Strategic Auditing

1.  Identify and evaluate the history and the current regulatory environment for auditing

1. Identify the history and current regulatory environment for auditing
2. Evaluate on the historical and current regulatory environment for auditing

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2.  Understand and critically apply the rules of professional conduct for the auditors

1. Identify the rules of professional conduct
2. Identify the critical application of the rules of professional conduct for the auditors

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3.  Evaluate the importance of legal and professional requirements when performing the audit

1. Identify the importance of professional requirements legal
2. Evaluate the identified requirements on the performance of audit

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4.  Critically analyse the effectiveness of audit monitoring processes

1. Identify and analyse an audit strategy in general
2. Critically analyse the effectiveness of the audit monitoring process

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5.  Identify the risk involved in an audit and the use of suitable measures to minimise the risk

1. Categorise appropriate measures to minimise the risk identified
2. Critically assess the current developments in Auditing

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6.  Be able to identify and explain the linkage between accounts preparation and the conduct of audit

1. Identify the link between preparation of accounts and the audit conducted
2. Explain the link between preparation of accounts and the audit conducted

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7.  Identify and critically assess on the current developments in auditing

1. Identify the current developments in auditing
2. Critically assess the current developments in Auditing

• The assessment strategy for this course is designed to test all the learning outcomes.
• Learners must demonstrate successful achievement of all learning outcomes to pass the course.

• The assessment criteria for a pass will be presented with the summative exercise.
• Further information and guidance on the assessment will be made available through the tutor.

To pass the unit a 40% overall grade must be achieved.