Skip to main content
Home

Information for:

  • Alumni
  • Applicants
  • Current Students
  • Staff
  • Parents
  • Job Vacancies
  • Covid-19
  • Cymraeg
My country:

Main Menu

    • Study Options
      • Study Home
      • Why Study at Bangor?
      • Undergraduate Study
      • Postgraduate Taught Study
      • Postgraduate Research
      • Part-time Courses
      • January Start Courses
      • Degree Apprenticeships
      • Study Abroad
      • Work Experience
    • Study Advice
      • Apply
      • Already Applied?
      • Fees and Finances
      • Scholarships and Bursaries
      • Get Ready for University
    • Explore Bangor
      • Open Days and Visits
      • Virtual Student Experience

    Find a Course

    Order a Prospectus

    • Student Life
      • Student Life Home
      • Bangor and the Area
      • Social Life and Entertainment
      • Accommodation
      • Clubs and Societies
      • Sport
      • Virtual Student Experience
    • Your Experience at Bangor
      • Student Support
      • Skills and Employability
      • Study or Work Abroad
      • Fees and Finances

    Student Profiles

    Student Videos and Vlogs

    • Choose Bangor
      • International Home
      • Why Bangor?
      • Location
      • Accommodation
      • Student Support
      • Contact Us
    • Apply
      • Entry Requirements
      • Tuition Fees and Scholarships
      • How to Apply
      • Already Applied
      • Study Abroad
      • Exchanges

    Country Specific Information

    Join us on a Virtual Open Day

    Bangor University International College

    Covid-19 Information

    • Research
      • Research Home
      • About Our Research
      • Research in our Academic Schools
      • Research Institutes and Centres
      • Research Portal
      • Research, Innovation and Impact Office (RIIO)
      • Energy
      • Research News
    • Postgraduate Research Opportunities
      • Postgraduate Research
      • Doctoral School
    • Events and Training Opportunities
      • Researcher Development
    • The University
      • About Us
      • Our Mission
      • Strategy 2030
      • Annual Review
      • Our Location
      • Academic Schools and Colleges
      • Services and Facilities
      • University Management and Governance
      • Vice Chancellor’s Office
      • Working with Business
      • Working with the Community
      • Sustainability
      • Contact Us
    • Working for Us
      • Job Vacancies
    • University Management and Governance
      • Policies and Procedures
      • Slavery and Human Trafficking Statement
    • University and the Community
      • Pontio
      • Sports Facilities
      • Conference Facilities
      • Places to Eat and Drink
      • Public Events
      • Widening Access
      • Services to Schools
    • Business Services
      • Business Services Home
    • Collaboration Hub
      • Collaboration Hub
      • Funding for Collaborative Research and Development (R&D) & Innovation
      • Business Facilities and Networks
      • Consultancy, Specialist Expertise and Knowledge
      • Commercialisation and Intellectual Property (IP)
      • Student Placements and Internships in Business & Enterprise
      • Training and Continuing Professional Development
      • Degree Apprenticeships
    • Conferencing and Business Dining
      • Conferencing Facilities
      • Business Dining
    • Contacts
      • Research, Innovation and Impact Office (RIIO)
      • Get In Touch
    • News
      • Current News
      • Research News
      • Student News
    • Events
      • Events

    • Study Options
      • Study Home
      • Why Study at Bangor?
      • Undergraduate Study
      • Postgraduate Taught Study
      • Postgraduate Research
      • Part-time Courses
      • January Start Courses
      • Degree Apprenticeships
      • Study Abroad
      • Work Experience
    • Study Advice
      • Apply
      • Already Applied?
      • Fees and Finances
      • Scholarships and Bursaries
      • Get Ready for University
    • Explore Bangor
      • Virtual Open Days and Visits
      • Virtual Student Experience

    Find a Course

    Order a Prospectus

    • Student Life
      • Student Life Home
      • Bangor and the Area
      • Social Life and Entertainment
      • Accommodation
      • Clubs and Societies
      • Sport
      • Virtual Student Experience
    • Your Experience at Bangor
      • Student Support
      • Skills and Employability
      • Study or Work Abroad
      • Fees and Finances

    Student Profiles

    Student Videos and Vlogs

    • Choose Bangor
      • International Home
      • Why Bangor?
      • Location
      • Student Support
      • Contact Us
    • Apply
      • Entry Requirements
      • Tuition Fees and Scholarships
      • How to Apply
      • Already Applied
      • Study Abroad
      • Exchanges

    Country Specific Information

    Join us on a Virtual Open Day

    Bangor University International College

    Covid-19 Information

    • Research
      • Research Home
      • About Our Research
      • Research in our Academic Schools
      • Research Institutes and Centres
      • Research Portal
      • Research, Innovation and Impact Office (RIIO)
      • Energy
      • Research News
    • Postgraduate Research Opportunities
      • Postgraduate Research
      • Doctoral School
    • Events and Training Opportunities
      • Researcher Development
    • The University
      • About Us
      • Our Mission
      • Strategy 2030
      • Annual Review
      • Our Location
      • Academic Schools and Colleges
      • Services and Facilities
      • University Management and Governance
      • Vice Chancellor’s Office
      • Working with Business
      • Working with the Community
      • Sustainability
      • Contact Us
    • Working for Us
      • Job Vacancies
    • University Management and Governance
      • Policies and Procedures
      • Slavery and Human Trafficking Statement
    • University and the Community
      • Pontio
      • Sports Facilities
      • Conference Facilities
      • Places to Eat and Drink
      • Public Events
      • Widening Access
      • Services to Schools
    • Business Services
      • Business Services Home
    • Collaboration Hub
      • Collaboration Hub
      • Funding for Collaborative Research and Development (R&D) & Innovation
      • Business Facilities and Networks
      • Consultancy, Specialist Expertise and Knowledge
      • Commercialisation and Intellectual Property (IP)
      • Student Placements and Internships in Business & Enterprise
      • Training and Continuing Professional Development
      • Degree Apprenticeships
    • Conferencing and Business Dining
      • Conferencing Facilities
      • Business Dining
    • Contacts
      • Research, Innovation and Impact Office (RIIO)
      • Get In Touch
    • News
      • Current News
      • Research News
      • Student News
    • Events
      • Events

