Last modified: 10 Dec 2024 13:46
This course aims to develop the students’ knowledge, understanding and critical awareness of the audit techniques, judgements and practical skills associated with a financial statement audit. The context of the course reflects both the UK and International legal, regulatory and ethical framework.
The course forms an introduction to the 4th year Audit Theory and Evolution course which goes on to explore the historical context and current professional, regulatory, ethical and societal challenges and developments facing the audit and assurance profession.
| Study Type | Undergraduate | Level | 3 |
|---|---|---|---|
| Term | Second Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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This course aims to provide students with a foundational knowledge, understanding and critical awareness of current audit techniques, judgements and practical skills associated with a financial statement audit. The context of the course reflects both the UK and International legal, regulatory and ethical framework.
Topics covered may include:
Guest lectures/workshops from professional firms will provide a clear link from theory to practice.
The course forms an introduction to the 4th year Audit Theory and Evolution course which goes on to explore the historical context and current professional, regulatory, ethical and societal challenges and developments facing the audit and assurance profession.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 30 | |
|---|---|---|---|---|
| Assessment Weeks | 35 | Feedback Weeks | ||
| Feedback |
3 x MCQ Tests |
|||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Understand | Students should be able to demonstrate a knowledge & understanding and critical awareness of the key audit stages, techniques and practical skills applicable to financial statement audit |
| Reflection | Apply | Students should be able to demonstrate an ability to work both individually and as part of a team, both core skills required by the audit profession |
| Assessment Type | Summative | Weighting | 70 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
3-hour exam |
|||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Factual | Understand | Students should be able to demonstrate a knowledge and understanding of the current legal and professional environment within which the financial statement audit practices sit. |
| Procedural | Understand | Students should be able to demonstrate a knowledge and understanding of how the auditor manages risk throughout the financial statement audit process |
| Procedural | Understand | Students should be able to demonstrate a knowledge & understanding and critical awareness of the key audit stages, techniques and practical skills applicable to financial statement audit |
| Procedural | Understand | Students should be able to demonstrate knowledge, understanding and a critical awareness of the key reporting requirements within financial statement audit |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
3-hour exam |
|||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
|
|
||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Reflection | Apply | Students should be able to demonstrate an ability to work both individually and as part of a team, both core skills required by the audit profession |
| Factual | Understand | Students should be able to demonstrate a knowledge and understanding of the current legal and professional environment within which the financial statement audit practices sit. |
| Procedural | Understand | Students should be able to demonstrate a knowledge and understanding of how the auditor manages risk throughout the financial statement audit process |
| Procedural | Understand | Students should be able to demonstrate knowledge, understanding and a critical awareness of the key reporting requirements within financial statement audit |
| Procedural | Understand | Students should be able to demonstrate a knowledge & understanding and critical awareness of the key audit stages, techniques and practical skills applicable to financial statement audit |
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