AFM2104 : Assurance, Risk and Reporting
- Offered for Year: 2025/26
- Module Leader(s): Dr Kirsty Munro
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 15 |
| Semester 2 Credit Value: | 15 |
| ECTS Credits: | 15.0 |
| European Credit Transfer System | |
Aims
To develop students’ understanding of the critical aspects of managing an assurance engagement (including audit engagements): acceptance, planning, managing, concluding and reporting.
To enable students to prepare complete single entity financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS® Standards).
Students will also be required to explain accounting and reporting concepts and the application of IFRS® Accounting Standards and IFRS® Sustainability Standards to specified single entity scenarios.
Outline Of Syllabus
- Legal and other professional regulations, ethics, accepting and managing engagements
- Planning and performing engagements
- Concluding and reporting on engagements
- Accounting and reporting concepts, sustainability and ethics
- Single entity financial statements
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 117 | 1:00 | 117:00 | N/A |
| Scheduled Learning And Teaching Activities | Lecture | 30 | 2:00 | 60:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | N/A |
| Guided Independent Study | Independent study | 117 | 1:00 | 117:00 | N/A |
| Total | 300:00 |
Teaching Rationale And Relationship
Structured lecture material is used to provide the basic framework, demonstrate techniques and explain concepts and theory. Some lectures will include worked examples to develop problem-solving and technical skills which students can then practice. These are supported by small group seminars, workshops, student reading of texts and directed learning where students can practice questions to help them prepare for the final assessment.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Digital Examination | 180 | 2 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Digital Examination | 2 | M | Mock Exam 180 minutes |
Assessment Rationale And Relationship
This is examined using the ICAEW external examinations to obtain the accreditation. There are no alternative assessments. Accreditation requires in-person invigilated assessments by virtue of this module forming part of the ICAEW "Golden Four" assessments. It must be completed on the ICAEW software.
If students are eligible to a second attempt resit will be an exam and the resit calculation will be based 100% on the completed exam.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- AFM2104's Timetable