Course Catalogue

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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

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 : https://www.gla.ac.uk/undergraduate/

ACCFIN4009 Auditing (superseded)

Reassessments are normally available for all courses, except those which contribute to the Honours classification. Where, exceptionally, reassessment on Honours courses is required to satisfy professional/accreditation requirements, only the overall course grade achieved at the first attempt will contribute to the Honours classification. For non-Honours courses, students are offered reassessment in all or any of the components of assessment if the satisfactory (threshold) grade for the overall course is not achieved at the first attempt. This is normally grade D3 for undergraduate students and grade C3 for postgraduate students. Exceptionally it may not be possible to offer reassessment of some coursework items, in which case the mark achieved at the first attempt will be counted towards the final course grade. Any such exceptions for this course are described below.

Reassessment is not available for the group presentation.

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. 

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.

Students must submit at 75% by weight of the components (including examinations) of the course's summative assessment.