Essex Business School
Undergraduate: Level 6
Sunday 17 January 2021
Friday 26 March 2021
11 June 2020
Requisites for this module
BE100 or BE110
The objective of this module is to provide a critical appreciation of fundamental auditing concepts, issues and practices. The module begins with an introduction to the role of the auditor followed by an analysis and evaluation of key audit concepts such as the true and fair view, evidence, independence, and main audit approaches, in particular the risk-based approaches to auditing. The module will continue with an examination of the role of audit regulation, internal audit and corporate governance as well as discussion of recent developments in auditor liability and auditor's responsibility with regards to fraud.
• To give students an appreciation of the role of audit as a means of accountability in organisations and society.
• To give students with a knowledge and understanding of key elements in the audit process.
• To enable students to critically evaluate the key research and professional literature dealing with the current issues and controversies in auditing.
• To provide students with a firm foundation for further studies and research in auditing.
On successful completion of the module, students will be able to:
1. Discuss key auditing concepts and types of audit;
2. Evaluate the recent developments in the regulation governing the work of auditors and auditor liability;
3. Evaluate and discuss the effect of recent debates on corporate governance on the practice of auditing and the auditing profession; and
4. Write essays that show they understand and are able to synthesise the relevant on audit theory and practice.
On completion of this module, students should have attained key transferable and subject specific skills that include:
1. Apply and adapt academic skills such as a professional attitude (e.g. honesty and integrity) and commitment, sound communication and awareness of completing tasks to strict deadlines
2. Develop and apply analytical skills and critical thinking in the working environment
3. Analyse information in a logical manner, understand the associated implications and arrive at conclusions
4. Be aware of, and understand, contemporary auditing debates and developments in an international and practical context
5. Apply and adapt theory to different audit scenarios and cases.
No additional information available.
This module is normally delivered through one hour of lecture per week for ten weeks. The purpose of this is to introduce and outline the major issues involved in each week's topic and the discussion of key issues.
There will also be one-hour weekly seminar classes to discuss some key issues in a smaller group. In the classes, you will be put into small groups where you will be required to work together in your group outside the class to prepare for the required tasks set for each class involving questions, problems, mini case studies and review of relevant readings.
You are expected to carry out the required reading and prepare material for presentation with your team in the weekly class sessions.
In academic year 2020-2021 the delivery is likely to be different and involve online learning.
- White, Nick; Wiggetts, Duncan; Oliver-Watts, Guy; Drury, Ken; Cole, Graham; March, Rosalind; Ahern, Tim; Whiteford, Lindy; Indrani, Seeta; Edridge, Antony; Walker, Matt; Barker, Lucy; Toomey, Patrick; Sternberg, Roxy; James, Raji; El-Sharaway, James. (2015) False assurance, London: ICAEW.
- Gray, Iain; Manson, Stuart; Crawford, Louise. (c 2019) The audit process: principles, practice and cases, Andover: Cengage Learning.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
|Coursework / exam
||120 minutes during Summer (Main Period) (Main)
Module supervisor and teaching staff
Dr Maria Ishaque, email: firstname.lastname@example.org.
Spring Danson Kimani, Maria Ishaque
Dr Javed Siddiqui
Senior Lecturer in Accounting
Available via Moodle
Of 49 hours, 20 (40.8%) hours available to students:
29 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.
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