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AC102-Assurance, Governance and Ethics
Module Provider: Business Informatics, Systems and Accounting
Number of credits: 20 [10 ECTS credits]
Level:4
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites: Students who have taken this module at Part 1 cannot take it again at Part 2.
Co-requisites: AC110 Introduction to Accounting
Modules excluded:
Current from: 2023/4
Module Convenor: Mrs Kate Jones
Email: kathryn.jones@henley.ac.uk
Type of module:
Summary module description:
This module introduces students to the concepts of assurance, governance and ethics in the corporate environment and explores the role of management and auditors in this context. This module is delivered at °ÄÃÅÁùºÏ²Ê¿ª½±¼Ç¼, °ÄÃÅÁùºÏ²Ê¿ª½±¼Ç¼ MalaysiaÌýand Beijing Institute of Technology.
Aims:
This module is targeted primarily at students planning a career in accounting, and has a practical and commercial focus. It aims to provide students with an understanding of the assurance process, specifically in relation to the assessment of internal controls and gathering of evidence on an assurance engagement. The module also aims to introduce students to the basic principlesÌýofÌýprofessional ethics.
Assessable learning outcomes:
Programme Level Learning Outcomes | ||||||
---|---|---|---|---|---|---|
Module Learning Outcomes | Description | Mastery of Discipline | Skills in research and enquiry | Personal effectiveness and self-awareness | Global engagement and multi-cultural awareness | Employability |
1 | Explain the concept of assurance, why assurance is required and the reasons for assurance engagements being carried out by appropriately qualified professionals. | 1,2,3 | Ìý | Ìý | Ìý | Ìý |
2 | Explain the nature of internal controls and why they are important, document an organisation's internal controls and identify weaknesses in internal control systems | 1,2,3 | Ìý | Ìý | Ìý | Ìý |
3 | Select sufficient and appropriate methods of obtaining assurance evidence and recognise when conclusions can be drawn from evidence obtained | 1,2,3 | 2 | Ìý | Ìý | Ìý |
4 | Explain the importance of ethical behaviour to a professional and identify issues relating to core ethical principles | 1,2,3 | Ìý | Ìý | Ìý | 1 (g) |
5 | Work in a structured and managed environment | Ìý | Ìý | Ìý | Ìý | Ìý |
6 | Summarise and present information, clearly and concisely in a prescribed format | 4 | 1 | Ìý | Ìý | 1 (d) |
Additional outcomes:
Structured activities are designed to develop independent learning, including reflective adaptive and collaborative learning.
Outline content:
- ÌýConcept of and need for assurance and governance
- Obtaining and planning an engagement
- Evidence and sampling
- InternalÌýcontrol and internal audit
- Revenue. purchase and payroll systems
- Substantive procedures and audit documentation
- Written representations
- Professional ethics, principles and codes.
Brief description of teaching and learning methods:
Lectures will be used for the exposition of the main concepts, principles and techniques associated with the discipline. Seminars will focus on formative question practice and discussion of examination style.
Ìý | Autumn | Spring | Summer |
Lectures | 20 | ||
Seminars | 10 | ||
Guided independent study: | Ìý | Ìý | Ìý |
Ìý Ìý Wider reading (directed) | 25 | ||
Ìý Ìý Preparation for seminars | 25 | ||
Ìý Ìý Revision and preparation | 50 | 60 | |
Ìý Ìý Reflection | 10 | ||
Ìý | Ìý | Ìý | Ìý |
Total hours by term | 0 | 140 | 60 |
Ìý | Ìý | Ìý | Ìý |
Total hours for module | 200 |
Method | Percentage |
Written exam | 80 |
Class test administered by School | 20 |
Summative assessment- Examinations:
One closed bookÌýtwo-hour unseen examination
The examination for this module will require a narrowly defined time window and is likely to be held in a dedicated exam venue.
Ìý
Summative assessment- Coursework and in-class tests:
One multiple-choice question (MCQ) test in the first week of the summer term
Formative assessment methods:
A Question Bank of MCQ questions forms part of the core text for this module. In addition, exam style formative questions are provided for all main topic areas. Feedback in the form of answer plans, marking guides, assessment Q&As, mock MCQ tests, mock exams, and lecturer advice is also provided to assist students to reflect on and improve their performance.
Penalties for late submission:
The Support Centres will apply the following penalties for work submitted late:
- where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
- where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.
Assessment requirements for a pass:
A minimum mark of 40% is required for a University pass.
This module contributes to the Assurance module of the ACA Professional stage knowledge level. In order to apply for ICAEW credit for prior learning, a minimum mark of 50% must be obtained on this module.
Reassessment arrangements:
Reassessment is by examination only in August / September of the same year.
Additional Costs (specified where applicable):
Required Text Books- £40
Non-programmable calculator-Ìý£15Ìý
Last updated: 30 March 2023
THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.