ACCT H3008 - Auditing 2

Module Details

Module Code: ACCT H3008
Full Title: Auditing 2
Valid From:: Semester 1 - 2019/20 ( June 2019 )
Language of Instruction: 
Duration: 1 Semester
Credits:: 5
Module Owner:: Pat O Neill
Departments: Unknown
Module Description: Auditing 2 will describe and analyse the procedures for obtaining audit evidence and apply them to the most significant aspects of the financial statements. It will describe and discuss audit completion procedures and reporting audit findings.It will review current developments in auditing and auditor liability.
 
Module Learning Outcome
On successful completion of this module the learner will be able to:
# Module Learning Outcome Description
MLO1 Plan and carry out audit tests to examine year-end balances in the most common types of financial statement components.
MLO2 Describe the completion and review procedures of an audit.
MLO3 Describe the role of internal audit and other external experts as sources of audit evidence
MLO4 Analyse and draft appropriate audit reports for different situations and describe other types of assurance reports
MLO5 Describe the auditor's responsibilities under the law and in particular concerning fraud and the challenges facing the auditor and the audit industry
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named DkIT 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
 
Module Indicative Content
Plan and carry out audit tests to examine year-end balances in the most common types of financial statement components.
Completing the audit viz. the audit of stock,debtors and prepayments, creditors and accruals, bank and cash, fixed assets, the audit of the P&L
Describe the completion and review procedures of an audit
Completion and review viz. Reviewing for: contingencies and subsequent. Assessing Going Concern. The management representation letter. The final review.
Describe the role of internal audit and their use as a source of audit evidence
How internal and external audit differ.How internal audit functions and its typical work. The factors which determine if the external auditor can place reliance upon the work of internal audit
The audit report. Unqualified and qualifies reports. The circumstances giving rise to various reports
n/a
The legal liability of the auditor and challenges facing the auditing industry
The history of the auditor's legal liability and current developments. The challenges facing the audit industry. Opportunities from other types of assurance engagements such as environmental auditing
Module Assessment
Assessment Breakdown%
Course Work20.00%
Final Examination80.00%
Module Special Regulation
 

Assessments

Full-time

Course Work
Assessment Type Continuous Assessment % of Total Mark 20
Marks Out Of 0 Pass Mark 0
Timing Every Second Week Learning Outcome 1
Duration in minutes 0
Assessment Description
A group or individual based case study or assignment on the audit of an audit balance or class of transactions
No Project
No Practical
Final Examination
Assessment Type Formal Exam % of Total Mark 80
Marks Out Of 0 Pass Mark 0
Timing End-of-Semester Learning Outcome 1,2,3,4,5
Duration in minutes 0
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
A repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

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

 

Module Workload

Workload: Full-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 3.00 3
Directed Reading Non Contact No Description Every Week 1.00 1
Independent Study Non Contact No Description Every Week 5.00 5
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
Workload: Part-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 2.00 2
Directed Reading Non Contact No Description Every Week 2.00 2
Independent Study Non Contact No Description Every Week 5.00 5
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • (2018), ACCA Audit and Assurance Study Manual, Current. Kaplan Publishing, [ISBN: 9781787400863].
Supplementary Book Resources
  • Nolan M and Nangle C. (2018), External Auditing and Assurance,, 3. Chartered Accountants Ireland, [ISBN: 978-1-912350-].
  • Gray I. & Manson S.. (2015), he Audit Process:Principles, Practice and Cases, 5. Cengage Learning EMEA, UK, p.864, [ISBN: 9781408081709].
  • Cosserat G & Rodda N. (2017), Modern Auditing, 4. John Wiley and Sons Ltd, [ISBN: 978-111896282].
  • Porter B., Simon J. & Hatherly D.. (2014), Principles of External Auditing, 4. John Wiley & Sons Ltd, p.816, [ISBN: 978-047097445].
This module does not have any article/paper resources
Other Resources
  • Website, University of the West of England. (2018), The AuditSim.
  • Journals of the Accounting Institutes.
  • Websites to support the recommended textbooks.
  • The Accounting Web website..
  • Student sections of the websites of the accounting institutes.