Last modified: 23 Jul 2024 10:43
This course builds on the knowledge and understanding gained in Audit practice in year 3. It will explore the historical context and current professional, regulatory, ethical and societal challenges and developments facing the audit and assurance profession. As such it contextualises financial statement audit within the expanding audit universe. A main objective of the course is to provide an opportunity for students to think critically about the state and future direction of audit as a profession.
| Study Type | Undergraduate | Level | 4 |
|---|---|---|---|
| Term | First Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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This course builds on the knowledge and understanding gained in the year 3 Audit practice course. This course will explore the historical context and current professional, regulatory, ethical and societal challenges and developments facing the audit and assurance profession. As such it contextualises financial statement audit within the expanding audit universe. A main objective of the course is to provide an opportunity for students to think critically about the state and future direction of audit as a profession.
Topics covered will represent current thinking and as such will be updated to reflect contemporary issues, debates and academic thought. Topic areas will include:
The course aims to develop in the students a constructively critical mindset by exposing them to a mix of academic, professional, regulatory and independent material generated by the reviews led by the House of Lords, EU, CMA, Sir John Kingman and Sir Donald Brydon.
Guest lectures/workshops from professional firms will provide a clear link from theory to practice.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 15 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Assessment Type | Summative | Weighting | 70 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Understand | On completion of this course students should have knowledge and understanding of contemporary debates impacting the audit and assurance universe. |
| Reflection | Evaluate | On completion of this course students should demonstrate an ability to think critically about contemporary issues within the audit and assurance universe. |
| Reflection | Evaluate | On completion of this course students should demonstrate an ability to think critically about the remedies proposed to resolve contemporary issues within the audit and assurance universe. |
| Assessment Type | Summative | Weighting | 15 | |
|---|---|---|---|---|
| Assessment Weeks | 33 | Feedback Weeks | ||
| Feedback |
Based on an Ethics Case Study. Word Count: 1,000 |
Word Count | 1000 | |
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Reflection | Apply | On completion of this course students should demonstrate an ability to apply current ethical standards and critically assess their appropriateness in a case study environment. |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
|
|
||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Understand | On completion of this course students should have knowledge and understanding of contemporary debates impacting the audit and assurance universe. |
| Reflection | Evaluate | On completion of this course students should demonstrate an ability to think critically about the remedies proposed to resolve contemporary issues within the audit and assurance universe. |
| Reflection | Evaluate | On completion of this course students should demonstrate an ability to think critically about contemporary issues within the audit and assurance universe. |
| Reflection | Apply | On completion of this course students should demonstrate an ability to apply current ethical standards and critically assess their appropriateness in a case study environment. |
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