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BIBM605 – Auditing and Assurance

Module code
Module title
Auditing and Assurance
Enable students to develop and utilise generic and technical knowledge and skills specified by the modern auditing and assurance profession.
  • BI1401
  • BS1064
NZQA Level
Level 6
NZQA Credits
Delivery method
  • Web-Supported
Learning hours
Total learning hours
Resources required
Learning Outcomes
1. Discuss the environment, nature and scope of modern auditing and assurance industry.
2. Evaluate the legal responsibilities of auditors.
3. Apply relevant auditing standards and framework in evaluating audit risks and internal
control of an audit client and planning for an auditing engagement.
4. Apply relevant audit standards and frameworks in performing audit engagements in a
group environment and reporting on audit findings.
5. Differentiate main themes of auditing theories and research.
- Theoretical background of auditing profession
- The auditing and assurance profession
- Professional ethics
- The legal liability of auditors
- Audit planning - the audit risk model
- Management assertions of transactions and balances
- Auditing and financial reporting fraud
- Test of controls
- Substantive tests
- Audit Sampling
- Analytical procedures
- Completion and communication
- Internal auditing and other assurance services
- Current issues in auditing research
Teaching and Learning Strategy
Teaching will involve blended delivery methods incorporating the Moodle online delivery platform. Other delivery methods my involve theoretical and practical classes, face to face, lectures, tutorials, workshops, group activities, guest tutors, field trips, role-play, and video conferencing, as appropriate.
Basic of Assessment
Candidates must achieve a minimum result of 40 in the final examination of this module. They must also achieve a minimum C grade pass overall from all assessments to receive a passing grade for the module.
Learning and Teaching Resource
Required Text:
An extended reading list will be supplied by the tutor at commencement of the module. This will be updated annually.

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