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 AUDIT AND ASSURANCE | ||
Code | ACUL727 | ||
Coordinator |
Mr BC Wheaton Finance and Accounting Ben.Wheaton@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2019-20 | Level 4 FHEQ | Second Semester | 20 |
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 |
3.25 63 |
66.25 | |||||
Timetable (if known) | |||||||
Private Study | 133.75 | ||||||
TOTAL HOURS | 200 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Semester 2 | 195 minutes. | 100 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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To require students to analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice. To consider current developments in audit and assurance. |
Learning Outcomes |
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(LO1) Students will be able to recognise the legal and regulatory environment and its impact on audit and assurance practice. |
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(LO2) Students will be able to demonstrate the ability to work effectively on an assurance or other service engagement within a professional and ethical framework. |
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(LO3) Students will be able to assess and recommend appropriate quality control policies and procedures in practice management and recognise the auditor’s position in relation to the acceptance and retention of professional appointments. |
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(LO4) Students will be able to identify and formulate the work required to meet the objectives of audit assignments and apply the International Standards on Auditing. |
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(LO5) Students will be able to evaluate findings and the results of work performed and draft suitable reports on assignments. |
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(LO6) Students will be able to identify and formulate the work required to meet the objectives of non-audit assignments. |
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(LO7) Students will be able to understand the current issues and developments relating to the provision of audit-related and assurance services. |
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(S1) Flexibility and adaptability |
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(S2) Problem solving skills |
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(S3) Commercial awareness |
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(S4) Organisational skills |
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(S5) Communication skills |
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(S6) International awareness |
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(S7) Lifelong learning skills |
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(S8) Ethical awareness |
Teaching and Learning Strategies |
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Teaching Method 1 - Interactive Lectures Teaching Method 2 - Formative Progress Test |
Syllabus |
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A. Regulatory Environment B. Professional and Ethical Considerations C. Practice Management D. Planning and conducting an audit of historical financial information E. Completion, review and reporting F. Other assignments G. Current issues and developments Library resources will be accessible through ‘Reading Lists @ Liverpool’ Vital will be used to support the module. Practice question and solutions will be provided. |
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. |