ACC2064 : Auditing and Assurance
- Offered for Year: 2021/22
- Module Leader(s): Mr Christopher Soan
- Demonstrator: Mr Aidan Beck
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 15 |
| ECTS Credits: | 13.0 |
Aims
• To develop students’ understanding of Audit and Assurance.
• To cover the material required by ICAEW for its Certificate and Professional Level papers 'Auditing' and 'Auditing and Assurance'.
Outline Of Syllabus
- The concept, process and need for assurance
- Internal controls
- Gathering evidence on an assurance engagement
- Professional ethics
- Legal, ethical and current issues
- Accepting and managing engagements
- Concluding and reporting in assurance engagements
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 38 | 1:00 | 38:00 | In-person lectures; potential 2 x 1 hour sessions or 1 x 2 hour sessions |
| Guided Independent Study | Assessment preparation and completion | 64 | 1:00 | 64:00 | Extensive question practice within own time is a requirement. |
| Scheduled Learning And Teaching Activities | Lecture | 5 | 1:00 | 5:00 | Mock exams in Semester 1 (Assurance) and Semester 2 (Audit and Assurance) |
| Guided Independent Study | Directed research and reading | 64 | 1:00 | 64:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | In-person seminar type sessions |
| Guided Independent Study | Independent study | 66 | 1:00 | 66:00 | N/A |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 7 | 1:00 | 7:00 | Q&A live sessions ONLINE |
| Total | 250:00 |
Teaching Rationale And Relationship
Structured guided learning sessions are used to provide the basic framework, demonstrate techniques and explain concepts and theory. The module will include worked examples to develop problem-solving and technical skills which students can then practice. These are supported by student reading of texts and directed learning where students must practice questions to help them prepare for the final assessment. Students will also receive formative feedback by sitting “mock” assessments for Papers 'A' (Semester 1) and 'B' (Semester 2) and completing progress tests as part of independent study for self-marking.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 90 | 1 | A | 30 | Organised in house by NUBS in Nov/ Dec. |
| Written Examination | 150 | 2 | A | 70 | Organised in house by NUBS in BAF Assessment Period. |
Formative Assessments
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Written Examination | 1 | M | Mock Exam |
| Written Examination | 2 | M | Mock exam |
| Prob solv exercises | 1 | M | Practice questions are provided for students to sit and mark in their own time as part of independent study. |
| Prob solv exercises | 2 | M | Practice questions are provided for students to sit and mark in their own time as part of independent study. |
Assessment Rationale And Relationship
This module will be assessed entirely by unseen examinations in order to satisfy the requirements of the ICAEW Certificate Level (Semester one) and Professional Level (Semester Two). Unseen examinations with access to Open Book reference materials is a sensible assessment strategy for knowledge and understanding and for the skills developed on this module.
Students will have the opportunity to gain feedback on progress by interaction and active undertaking of worked examples and completing progress tests and mock assessments, which are self marked and marked, respectively and gone through in-class with marker comments.
There are no alternative assessments. Accreditation requires in-person invigilated assessments by virtue of this module forming part of the ICAEW 'Golden Four' assessments.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ACC2064's Timetable