
Audit evidence collection
Audit reporting
Assurance services

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours83.00
Total Contact hours17.00
Total hours (100hr per 10 credits)100.00

Private study

Assigned and additional reading.
Workshop preparation.
Practice exam questions.

Opportunities for Formative Feedback

Formative 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 typeExam 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 list

The reading list is available from the Library website

Last updated: 12/06/2019


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