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MN30468: Auditing & accountability

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment Summary: CW 25%, EX 75%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 25% - Qualifying Mark: 35)
  • Examination (EX 75% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take MN20018 or take MN20485
Further information on descriptions Description: Aims:
The unit aims to develop an understanding of audit processes and the role of independent auditors in the business environment.

Learning Outcomes:
On completing this unit students will be able to demonstrate:
1. knowledge of the historical development of auditing theory and practices and the role of auditing in contributing to accountability;
2. understanding of the legal and professional environment within which auditing operates;
3. appreciation of audit techniques, judgment and practical skills to be applied in financial statement auditing;
4. awareness of current professional developments that affect the practice of auditing, both in the UK and internationally;
5. the ability to select and present information relating to the varied aspects of the conceptual and organisational features of professional auditing in a business environment.

Understanding of auditing principles and skills
The fostering of possible interest in public accounting.


* Introduction & overview; history, scope and purposes of auditing; different types of audits
* Concepts and postulates of auditing; the audit expectations gap
* Elements of auditing: independence
* Elements of auditing: risk assessment, audit objectives, evidence, planning & documentation
* Regulatory environment for auditing
* Audit planning
* Internal control, internal auditing, evaluation of internal control
* Designing substantive procedures.
Further information on programme availabilityProgramme availability:

MN30468 is Optional on the following programmes:

School of Management
  • UMMN-AFB02 : BSc(Hons) Accounting and Finance (Year 3)
  • UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 4)
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 4)
  • UXXX-AYB05 : BSc(Hons) International Management and Modern Languages (French) with Year Abroad (Year 4)
  • UXXX-AYB04 : BSc(Hons) International Management and Modern Languages (German) with Year Abroad (Year 4)
  • UXXX-AYB06 : BSc(Hons) International Management and Modern Languages (Spanish) with Year Abroad (Year 4)

* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.