| CODE | ACC5957 | ||||||||||||||||
| TITLE | Advanced Audit and Assurance | ||||||||||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||||||||||
| MQF LEVEL | 7 | ||||||||||||||||
| ECTS CREDITS | 15 | ||||||||||||||||
| DEPARTMENT | Accountancy | ||||||||||||||||
| DESCRIPTION | The study-unit introduces students to the more advanced aspects associated with performing assurance engagements. It focuses on the theoretical framework of modern auditing, making use of relevant research on a local and international level. It also covers subjects such as internal auditing, ethics and professional values, the regulatory environment and practice management. The unit also includes a strong focus on performing the audit of historical financial information, including topics such as risk assessment, materiality and planning, internal controls, substantive procedures, audit reporting and performing group audit assignments. Recent developments, both on a local and international level, in the area of auditing and assurance are also discussed. Study-unit Aims The main purposes of the unit are (i) to examine the more advanced aspects associated with performing an assurance engagement and (ii) to familiarise the student with some of the more important developments in the field of auditing and assurance. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: (i) critically analyse, evaluate and conclude on assurance engagements and other assurance issues in the context of best practice and current developments. 2. Skills: By the end of the study-unit the student will be able to: (i) perform an assurance engagement in accordance with the applicable framework (ii) interpret developments in the auditing and assurance profession and consider their implications on the performance of assurance engagements Main Text/s and any supplementary readings 1. Porter Brenda, Simon John and Hatherly David . Principles of External Auditing (John Wiley and Sons, latest edition) 2. Power Michael - The Audit Society: Rituals of Verification, Oxford University Press 3. James E. Hunton, Nancy A. Bagranoff, Stephanie M. Bryant: Core Concepts of Information Technology Auditing (Wiley, John & Sons, 2004) 4. Spencer Pickett, K.H. (2010) The Essential Guide to Internal Auditing, 2nd Edition Wiley SUPPLEMENTARY: 5. Arens A, Elder R, Beasley M - Auditing & Assurance Services: An Integrated Approach (Prentice Hall) 6. International Federation of Accountants. IFAC Handbook (latest edition) 7. Jack J. Champlain: Auditing Information Systems (Wiley, John & Sons, 2003) 8. Relevant Maltese Legislation and Local and EU Publications dealing with Auditing and Assurance (e.g. Directives issued by the Accountancy Board, the Malta Code of Ethics for Warrant Holders etc…) 9. Relevant articles from international auditing journals |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE ACC3411 | ||||||||||||||||
| ADDITIONAL NOTES | Pre-requisite Qualifications: Bachelor of Commerce with Accountancy Stream | ||||||||||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Lara Gail Micallef Peter J. Baldacchino Gordon Micallef Norbert Tabone |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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