Audit & Assurance Masterclass

The aim of this module is to enable students to develop, understand and apply
risk-based audit methods for both audit and assurance. Its focus is on
providing the core knowledge of audit processes from appointment, through
to planning, performance and reporting in accordance with International
Standards on Auditing (ISAs).

On completion of this module, candidates will reach a competency sufficient
to be able to:
(A) Define and explain the nature of audit and assurance engagements
(B) Identify and explain the regulatory, professional and ethical issues
relevant to those carrying out an audit or assurance engagement
(C) Identify and explain the processes involved in accepting and managing
auditor assurance engagements
(D) Plan for, describe and explain, the performance of, audit and assurance
engagements in accordance with the terms of the engagements and
appropriate standards
(E) Outline the nature of the evidence required for a specified audit or assurance engagement
(F) Outline the nature of the review required for a specified audit engagement
(G) Outline the procedures to conclude an assignment and draft a report on
specified audit assurance engagements
(H) Explain the role of internal audit in relation to assurance and external audit
(I) Illustrate the role of the auditor of public sector organisations