Audit (ACCA) 2400-ZEWW776(ACCA)
Consecutive lectures focus on the following topics:
1. A Audit framework and regulation
2. B Planning and risk assessment
3. C Internal control
4. D Audit evidence
5. E Review and reporting
6. F Employability and technology skills
Type of course
Course coordinators
Learning outcomes
On successful completion of this course, candidates should be able to:
A Explain the concept of audit and assurance and the functions of audit, corporate governance, including ethics and professional conduct.
B Demonstrate how the auditor obtains and accepts audit engagements, obtains an understanding of the entity and its environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements
C Describe and evaluate internal controls, techniques and audit tests, including IT systems to identify and communicate control risks and their potential consequences, making appropriate recommendations. Describe the scope, role and function of internal audit.
D Identify and describe the work and evidence obtained by the auditor and others required to meet the objectives of audit engagements and the application of the International Standards on Auditing (ISAs)
E Explain how consideration of subsequent events and the going concern principle can inform the conclusions from audit work and are reflected in different types of auditor’s report, written representations and the final review and report.
F Demonstrate employability and technology skills
Assessment criteria
To complete the course, the student has to pass a written exam.
The exam is divided into two sections: Section A consisting of 15 multiple choice questions (each question is worth 2 marks) and Section B consisting of 3 open questions (two question are worth 20 marks and 1 question is worth 30 marks). Pass mark: 50%.
During the exam students can only use a simple calculator.
Bibliography
Mandatory literature:
International Standards on Auditing (ISAs)
Assurance Engagements other than Audits or Reviews of
Historical Financial Information
ACCA’s Code of Ethics and Conduct (2017)
The UK Corporate Governance Code as an example of a
code of best practice (Revised April 2016)
FRC Guidance on Audit Committees (Revised April 2016)
as an example of guidance on best practice in relation to
audit committees
Additional reading:
Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Fourth Edition
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: