ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | ADVANCED AUDITING | ||
Code | ACFI301 | ||
Coordinator |
Mrs H Scott Finance and Accounting Helen.Scott@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 6 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
6 |
12 6 12 |
36 | ||||
Timetable (if known) |
60 mins X 1 totaling 6
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60 mins X 1 totaling 12
60 mins X 1 totaling 12 60 mins X 1 totaling 6 |
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Private Study | 114 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Written Unseen Examination Assessment Type: Written Exam Duration: 2.5 Hours Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty A | 2.5 hours | 100 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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To develop an understanding of the critical aspects of managing an assurance engagement (including audit engagements): acceptance, planning, managing, concluding and reporting. |
Learning Outcomes |
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(LO1) understand and advise on the regulatory,professional and ethical issues relevant to those carrying out an assurance engagement |
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(LO2) understandthe processes involved in accepting and managing assurance engagements |
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(LO3) understand how quality assurance processes mitigate risks |
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(LO4) planassurance engagements in accordance with the terms of the engagements andappropriate standards |
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(LO5) concludeand report on assurance engagements in accordance with the terms of theengagements and appropriate standards |
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(S1) Adaptability |
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(S2) Problem solving skills |
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(S3) Numeracy |
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(S4) Commercial awareness |
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(S5) Organisational skills |
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(S6) Communication skills |
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(S7) International awareness |
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(S8) Lifelong learning skills |
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(S9) Ethical awareness |
Teaching and Learning Strategies |
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Teaching Method: Online Asynchronous Learning Materials Teaching Method: Seminar Teaching Method: Group Study Costs Information: There are the following non-modular requirements: |
Syllabus |
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The nature and purpose of the audit function Auditing postulates Positive auditing theory The auditor and the law Auditing standards The approach to audit work & audit planning Internal controls Auditing procedures and audit evidence Audit reports Other audit procedures required by ISAs Ethics and independence Assurance |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |