Assurance
| Code | School | Level | Credits | Semesters |
| BUSI1026 | Business | 1 | 10 | Spring UK |
- Code
- BUSI1026
- School
- Business
- Level
- 1
- Credits
- 10
- Semesters
- Spring UK
Summary
Process of assurance; introduction to internal control (including revenue and purchases systems); internal audit; audit sampling; substantive test; independence, objectivity and integrity
Target Students
BSc Hons Accountancy students
Classes
- One 1-hour seminar each week for 3 weeks
- One 2-hour lecture each week for 11 weeks
11 two-hour lectures and 3 one-hour seminars.
Assessment
- 100% Exam (2-hour): In person exam (ICAEW accredited)
Assessed by end of spring semester
Educational Aims
This aim of the Assurance module is to ensure that students understand the assurance process and fundamental principles of ethics and are able to contribute to the assessment of internal controls and gathering of evidence on an assurance engagement.Learning Outcomes
Knowledge and Understanding
This module develops a knowledge and understanding of:
• The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk
• The management of customer expectations, relationships and development of service excellence
• The main current technical language and practices of accounting in a specified socio-economic domain
• The use of accounting and other information systems for planning, control, and decision making
• The use of accounting and other information systems for managing financial risk
• The development, management, application and implementation of information systems and their impact upon organisations
• The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental
Intellectual skills
This module develops:
• The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
• Conceptual and critical thinking, analysis, synthesis and evaluation
Professional practical skills
This module develops:
• Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena
• Commercial acumen based on an awareness of the key drivers for business success, causes of failure and the importance of providing customer satisfaction and building customer loyalty
Transferable (key) skills
This module develops:
• Communication and listening including the ability to produce clear, structured business communications in a variety of media
• Articulating and effectively explaining information