SHE level M SCQF credit points 30 ECTS credit points 15 Module code MMN426955 Module Leader Karen McFarlane School Glasgow School for Business and Society Subject Finance and Accounting Trimester A (September start)
Summary of content The aim of the syllabus is to analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments. The module will explore a number of theoretical concepts and practical issues in a deeper context and students will be required to make a critical assessment of conceptual, legal and practical issues explored in this module.
Module details Syllabus arrow_forward Regulatory Environment International regulatory frameworks for audit and assurance services, money laundering, laws and regulations Professional and Ethical Considerations code of Ethics for Professional Accountants, fraud and error, professional liability Quality control and Practice Management quality control (firm-wide), advertising, tendering and obtaining professional work and fees, professional appointments Planning and conducting an audit of historical financial information planning, materiality and assessing the risk of material misstatement, evidence and testing considerations, audit procedures and obtaining evidence, using the work of others, group audits Completion, review and reporting subsequent events and going concern, completion and final review, auditor's reports, reports to those charged with governance and management Other assignments audit-related and assurance services, specific assignments, the audit of social, environmental and integrated reporting, the audit of performance information (pre-determined objectives) in the public sector reporting on other assignments Current Issues and Developments professional and ethical developments, other current issues.
Learning outcomes arrow_forward On successful completion of this module, students should be able to: 1. Recognise the legal and regulatory environment and its impact on audit and assurance practice. 2. Demonstrate the ability to work effectively on an assurance or other service engagement within a professional and ethical framework. 3. 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. 4. Identify and formulate the work required to meet the objectives of audit assignments and apply the International Standards on Auditing. 5. Evaluate findings and the results of work performed and draft suitable reports on assignments. 6. Identify and formulate the work required to meet the objectives of non-audit assignments. 7. Understand the current issues and developments relating to the provision of audit-related and assurance services. 8. Demonstrate a critical in-depth understanding of the principal theories, concepts and principles of auditing and their application to the contemporary audit process.
Teaching / learning strategy arrow_forward The programme is focused on the development of both theoretical and practical auditing skills, and aims to engage students in analysis, research and discussion of real life issues. The teaching and learning strategy aims to embed these attributes. This work based module adopts a blended approach to learning which combines face to face contact and online learning via GCU's virtual learning environment, GCU Learn. The teaching and learning strategy encourages an active and self-directed approach to learning. In the context of a work based ethos, teaching and learning methods use real world and real work scenarios to promote action learning, inquiry based learning, problem based learning and peer learning. These methods include lectures, seminars, online directed learning packages (power point presentations/study guides/videos), podcasts and discussion boards. These approaches will be used to directly involve the students in the process of learning and to encourage collaborative learning amongst students. Learners will be supported during the module by the module team which includes module tutors, work based mentors and Academic Development Tutors. Module tutors act as facilitators and also determine the level and accuracy of knowledge acquisition at key points in the delivery. Additionally, input, when necessary, either directly or with the support of external experts will add to the authenticity, credibility and application of education and learning to the workplace. Work based mentors provide a full spectrum of workplace support helping apprentices to identify relevant work activity that can operate as a source for work-integrated learning, advise on the development of work-based projects, provide feedback on the development of professional competence, and formatively comment on progress in achieving negotiated work-integrated learning objectives. Academic Development Tutors will provide support to help maximise students' potential in relation to academic writing, referencing and the development of effective st
Transferrable skills arrow_forward By the end of this module students will have developed their communication skills through peer to peer discussion generic critical and analytical skills, self-management and report writing skills.
Module structure Activity Total hours Lectures 15.00 Seminars 14.00 Independent Learning 231.00 Assessment 40.00
Assessment methods Component Duration Weighting Threshold Description Course Work001 100 45 Case Study