Module Code: H7AUDI
Long Title Auditing
Title Auditing
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: AKARI DEVELOPER
Module Author: AKARI DEVELOPER
Departments:  
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 LO 1. Demonstrate an understanding of the need for, and nature of, third party assurance.
LO2 LO 2. Demonstrate an ability to describe the regulatory framework governing the audit process.
LO3 LO 3. Demonstrate an ability to recognize the ethical responsibilities of the auditor.
LO4 LO 4. Demonstrate an ability to understand the differing roles and responsibilities of company directors, external auditors and internal auditors.
LO5 LO 5. Demonstrate an ability to identify key audit principles and objectives and understand the key features of the audit process
LO6 LO 6. Demonstrate a basic knowledge of the role of auditing standards as a primary resource of guidance.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
The Audit in Context
Responsibility of directors to prepare accounts for shareholders part of stewardship
Qualification as auditors/ Companies Acts/ Regulatory
Framework/Responsibilities & rights of auditors
Auditors comply with Ethical standards & Auditing Standards
Auditing Standards require Planning, risk assessment, understanding of the business & systems Audit procedures to obtain sufficient appropriate evidence to form an opinion Types of evidence e.g. external confirmations, sampling/testing Specific attention to fraud/error, going concern, subsequent events Compliance with laws and regulations (responsibility to report to regulators/3rd parties if certain offences discovered)
Ethical Standards summary
Who sets standards APB etc – scope and authority/standard setting process – high level
Legal liability
Duty of care Negligence
Future developments
EU 8th directive to standardise auditing etc in EU
Teaching methodology
Lectures Case Studies Tutorials
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Assignment % of total: 30
Assessment Date: n/a Outcome addressed: 1,2,3,4,5,6
Non-Marked: No
Assessment Description:
n/a
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5,6
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Tutorial No Description 1 Every Week 1.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Total Weekly Contact Hours 2.00
 

Module Resources

Recommended Book Resources
  • Gray & Manson. The Audit Process, 4TH ED. . Thomson Learning.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: