Auditing Theory and Practice

• • The Nature and Purpose of Auditing
  • The Profession and Professional Ethics
  • Initial Planning - the Audit Strategy
  • Materiality and Audit Risk
  • Internal Control
  • Audit Program
  • The Sales and Collection Cycle
  • Verification of Assets and Liabilities
  • Completing the Audit
  • Legal Liability of Auditors

You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:

• USA-ACG27-Financial Accounting 2

Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s)

Special requirements

No special requirements

To introduce students to the advanced concepts and current issues relating to the external audit function and its role in business and the legal environment, and to familiarise students with auditing techniques, procedures and standards applied in auditing practice.

• 2000 Words (40%)
• Invigilated Exam - 3 hours (60%)