·        Auditing overview: The audit market and the role of auditor  ·        Ethics, responsibility and legal liability of auditors  ·        Client acceptance and audit planning  ·        Concepts of audit risk  ·        Internal control  ·        Concepts of audit evidence collection  ·        Analytical procedures  ·        Audit reporting and communication  ·        Expectation gap, errors and fraud  ·        Internal audit

2-hour lecture per week followed by 5 1-hour tutorials delivered every two weeks

  Lectures:

 The lectures are intended to provide the students with the essential information, to help them structure the information and to be a source of explanation. Furthermore, short example – cases will be reviewed and discussed during the lectures in order to enhance students’ understanding and promote participation. The last week will also include a revision session. Lecture notes will be made available on ULearn.

 Workshops:

 During the workshops case studies will be discussed with the students. The case studies will cover the main audit scandals/frauds and other issues raised during the lectures. Doing so, students are expected to understand the importance of auditing and connect issues raised in the module with the “real world”. Thus the workshops will be a vehicle for them to build on the knowledge gained in lectures. In addition, the workshops can act as formative assessments, where it will possible to monitor students’ understanding through their participation in the discussion.

 Assessment Strategy:

 Through the final examination students are expected to demonstrate understanding of the concept of auditing and auditing procedures, the differences between internal and external audit and the need for audit and control through the notion of fraud. Through the assignment students are expected to combine skills of project management, time management, research, analysis, report writing to produce a coherent and effective report efficiently which will identify and explain the sources of auditing, the need for financial control and understand the nature of fraud.

Essential Reading

 Gray, I. , and Manson, S., (2008). The Audit Process: Principles, Practices and Cases. 4^th Ed. Cengage Learning. ISBN-13: 9781844806782

 Recommended Reading

 Cosserat and Rodda., (2009). Modern Auditing Wiley, 3^rd Edition.  ISBN: 978-0-470-31973-4

 Background Reading

 Beasley M., Buckless F., Glover S., Prawitt D. (2009). Auditing Cases. 4^th Edition.  Prentice Hall ISBN-13:9780136084150

 Knapp M., (2010). Auditing Cases. 8^th Edition. South-Western Cengage Learning ISBN-13: 978-0-538-46680-6