Audit and Internal Control
| Code | School | Level | Credits | Semesters |
| BUSI4364 | Nottingham University Business School China | 4 | 20 | Spring China |
- Code
- BUSI4364
- School
- Nottingham University Business School China
- Level
- 4
- Credits
- 20
- Semesters
- Spring China
Summary
Building on previous course in auditing, an in-depth consideration of critical aspects of the theory and practice of auditing acceptance, planning, implementation, reporting, and ethics issues; and internal control, including tests of existence and effectiveness, professional judgement on internal control weakness, and reporting of internal control audit, COSO frameworks, internal auditing standards, etc.
Target Students
Business School MSc students meeting pre-requisites and subject to compliance with module choice requirements, as listed in the degree programme specification. In addition, other MA/MSc students meeting pre-requisites and subject to the discretion of the Director of MSc Programmes
Classes
- One 2-hour seminar each week for 8 weeks
- One 3-hour lecture each week for 8 weeks
Activities may take place every teaching week of the Semester or only in specified weeks. It is usually specified above if an activity only takes place in some weeks of a Semester
Assessment
- 100% Exam 1 (2-hour-30-minute): One 2.5 hour exam (100%)
Educational Aims
The aim of this Audit and Assurance module is to ensure that students build upon the year 1 Assurance module, develop a wider knowledge of International Standards on Auditing and a deeper understanding of critical aspects of acceptance, planning, managing, concluding and reporting on assurance engagements, including statutory audit engagements.Learning Outcomes
Knowledge and understanding
•The dynamics of the global economy and international business &/or an awareness of cultural, legal/regulatory, political, and economic differences across countries &/or an appreciation of management issues from a global perspective.
•Customers and stakeholders - customer expectations, service and orientation
•Finance - the sources, uses and management of finance
•The use of accounting and other information systems for managerial applications
•Communications - the comprehension and use of relevant communications for application in business and management, including the use of digital tools
•Leadership and management of people within organisations - leadership, organisational behaviour and motivation
•Strategic risk management and issues of compliance
Intellectual Skills
•Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately
•Using information and knowledge effectively in order to abstract meaning from information and to share knowledge, including the use of quantitative skills
Professional Practical Skills
•The ability to recognise and address ethical dilemmas, corporate social responsibility and sustainability issues, applying ethical and organisational values to situations and choices
Transferable (key) Skills
•Effective communication: networking, listening, oral and written communication of complex ideas and arguments, using a range of media, including the preparation of business reports
•High personal effectiveness: critical self-awareness, self-reflection and self-management; time management; conflict resolution, displaying commercial acumen, the ability to continue to learn through reflection on practice and experience
Conveners
- Dr Lirong SHI