Teaching Responsibility

LJMU Schools involved in Delivery:

Liverpool Business School

Learning Methods

Lecture
Seminar

Module Offerings

6005LBSAF-JAN-MTP

Aims

To develop knowledge and understanding of the audit process and its application in the context of the external regulatory framework and for business control purposes.

Learning Outcomes

1.
Identify and re-perform the stages in an audit system.
2.
Critically analyse the risk-based approach to auditing.
3.
Describe and critically evaluate the role played by auditors and the influences to which they are subjected.
4.
Recognise and evaluate the importance of auditor independence.

Module Content

Outline Syllabus:Stages of a Systems Audit. Risk-based approach to auditing. Auditing Computerised Systems. Regulatory Framework of Auditing. Audit Reports. Role of External and Internal Auditors. Auditor Independence and Ethics. Auditor and the Law. Corporate Governance. Current Developments in Auditing.
Module Overview:
This module will develop your knowledge and understanding of the audit process and its application in the context of the external regulatory framework and for business control purposes. The module studies in detail both the systems and risk-based approaches used by practising auditors. The differing roles of external and internal auditors are examined and also considers issues of ethics, independence and corporate governance, the regulatory framework of auditing, the impact of civil and criminal law on auditing and current developments in auditing.
Additional Information:The module studies in detail both the systems and risk-based approaches used by practising auditors. The differing roles of external and internal auditors are examined. Also considered are issues of ethics, independence and corporate governance, the regulatory framework of auditing, the impact of civil and criminal law on auditing and current developments in auditing.

Assessments

Essay
Centralised Exam