SHE level M SCQF credit points 30.0 ECTS credit points 15.0 Module code MMN426595 Module Leader Leanne Couper 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.
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 32.00 Tutorials 12.00 Seminars 32.00 Independent Learning 184.00 Assessment 40.00
Assessment methods Component Duration Weighting Threshold Description Course Work001 50 45 Case study Course Work002 50 45 Case study