Audit and Assurance
Module code: EC3084
Module co-ordinator: Linda Ralphs
Module Aims
The Audit and Assurance module aims with ensure students understand the assurance process and fundamental principles of ethics. It aims to enable them to develop knowledge and apply understanding of internal controls and risk management. The Audit and Assurance module also covers the regulatory framework and corporate governance requirements governing the board of directors and auditors.
Topics Covered
- Define the concept of assurance and describe the assurance process
- Define, identify and classify different types of internal controls
- Critically evaluate the strengths and weaknesses of different methods for obtaining audit evidence
- Explain the increasing need for and importance of professional ethics and how that differs from the legal aspects of auditing
Learning
- 20 one-hour lectures
- 5 one-hour tutorials
Assessment
The module is worth 15 credits towards your third year assessment. This module will be assessed by the following:
1. A one-hour multiple-choice test (20%)
2. A two-hour exam (80%)