Module Title:Audit and Assurance 2
Language of Instruction:English
Credits: 5
NFQ Level:8
Module Delivered In No Programmes
Teaching & Learning Strategies: Lectures - communication of knowledge and ideas from the lecturer to the student. Problem Solving Exercises - student will work as part of a team and will work together to resolve various audit scenarios. Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills. E-Learning - It is envisaged that the module will be supported with on-line learning materials. Self-Direct Independent Learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim: The aim of this module is to equip students with a knowledge and understanding of the concepts and principles of the audit and assurance process (enabled by the students’ knowledge from Financial Accounting). The students will gain an appreciation of its application in the context of the professional regulatory and ethical framework. The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to a B.A. (Honours) in Accounting program.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Define and explain the key terms, concepts and practices regarding audit evidence, internal control systems assessment and substantive audit procedures.
LO2 Identify and apply appropriate audit and assurance techniques when presented with defined and undefined practical auditing, accounting and business problems.
LO3 Analyse and interpret results and outcomes within an auditing and assurance framework and make recommendations.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
Financial Accounting II (BA in Accounting) or its equivalent
 

Module Content & Assessment

Indicative Content
Audit Evidence
Assertions, audit objectives, gathering quality audit evidence, tests of controls, substantive procedures, audit sampling, audit of estimates, analytical review, CAAT (computer assisted audit techniques). Using the work of others.
Internal control
Internal control systems, The use of internal control systems by auditors, The evaluation of internal control components, and transaction cycles. Tests of control, Communication on internal control.
Substantive audit procedures
The use of assertions by auditors, Audit evidence & procedures, Analytical Review. The audit of specific items.
Assessment Breakdown%
End of Module Formal Examination100.00%
No Continuous Assessment
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End of Semester Final Examination 1,2,3 100.00 End-of-Semester

ITCarlow reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 4.00
Independent Learning Every Week 8.00
Total Hours 12.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 2.00
Independent Learning Time Every Week 8.00
Total Hours 10.00