AF4S069 - Audit, Governance & Risk Management 26 Mar 2019 - 31 Aug 2027 | Version 1
Associated Module Information
| Module Code: | AF4S069 | ||
|---|---|---|---|
| Module Title: | Audit, Governance & Risk Management | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Rebecca Bushell | ||
| Module Team: | Jared Davies | ||
| First Intended Intake: | SEP 2019 | Final Year of Intake: | 2024 |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 7 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100840 - audit management | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 1 |
|---|---|
| Valid From | 26 Mar 2019 |
| Valid To | 31 Aug 2027 |
Module Aims
To develop a critical understanding of corporate governance issues, with particular reference to corporate fraud.
To critically appraise the importance of corporate governance as part of organisation’s risk management.
To critically examine current issues in auditing and assurance in various forensic contexts.
To critically explore the role and techniques of the forensic auditor.
Content Summary
Current topical issues in relation to corporate governance, audit and assurance will be covered during the study programme. These issues may include:
An overview of what corporate governance is, including the development of various governance codes.
The importance of board composition – including diversity and the role of the Chairman and non-executives in producing an effective Board.
The role and effectiveness of audit committees.
The board and management's role and responsibilities for risk management – with particular emphasis on fraud.
The importance of financial controls and the role of internal audit in particular in preventing fraud.
Investigation of recent frauds and an analysis of why they occurred - and lessons learnt.
Current debates in corporate governance, the utility of audit and assurance services.
An overview of the function and operative aspects of various audit and assurance engagements.
Brief coverage of the regulatory aspects of auditing.
Professional ethics of the accountant, auditor and forensic auditor.
The role of the forensic auditor – scope, engagement, techniques employed etc.
Preventative and reactive roles of the forensic auditor – with particular relevance to improving organisations’ risk management.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 20 |
| Seminar | 20 |
| Independent Study | 100 |
| Directed Study | 60 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | To critically explain and discuss the importance of corporate governance to an organisation in a risk management context. |
| LO2 | To critically explain and evaluate the role of a forensic auditor to an organisation |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Written Assignment (CW) | Report (CW) 2 | An examination of various audit, assurance, risk management and control topics | 0 | 3000 | 50 | No | 40 |
| Written Assignment (CW) | Report (CW) 1 | An investigation into a selected organisation. The investigation will centre on the organisation’s strategies regarding risk, audit and internal controls. | 0 | 300 | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Report (CW) 2 | ✔ | ✔ | |
| Report (CW) 1 | ✔ | ✔ | |