AF3D02 - Audit and Assurance 01 Sep 2019 - 31 Jul 2027 | Version 3
Associated Module Information
| Module Code: | AF3D02 | ||
|---|---|---|---|
| Module Title: | Audit and Assurance | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Joanna Howell | ||
| Module Team: | Rebecca Wright, Jared Davies | ||
| First Intended Intake: | SEP 2012 | Final Year of Intake: | |
| Date Closed: | |||
| Credit Value: | 40 | Credit Level: | 6 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100840 - audit management | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 3 |
|---|---|
| Valid From | 01 Sep 2019 |
| Valid To | 31 Jul 2027 |
Module Aims
To develop students’ understanding of the critical aspects of managing an assurance engagement (including audit engagements): acceptance, planning, managing, concluding and reporting.
Content Summary
This module forms part of the ICAEW (ACA) Qualification as designed and examined by the ICAEW professional body. See Course Specification and Student Handbook for overall qualification structure. See the ICAEW website for detailed ACA syllabus documents:
Certificate Level:
https://www.icaew.com/-/media/corporate/files/learning-and-development/aca-evolved/syllabus/aca-certificate-level-2019-syllabus-v2.ashx?la=en
Professional Level:
https://www.icaew.com/-/media/corporate/files/learning-and-development/learningpartners/learningmaterials/aca-professional-level-2019-syllabus.ashx?la=en
Advanced Level:
https://www.icaew.com/-/media/corporate/files/learning-and-development/aca-evolved/syllabus/aca-advanced-level-2019-syllabus-v2.ashx?la=en
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Practical classes and workshops | 53 |
| Independent Study | 231 |
| Directed Study | 106 |
| Formative Assessment - Scheduled | 10 |
| Total Hours Selected | 400 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Understand and advise on the regulatory, professional and ethical issues relevant to those carrying out an assurance engagement |
| LO2 | Understand the processes involved in accepting and managing assurance engagements, and how quality assurance processes mitigate the risks to those conducting the engagement |
| LO3 | Plan assurance engagements in accordance with the terms of the engagements and appropriate standards |
| LO4 | Conclude and report on assurance engagements in accordance with the terms of the engagements and appropriate standards. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Synchronous Onsite Assessment (Exam) | Onsite Closed Book Examination 1 | All assessments are set by the ICAEW professional body and not by USW. Professional Level exams are computer-based. | 150 | N/A | 100 | No | 55 |
Assessment Matrix
| Assessment Type | Learning Outcomes | |||
|---|---|---|---|---|
| LO1 | LO2 | LO3 | LO4 | |
| Onsite Closed Book Examination 1 | ✔ | ✔ | ✔ | ✔ |