Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Business Systems and Assurance ACCFIN2023

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 2 (SCQF level 8)
  • Typically Offered: Semester 2
  • Available to Visiting Students: Yes
  • Available to Erasmus Students: Yes

Short Description

The course provides students with an introduction to business systems and the practical application of a financial statement's audit engagement taking them from planning, to testing and then completion of the engagement.


10 x 2 hour lecture 

5 x 1 hour tutorials

Asynchronous learning

Requirements of Entry

Normally a grade D3 or above in Financial Accounting 1 or Management Accounting 1 or suitable equivalent.

Please refer to the current undergraduate prospectus at :

Excluded Courses

ACCFIN4009 Auditing (superseded)





Word Count

Degree Exam



120 minutes

Main Assessment In: April/May

Course Aims

The aim of this course is to introduce students to the financial statement audit process, including planning, testing and completion. Students will also be introduced to technology and the implications this has on businesses and audit. Students will have the opportunity to apply their knowledge and skills and demonstrate critical thinking through the use of case studies. 

Intended Learning Outcomes of Course

By the end of this course students will be able to:

1. Evaluate how the auditor obtains an understanding of the entity and its environment, when planning and assessing the risk of the audit.

2. Identify weaknesses in key accounting information systems.

3. Explain the key stages of completion within the audit process.

4. Apply the requirements of the International Standards on Auditing (UK) and other relevant guidance to the external audit process in different audit scenarios.

5. Explain the implications of technology, including data analytics on businesses and the audit process.

6. Work collaboratively in a group to produce a combined piece of coursework, by liaising with other class members, allocating tasks and co-ordinating group meetings.

7. Demonstrate effective oral communication skills.

Minimum Requirement for Award of Credits

Students must submit at 100%  by weight of the components (including examinations) of the course's summative assessment.