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Durham University

Postgraduate Modules 2019/2020

Module Description

Please ensure you check the module availability box for each module outline, as not all modules will run in each academic year. Each module description relates to the year indicated in the module availability box. Please be aware that modules may change from year to year, and may be amended to take account of, for example: changing staff expertise, disciplinary developments, the requirements of external bodies and partners, and student feedback.

Department: Economics and Finance

ECON43315: Auditing and Assurance Services

Type Tied Level 4 Credits 15 Availability Available in 2019/20
Tied to N3K109 Finance
Tied to N3K209 Finance (Accounting and Finance)
Tied to N3K309 Finance (Corporate and International Finance)
Tied to N3K409 Finance (Finance and Investment)
Tied to N3K509 Finance (International Money, Finance and Investment)
Tied to N3K609 Finance (International Banking and Finance)
Tied to N3K709 Finance (Economics and Finance)
Tied to L1T509 Accounting

Prerequisites

  • None.

Corequisites

  • None.

Excluded Combination of Modules

  • None.

Aims

  • To examine the practice of auditing and the underlying concepts including:
  • the need for an independent audit and the development of the role of the auditor in modern business society;
  • the roles/responsibilities of internal and external auditors;
  • the concepts of audit risk and assurance;
  • the various levels of persuasiveness of different types of audit evidence and explaining the broad principles of audit sampling techniques.

Content

  • An Introduction to Audit and Other Assurance Services
  • Standards, Materiality, and Risk
  • Audit Reports
  • Professional Ethics
  • Audit Evidences
  • The Audit Process and Detecting Fraud
  • Audit Sampling
  • Other Assurance and Attestation Services
  • Compliance and Internal Auditing

Learning Outcomes

Subject-specific Knowledge:
  • By the end of the module students should have a specialist knowledge and critical understanding of:
  • different types of audits, audit opinions and audit reports;
  • the different attestation and assurance services;
  • ethical issues in the context of professional accounting and auditing services.
Subject-specific Skills:
  • By the end of this module students should be able to:
  • identify auditor’s liability issues.
Key Skills:
  • written communication
  • planning, organising and time management
  • problem-solving and analytical skills

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • A combination of lectures, seminars, small group work and guided reading will contribute to achieving the aims and learning outcomes of this module.
  • The summative written assignment will test students' specialist knowledge and critical understanding of the material covered in the module, and their communication, problem-solving and analytical skills.

Teaching Methods and Contact Hours

Activity Number Frequency Duration Total/Hours
Lectures 10 1 per week 2 hours 20
Seminars 4 1 per fortnight 1 hour 4
Preparation & Reading 126
Total 150

Summative Assessment

Component: Written Assignment Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Written assignment 2,500 words max 100% Same

Formative Assessment:

Online test administered via DUO. Additional formative assessment, and feedback, may take a number of forms such as oral feedback on work prepared by students for seminars; answers to questions either discussed during a seminar, or posted on DUO.


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University


    If you have a question about Durham's modular degree programmes, please visit our User Guide. If you have a question about modular programmes that is not covered by the User Guide, or a query about the Postgraduate Module Handbook, please contact us using the Comments and Questions form below.