Module manager: Dr Konstantinos Bozos
Email: K.Bozos@leeds.ac.uk
Taught: Semesters 1 & 2 (Sep to Jun) View Timetable
Year running 2017/18
LUBS1915 Introduction to Financial Accounting AND LUBS1925 Introduction to Management Accounting OR LUBS1235 Introductory Financial Accounting AND LUBS1245 Introductory Management Accounting
| LUBS2035 | Finance for Small Business |
| LUBS3540 | Auditing and Information Systems |
This module is approved as a discovery module
Auditing and Assurance Services is a final level optional module, aiming to provide a critical appreciation of the fundamental theories, concepts and practices in Auditing and Assurance, as applied by professional bodies and auditing professionals. The module relates economic theories to current global auditing practice, outlines key ethical dimensions and describes in detail all the steps involved in statutory audits, as well as in other key assurance services. Prerequisite modules are: LUBS1915 Introduction to Financial Accounting AND LUBS1925 Introduction to Management Accounting OR LUBS1235 Introductory Financial Accounting AND LUBS1245 Introductory Management Accounting This module is mutually exclusive with LUBS3540 Auditing and Information Systems
The aim of this module is to provide students with a critical appreciation of the nature, purpose and scope of statutory audits and other assurance services. By covering a range of theoretical and practical topics, the module aims to help the students develop awareness about the professional practice of audit and assurance services, within the current regulatory framework and ethical standards. Guest lectures by certified accounting and auditing professionals aim to further increase student commercial awareness and link the examined theory with the modern auditing practice.
On completion of the module students will be able to interpret and evaluate:
- some key contemporary theories and relevant empirical research evidence in the fields of auditing and assurance
- the several steps involved in the statutory audit of financial statements, from the initial engagement stage to the publication of the auditor’s report
- the stages involved in the related assurance services
- key issues and relevant empirical research evidence in the areas of auditing and assurance
Transferable:
- Structure, communicate and articulate ideas, arguments and commentary in the form of academic essays and professional quality reports
Subject Specific:
- Critically evaluate audit quality in the context of audit risk and professional standards
- Apply theory to different audit scenarios and case studies
- Identify areas which raise ethical issues for auditors, articulate the consequences of unethical behaviour and formulate professional recommendations
The syllabus covers the key theoretical and practical underpinnings surrounding current audit practice. Indicatively the syllabus includes: Auditing, accountability and control, The regulatory environment and corporate governance, Professional ethics, Auditor responsibility, Auditor independence, Planning and Risk assessment, Audit Review, Audit Reporting, Environmental audit, Internal Audit.
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Lecture | 20 | 1 | 20 |
| Seminar | 10 | 1 | 10 |
| Independent online learning hours | 170 | ||
| Private study hours | 0 | ||
| Total Contact hours | 30 | ||
| Total hours (100hr per 10 credits) | 200 | ||
Reading and preparation for seminars.
Participation in seminars. Students will be given written feedback on optional Non-Assessed practice essays.
| Exam type | Exam duration | % of formal assessment |
|---|---|---|
| Standard exam (closed essays, MCQs etc) | 3.0 Hrs 0 Mins | 100 |
| Total percentage (Assessment Exams) | 100 | |
The resit for this module will be 100% by examination.
The reading list is available from the Library website
Last updated: 1/25/2018
Errors, omissions, failed links etc should be notified to the Catalogue Team