SCHOOL OF BUSINESS MANAGEMENT

AND FINANCE

Module Information Pack

Programme : BSc (Hons) Accounting with Finance

Cohort : BACF 16A/FT

Module : Advanced Auditing

Academic year : 2017/2018

Level : 2 semester 1

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Programme Director: Mr D Padachi

Programme Coordinator: Mrs Aleesha Boolaky

Module Coordinator: Mr J Dodah

Module Convenor: Mr J Dodah

E-mail: jdodah@govmu.org, jdodah@gmail.com

Phone no : 2122096/97(office)

Academic Tutoring: As per appointment

Credits & Level: 4 credits

Method of Delivery
& frequency of Class: 15 weeks; 15 x 3 hours sessions of lectures

Method and Criteria

of Assessment: 70% 3-hrs Exam & 30% Coursework

Lecture Venue and Time: As per time-table

Summary of module content

Introduction to financial statement auditing, Ethics for professional accountants, Client

acceptance, Risk Assessment & Materiality, Audit Evidence, Audit planning & types of audit
tests, Internal control in a financial statement audit, Audit sampling, Application of risk based
auditing to business processes, Overview of a group audit, Completing the audit, Audit reports,
Quality control, An overview of forensic audit, Environmental & Social audit, An introduction to
IT/IS audit

Module Aims: To provide students with a comprehensive understanding of the fast changing
auditing field.

Learning Outcomes: In the last few years the auditing environment has changed
dramatically. The scope, applied standards and even the thinking
behind the audit has changed and these changes need to be
reflected in what students learn. Students need a clear
understanding of what is important in audits today. They need to
learn the principles and to be aware of what audit tools they will be
using.

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Course Outline and Schedule

Week Topics
Nature, Purpose and Scope of auditing, regulatory Environment
1
2 Professional Code of Ethics:- Fundamental principles, threats &
Safeguards
3 Professional Code of Ethics: case studies:-Identifying &
evaluation of ethical issues effectiveness of safeguards
4 Audit Planning:- Client acceptance, Risk Assessment & Materiality

5 Audit Planning :- Contd & Internal control in a financial statement

audit types of audit tests: Substantive and Control
6 Application of risk based auditing to business processes

7 , Audit sampling & Audit Evidence

8 Group audit:- Overview of a group audit

9 Quality Control

10 Class test:-

11 Completing the audit & Audit Report:-

12 Audit Report:- contd & Forensic Auditing:- An overview of

forensic audit
13 Current issues in auditing:- Environmental & Social audit

14 Current issues in auditing:- An introduction to IT/IS audit

15 Revision

READING LIST

RECOMMENDED TEXT: Principles of Auditing An Introduction to International Standards on

Auditing (2ed)
By Hayes, Dassen, Schilder, Wallage

OTHER READING MATERIALS e.g. TEXTS/JOURNALS/ ARTICLES/ WEBSITES:

Any other good auditing textbook based on international standards.

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