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
Year CATS Level Semester CATS Value
Session 2019-20 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 36

 4

         40
Timetable (if known)              
Private Study 110
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1 There is a resit opportunity. Assessment Schedule (When) :2  2.5 Hours    100       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

To develop an understanding of the critical aspects of managing an assurance engagement (including audit engagements): acceptance, planning, managing, concluding and reporting.

Learning Outcomes

(LO1) understand and advise on the regulatory,professional and ethical issues relevant to those carrying out an assurance engagement

(LO2) understandthe processes involved in accepting and managing assurance engagements

(LO3) understand how quality assurance  processes mitigate risks

(LO4) planassurance engagements in accordance with the terms of the engagements andappropriate standards

(LO5) concludeand report on assurance engagements in accordance with the terms of theengagements and appropriate standards

(S1) Adaptability

(S2) Problem solving skills

(S3) Numeracy

(S4) Commercial awareness

(S5) Organisational skills

(S6) Communication skills

(S7) International awareness

(S8) Lifelong learning skills

(S9) Ethical awareness

Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description:
Attendance Recorded: Not yet decided

Teaching Method 2 - Seminar
Description:
Attendance Recorded: Not yet decided

Syllabus
 

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
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.