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ACCT3151: Audit and Assurance
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| Type | Tied |
|---|---|
| Level | 3 |
| Credits | 20 |
| Availability | Available in 2024/2025 |
| Module Cap | None. |
| Location | Durham |
| Department | Accounting |
Prerequisites
- ACCT2111 Assurance
Corequisites
- None
Excluded Combinations of Modules
- ACCT2061 Audit and Assurance
Aims
- To develop students' understanding of the critical aspects of managing an assurance engagement (including audit engagements): acceptance, planning, managing, concluding, and reporting. All of this is set within the context of professional ethics.
Content
- Audit framework and regulation
- Planning and risk assessment
- Internal control
- Audit evidence
- Reviewing and reporting
Learning Outcomes
Subject-specific Knowledge:
- By the end of the module students should be able to:
- Understand the regulatory, professional, and ethical issues relevant to those carrying out an assurance engagement.
- Understand the processes involved in accepting and managing assurance engagements.
- Understand how quality assurance processess mitigate risks.
Subject-specific Skills:
- By the end of the module students should be able to:
- Advise on the regulatory, professional, and ethical issues relevant to those carrying out an assurance engagement.
- Plan assurance engagements in accordance with the terms of the engagements and appropriate auditing and assurance standards.
- Conclude and report on assurance engagements in accordance with the terms of the engagement and appropriate standards.
Key Skills:
- Written communication
- Planning and organisation
- Time management
- Problem solving
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Learning will be based on knowledge transfer from workshops and independent study.
- Formative assessment will consist of a number of practice tests.
- Summative assessment will consist of a 2.5 hour written timed invigilated examination and a 2500 word written assignment.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total | Monitored |
|---|---|---|---|---|---|
| Workshops | 20 | 2 per week | 2 hours | 40 | Yes |
| Preparation, Reading and Independent Study | 160 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 70% | ||
|---|---|---|---|
| Element | Length / Duration | Element Weighting | Resit Opportunity |
| In-person Written Examination | 2.5 hours | 100 | |
| Component: Assignment | Component Weighting: 30% | ||
|---|---|---|---|
| Element | Length / Duration | Element Weighting | Resit Opportunity |
| Individual Written Assignment | 2500 words max | 100 | |
Formative Assessment
More information
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