SHE level H SCQF credit points 20 ECTS credit points 10 Module code MHN425674 Module Leader Karen McFarlane School Glasgow School for Business and Society Subject Finance and Accounting Trimester B (January start)
Summary of content The module aims to explore a number of the theoretical and practical issues introduced in the Audit module in a deeper and more critical way. Extensive use is made of journal articles.
Module details Syllabus arrow_forward Conceptual, legal and practical issues . Auditing concepts: Audit expectations gap . Auditor independence: Philosophical and practical dimensions . Audit regulation: The internal/external regulatory debate . The negligence/liability debate . Fraud and illegal acts: Critical assessment of the current situation . Audit reporting: The present report and alternatives . The audit profession . Other relevant current issues in audit
Learning outcomes arrow_forward On successful completion of this module, the student should be able to: 1. Demonstrate a critical in-depth understanding of the principal theories, concepts and principles of auditing and their application to the contemporary audit process. This will be reflected in the coursework and in seminar discussions. 2. Demonstrate a consolidated understanding of contemporary problems and issues in auditing, including ethical issues. This will be reflected in the coursework and in seminar discussions. 3. Demonstrate the ability to apply techniques and skills to a range of practical auditing situations. This will be reflected in the coursework and in seminar discussions. 4. Demonstrate the ability to make formal presentations and facilitate discussion of specialised auditing issues to a peer audience. This will be reflected in seminar discussions.
Teaching / learning strategy arrow_forward The teaching/learning strategy has two interrelated elements: Lectures introduce concepts, techniques and issues. Tutor and student-led seminars provide a range of activities, including discussion of concepts and issues, support for directed and independent learning, tackling of case studies in small groups and group and individual presentations. The learning and teaching strategy for Advanced Audit reflects the need for honours students to be able to work independently and to further develop their ability to discuss, evaluate and critique topic areas. Theoretical and conceptual issues introduced in level 3 Audit are developed further and alternative theories and ideas are also addressed. Topics are introduced in a mixed classroom format, incorporating lecture material with opportunities for interaction, which is facilitated by the restriction on class size to 25 students. Students are expected to engage extensively in private reading and in discussions in order to be able to consider each topic fully. Seminars adopt a variety of teaching styles with an emphasis on student participation through group and individual presentations and informal discussion. The VLE is used to support class activities. Feedback strategy : A: Facilitating the development of self-assessment Students will be asked to identify strengths and weaknesses in their own work in relation to the criteria set out in the marking template before handing the work in for marking. B: Encouraging teacher and peer dialogue The lecturer will review feedback at the tutorials where coursework and other work done by students will be handed back. In reviewing personal transferable skills such as presentation skills individually and in small teams the lecturer will provide constructive instant feedback in discussion with the rest of the class. Students will also be encouraged to discuss the comments they have been given with their peers and suggest strategies to improve their performance next time.
Transferrable skills arrow_forward By the end of this module students will have gained competence in the following key areas: Work in small groups Make solo/group oral presentations to seminar groups Plan and manage workload independently.
Module structure Activity Total hours Lectures 12.00 Seminars 24.00 Independent Learning 134.00 Assessment 30.00
Assessment methods Component Duration Weighting Threshold Description Course Work001 50 35 Facilitation/Participation in seminars Course Work002 50 35 Audit simulation excercise