Information for:

  • Alumni
  • Applicants
  • Current Students
  • Staff
  • Parents
  • Job Vacancies
  • Covid-19
My country:

Search

Close

Breadcrumb

Share this page:
  • Twitter
  • Facebook
  • LinkedIn
  • Cymraeg

Share this page:
  • Twitter
  • Facebook
  • LinkedIn

Join us on a Virtual Open Day

Book Now

Order a Prospectus

Order Now

Chat to our staff and students

Connect through Unibuddy

Module BIC-0032:
Auditing

Module Facts

Run by Bangor University International College

20.000 Credits or 10.000 ECTS Credits

Semester 1 & 2

Organiser:

Overall aims and purpose

This module considers the importance to a business of the monitoring of its financial performance, both in terms of meeting the requirements of the regulatory environment within which businesses operate and of providing information of a company’s performance and its financial standing to its executive and shareholders. Differences between internal auditing through a company’s internal-audit department, non-statutory audit and the external audit which are a legal requirement of limited companies under terms of the Companies Act. Auditing of financial statements e.g. sales summaries as well as of a company’s accounts. Audit exemptions of companies with a limited turnover. The auditing process, evidence requiring to be produced, compliance tests and substantive tests, analytical review and computer-assisted audit techniques and completion checklist. International Standards in Auditing. Auditing Practices Board (APB) and its role as a semi-independent body in providing standards of auditing practice for the UK. Provision of industry-specific, operational and reporting guidelines for the carrying out of an audit. Practice Notes and Bulletins as indicators of good practice. Elements of an auditor’s report, indicating to the company a true and fair view of profit and loss during the audited period and providing evidence of properly submitted accounts to the Registrar of Companies.

Course content

The main topics covered are:Company governance and auditing requirements; various forms of auditing, internal, non-statutory and external and the legal requirements under the Companies Act of limited liability companies Regulation within the profession and the setting of standards, recommended procedures and their monitoring. The auditing process, sources of evidence and the uses of specialist software to investigate the computer-based accounting system of a client company Auditor’s Reports and their uses within the company and in meeting legal requirements. Auditor’s responsibilities and liabilities
International aspects and standards

Assessment Criteria

good

Student has scored well in demonstrating a secure knowledge and understanding of many of the topics studied and has achieved a grade enabling progression onto the next phase of the master’s programme

excellent

Student has engaged consistently with all the topics of the module and so has clearly demonstrated a high level of suitability for the next phase of the master’s programme

threshold

Student has performed sufficiently well in demonstrating a basic knowledge and understanding of a number of topics studied to have achieved the lowest level of pass grades.

Learning outcomes

    1. Demonstrate knowledge and understanding of the need for auditing of accounts and the importance of an audit to a company operating with limited liability
    1. Demonstrate knowledge of the significance and uses of the auditor’s report
    1. Show an understanding of how audit software is used by the auditor to interrogate the computer-based accounting systems of a client.
    1. Show knowledge of how auditing standards are articulated and monitored within the profession
    1. Work with other students in researching and delivering a group presentation
    1. Explain the process undertaken during an audit and the evidence required by an external auditor and concept of an audit trail

Assessment Methods

Type Name Description Weight
essay 20.00
presentation 50.00
final exam 30.00

Teaching and Learning Strategy

Hours
Practical classes and workshops 120
Private study 80

Transferable skills

  • Literacy - Proficiency in reading and writing through a variety of media
  • Numeracy - Proficiency in using numbers at appropriate levels of accuracy
  • Computer Literacy - Proficiency in using a varied range of computer software
  • Presentation - Able to clearly present information and explanations to an audience. Through the written or oral mode of communication accurately and concisely.

Subject specific skills

  • Demonstrate numeracy skills required as a basis for further studies in Economics, Financial Accounting and Management
  • Demonstrate an understanding and ability to analyse economic issues on a local and international scale
  • Accurately apply business models to show an understanding of efficiency and external pressures to an organisation

Resources

Resource implications for students

Students will be required to purchase the text book

Reading list

Millichamp, A. and Taylor, J. (2012) Auditing (10th edition) Cenage

Courses including this module

Compulsory in courses:

  • N4AM: MSc Accounting (with Incorporated Pre-Masters) year 0 (MSC/ACC1)
  • N4AP: MSc Accounting and Finance (with Incorporated Pre-Masters) year 0 (MSC/ACCF1)
  • N3CT: MSc Finance (with Incorporated Pre-Masters) year 0 (MSC/FIN1)
  • N2AY: MSc Management and Finance (with Incorporated Pre-Masters) year 0 (MSC/MANF1)

Home

Study

  • Undergraduate Study
Home

Follow Us

  • Twitter
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn

Bangor University

Bangor, Gwynedd, LL57 2DG, UK

+44 (0)1248 351151

Contact Us

Visit Us

Maps & Directions

Policy

  • Legal Compliance
  • Modern Slavery Act 2015 Statement
  • Accessibility Statement
  • Privacy and Cookies
Map

Bangor University is a Registered Charity: No. 1141565

© 2020 Bangor University