Registry
Module Specifications
Current Academic Year 2012 - 2013
Please note that this information is subject to change.
| |||||||||||||||||||||||||||||||||||||||||
| Description | |||||||||||||||||||||||||||||||||||||||||
|
To develop further students' understanding of modern auditing procedures and to develop students' knowledge of current issues and recent developments in auditing.Students will examine the process of designing and implementating audit strategies, audit tests and the techniques employed by the modern auditor within the accounting profession. As part of their understanding of how the auditor reviews financial statements and reports thereon, students will consider issues such as managerial representations, the process of formulating the audit opinion as well audit qualifications and process of reaching the conlusion of the audit report. Finally, students will be provided with an extensive grounding in the contemporary issues within auditing such as auditing and fraud, auditor liability and the social and environmental aspects of auditing. The module will be delivered through a combination of lectures and tutorials. | |||||||||||||||||||||||||||||||||||||||||
| Learning Outcomes | |||||||||||||||||||||||||||||||||||||||||
|
1. Complete substantive audit testing on individual audit components, including fixed assets, inventories, receivables, bank, payables and reserves. 2. Identify and evaluate the appropriateness and sufficiency of audit evidence. 3. Assess audit concerns with regard to post-balance sheet events, contingencies and going concern. 4. Perform a review of audit work documentation and audit conclusions. 5. Identify and evaluate the appropriateness of unqualified, modified and qualified audit reports. 6. Discuss further current issues in financial audit, including auditor liability and fraud. | |||||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
|||||||||||||||||||||||||||||||||||||||||
| Indicative Content and Learning Activities | |||||||||||||||||||||||||||||||||||||||||
|
Audit Testing, Procedures and Techniques. Design and execution of audit strategy for Balance Shee components, Auditing in a computer environment; Audit of group financial statements.. Audit Review and Reporting. Going concern considerations and post balance sheet events review; Contingencies and commitments; Review and conclusion of an audit; Representations by management; Formation of an audit opinion; Audit reports including qualified audit reports. Concept of true and fair view.. Current Issues and Developments. The content of this section of the course will reflect the important issues at the time of teaching. Topics include: Auditors'liability to third parties; Auditors' responsibility in relation to fraud; Social and environmental auditing; Opportunities and challenges facing the auditing profession.. | |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||
| Indicative Reading List | |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||
| Other Resources | |||||||||||||||||||||||||||||||||||||||||
| None | |||||||||||||||||||||||||||||||||||||||||
| Array | |||||||||||||||||||||||||||||||||||||||||
| Programme or List of Programmes | |||||||||||||||||||||||||||||||||||||||||
| MBS | MSc in Accounting | ||||||||||||||||||||||||||||||||||||||||
| PBSSA | PG Exchange(Business School) | ||||||||||||||||||||||||||||||||||||||||
| Timetable this semester: Timetable for AC515 | |||||||||||||||||||||||||||||||||||||||||
| Date of Last Revision | 12-JAN-11 | ||||||||||||||||||||||||||||||||||||||||
| Archives: |
| ||||||||||||||||||||||||||||||||||||||||
