ACCT08029 2016 Auditing 2

General Details

Full Title
Auditing 2
Transcript Title
Auditing 2
N/A %
Subject Area
ACCT - Accounting
BUS - Business
08 - NFQ Level 8
05 - 05 Credits
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Maria Scanlon
Programme Membership
SG_BACCO_K08 201600 Bachelor of Business (Honours) in Accounting Stream (Add-on) SG_BACCO_H08 202100 Bachelor of Arts (Honours) in Business in Accounting L8

This module aims to develop students understanding of modern auditing procedures and to develop students knowledge of the completion stage of the audit. 

Learning Outcomes

On completion of this module the learner will/should be able to;


To identify and describe the requirements of external auditors to collect sufficient, appropriate audit evidence


To select and apply appropriate audit procedures to individual financial statement balances, including: property, plant and equipment, inventory, receivables, payables and bank.


To identify and discuss the appropriateness of various audit opinions in accordance with legal and best practice requirements.


To explain audit completion procedures including written reports to management at the conclusion of the audit.


To understand the application of computer assisted audit techniques (CAATs) to assist the audit process.

Teaching and Learning Strategies

The module will be delivered through a combination of lectures and practical tutorials. There will be an emphasis on the application of knowledge in a variety of practical, case-based scenarios.

Module Assessment Strategies

This subject will be assessed through a combination of appropriate assessments.

Repeat Assessments

Repeat assessments will be developed in accordance with the requirements of the module.

Module Dependencies

ACCT08028 201600 Auditing 1

Indicative Syllabus

Audit evidence and procedures

- Sufficient, appropriate audit evidence

- Financial statement assertions

- Audit procedures

- Audit sampling

Audit of specific items

- Application of audit procedures to the audit of property, plant and equipment, inventory, receivables, payables, and bank

Audit completion & review procedures

- Subsequent events

- Going concern

- Letter of Representation

- Management letter (Letter of Weakness)

- Audit finalisation and final review

Audit Reports

- Developing an audit opinion

- Audit reports including modified audit reports

Auditing in a computer environment

- General IT and application controls

- the use of computer assisted auditing techniques

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
20 %
End of Semester / Year Formal Exam
80 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 In class Q/A sessions Formative UNKNOWN - % OnGoing 1,2,3,4,5
2 Written test Continuous Assessment UNKNOWN 20 % Week 9 1,2

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Written test Final Exam UNKNOWN 80 % End of Term 1,2,3,4,5

Full Time Mode Workload

Type Location Description Hours Frequency Avg Workload
Lecture Lecture Theatre Lecture 1 Weekly 1.00
Lecture Lecture Theatre Lecture 1 Weekly 1.00
Lecture Lecture Theatre Lecture 1 Weekly 1.00
Lecture Lecture Theatre Lecture 1 Weekly 1.00
Independent Learning UNKNOWN Personal study 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Recommended Reading
2013-10-20 External Auditing and Assurance: An Irish Textbook Chartered Accountants Ireland
ISBN 1908199466 ISBN-13 9781908199461
Recommended Reading
2009-03-02 Modern Auditing Wiley
ISBN 0470319739 ISBN-13 9780470319734

Modern Auditing has become established as one of the leading textbooks for students taking university and professional courses in auditing. This extensively revised third edition continues to provide the reader with a comprehensive and integrated coverage of the latest developments in the environment and methodology of auditing.

Aimed at introductory level courses in auditing at undergraduate, graduate and professional levels, it develops the auditing process in a logical and sequential manner enabling the reader to progressively consolidate their understanding of the concepts and process.

The book contains a strong pedagogical framework including: chapter overviews, learning objectives and checks, review questions, professional application questions, case studies and a glossary of technical terms.

New features include:

* Updated coverage of developments in companies legislation, regulation and corporate governance
* Discussion of new developments in ethical codes
* Coverage of the latest audit risk standards and the impact of the IAASB's Clarity Project
* Focus on changes in professional statements and structure and the increasing influence of IFAC

Recommended Reading
2008-11-24 Principles of External Auditing Wiley
ISBN 0470018259 ISBN-13 9780470018255

This book provides a comprehensive and exacting introduction to the principles and practice of external auditing. It describes and explains, in non-technical language, the nature of the audit function and the principles of the audit process.
The book covers international auditing and accounting standards and relevant statute and case law. It explains the fundamental concepts of auditing and takes the reader through the various stages of the audit process. It also discusses topical aspects of auditing such as legal liability, audit risk, quality control, and the impact of information technology.

Module Resources

Non ISBN Literary Resources

Notes as supplied by lecturer.

URL Resources

International Standards on Auditing (UK and Ireland)


International Financial Reporting Standards (IFRS / IAS)

Other Resources


Additional Information