Advanced Audit and Assurance
16 ECTS
Advanced Audit and Assurance
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€1,054 refund on this module
Module Description
The module aims to foster critical assessment and appraisal skills among students, enabling them to draw informed conclusions on assurance engagements.
Through in-depth analysis of best practices and current developments in the field, students gain a comprehensive understanding of the principles and methodologies underlying assurance engagements.
Emphasis is placed on developing the ability to evaluate the effectiveness of assurance processes, identify areas for improvement, and make evidence-based recommendations.
By engaging with real-world case studies and industry trends, students are equipped to apply their knowledge to practical scenarios, ensuring relevance and applicability in professional practice.
Entry Requirements
Candidates who apply for this course will hold a:
- Level 6 Degree related to one of the following areas: Finance and/or Accounting.
OR
- Level 6 degree not related to Finance and/or Accounting and a minimum of two years relevant experience (subject to interview by admissions board)
OR
- Level 5 Diploma or Higher Diploma related to Finance and/or Accounting and 4 years’ work experience preferably in a position related to the subject area of this programme (subject to interview by admissions board).
In the case of mature students who do not possess all the formal required academic qualifications, then the RPL process could be applied such that if evidence of equivalent learning is found then the applicant could still be accepted in the course. Such RPL process will subject applicants to an interview held with a board of experts within the field, chosen specifically by IDEA Academy, so as to verify their experiences and prior learning.
IDEA Academy will accept in transfer up to two of the ACCA Strategic Professional examinations completed by prospective students, these being one or maximum two of the following:
- Strategic Business Leader
- Strategic Business Reporting
- Advanced Financial Management
- Advanced Audit and Assurance
Students whose first language is not English will be required to demonstrate English language capability at IELTS level 6.0 or equivalent.
Target Audience
- Individuals seeking to advance their academic and professional knowledge in Accounting.
- Individuals who already have a good foundation in accountancy and would like to take their studies a step further by embarking onto professional modules intended to broaden their knowledge for them to work independently and become certified public accountants and registered auditors.
- Individuals wanting to pursue a wide range of accounting, consulting, financial, and managerial career paths with the intention of leading a team of individuals and helping their junior staff progress as well as assisting their employers in making the right decisions.
- Individuals wanting to enhance their ability to interpret, assess, and communicate financial related data in a way that ensures proactivity and, to a certain extent, devise strategies for the business.
Career Paths
The programme prepares for positions such as and not limited to:
- Business Strategy Role
- Chief Financial Officer
- Income Tax Specialist
- VAT Specialist
- Senior Managerial Role
How you’ll be assessed
The course comprises:
- Evening classes for part-time courses.
- Classes held throughout the day for full-time courses.
- Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
- Self-study hours comprising research, reading and assignment work.
Assessment
Assessment is carried out via two mandatory components:
- Modular Assessment
- Summative Assessment
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Critically examine the legal aspects for audit and assurance including fraud.
- Appreciate the importance of the code of ethics and the necessity of good conduct.
- Adopt an ethically sound behaviour when performing important, professional tasks
- Plan and assess risk.
- Obtain audit evidence.
- Critically evaluate and review transactions.
- Conduct an audit for a group of companies.
- Complete and report on an audit.
- Report with reference to assurance and other audit relevant standards.
- Critically plan and execute a forensic audit.
- Plan and execute a public sector audit.
- Critically assess current affairs.
Knowledge:
By the end of the module/unit the students will be exposed to the following knowledge content:
- Critically examine the legal aspects for audit and assurance including fraud.
- Appreciate the importance of the code of ethics and the necessity of good conduct.
- Adopt an ethically sound behaviour when performing important, professional tasks.
- Plan and assess risk.
- Obtain audit evidence.
- Critically evaluate and review transactions.
- Conduct an audit for a group of companies.
- Complete and report on an audit.
- Report with reference to assurance and other audit relevant standards.
- Critically plan and execute a forensic audit.
- Plan and execute a public sector audit.
- Critically assess current affairs.
Skills: At the end of the module/unit the learner will have acquired the following skills:
- Critically examine legal and ethical duties.
- Investigate what constitutes fraud and to what extent the auditor is liable.
- Close off the audit and compile the relevant audit report.
- Assess the scope of non-audit engagements.
- Critically appraise current concerns.
Module-Specific Communication Skills:
The learner will be able to:
- Communicate ideas, problems, and solutions to both specialist and non-specialist audiences.
Module-Specific Learner Skills:
The learner will be able to:
- Plan the audit and collate relevant evidence.
- Manage audit in terms of quality, client acceptance and pricing.
Module-Specific Digital Skills and Competences:
At the end of the module/unit, the learner will be able to
- Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials etc.