Undergraduate Course: Audit Practice (ACCN10005)
Course Outline
School | Business School |
College | College of Arts, Humanities and Social Sciences |
Credit level (Normal year taken) | SCQF Level 10 (Year 4 Undergraduate) |
Availability | Available to all students |
SCQF Credits | 20 |
ECTS Credits | 10 |
Summary | Practical implications of auditing concepts. Audit evidence linking audit theory, auditing standards, analytical review, systems audit, transactions audit, year end audit, statistical sampling, materiality and fraud detection. |
Course description |
The objective of this option is to examine how topical issues in auditing are being addressed by academics, standard setters and practitioners. It examines the wider role of auditing in governance, in the investment process and in society. The course is issues-based. The course is ideal for students intending to train with an audit firm but a good understanding of the issues covered is also relevant to management in both the public and private sectors. The session speakers and leaders are from both the academic and practitioner communities.
Syllabus
Business Risk Auditing
Audit Quality
Audit Reporting
Auditor Independence: Tenders and the EU
Audit Tenders
The Audit of Charities
Auditing Groups and International Auditing Regulations
Audit Committees
Student Learning Experience
The course consists of ten two hour sessions in the second semester. The sessions will combine lecturing and discussion for which the class may be divided into groups.
The syllabus is designed to introduce students to the key issues that surround auditing in practice. Lectures cover both
selected research and practical issues that help to inform students of the complexities and uncertainties of the subject.
Students are expected to undertake additional self-study using recommended reading material. This will allow students to reinforce and expand on material given in the sessions.
A feature of the course is its contribution from audit practitioners. Students will have the opportunity to hear about the practice of audit in various organisations. Students are encouraged to discuss the profession with the guest speakers.
|
Entry Requirements (not applicable to Visiting Students)
Pre-requisites |
Students MUST have passed:
Auditing (ACCN10009)
|
Co-requisites | |
Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
Pre-requisites | Visiting students must have at least 4 Accountancy courses at grade B or above. This MUST INCLUDE at least one Auditing course at advanced level. This course cannot be taken alongside 'Accountancy 2A'; 'Accountancy 2B'; 'Accountancy 1A' or 'Accountancy 1B'. We will only consider University/College level courses.
|
High Demand Course? |
Yes |
Course Delivery Information
Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Critically discuss the issues and judgements associated with audit practice.
- Understand and critically discuss the risks and limits associated with audit practice.
- Apply contemporary developments in audit practice.
- Identify shortcomings as well as strengths and weakness in current audit practices.
|
Reading List
A recommended reading list will be given for each session at the start of the course, and additional reading will be handed out at the weekly sessions as appropriate.
The Audit Process by Gray and Manson, the textbook used in the third year auditing module can be useful as a basic revision tool. Principles of External Auditing (fourth edition) by Porter, Simon and Hatherly, is an alternative one with more extensive referencing. |
Additional Information
Graduate Attributes and Skills |
Enable students to make an active contribution to the future evolution of the accounting profession.
Develop creative solutions to problems of information provision and communication and in respect of a variety of decision scenarios.
This course should assist students in becoming effective and efficient from an early stage in their subsequent postgraduate careers. |
Keywords | AP |
Contacts
Course organiser | Dr Eleni Chatzivgeri
Tel: (0131 6)50 8074
Email: |
Course secretary | Mrs Judi Robertson
Tel: (0131 6)50 3900
Email: |
|
|