Program Overview

Award in Audit and Assurance (Accountancy and Finance)

Overview

This course introduces learners to the regulatory and legal environment when it comes to ethical considerations and assurance in accounting and finance. Moreover, this module looks at the role, the importance, the relevance, and the development of auditing and assurance.

Awarding Body & Accreditation

This qualification is awarded by eie Institute of Education and is accredited by the Malta Further and Higher Education Authority (MFHEA). MFHEA deems this Award to be at MQF Level 6 (12 ECTS) of the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.

Learning Outcomes

Competences

At the end of the course, the learner will have acquired the responsibility and autonomy to:

• Comply with the regulatory framework and statutory regulations governing the rights and resignation of auditors
• Ensure compliance with the regulations covering the duties and responsibilities of auditors
• Carry out effective auditing and assurance processes at the place of work

Knowledge

At the end of the course, the learner will have been exposed to the following:

• Have knowledge of the importance and the role of external auditing and assurance services within the field of accounting and finance
• Reflect on the importance and relevance of assurance and auditing
• Analyse the development of auditing and assurance
• Critically reflect on the need of external audits
• Compare and contrast between different types of assurance services
• Describe and discuss terms widely known within the field of auditing and assurance such as ‘independence’, ‘materiality’, ‘evidence', and ‘risk’
• Have knowledge of the auditing and assurance processes
• Have knowledge of terms such as ‘compliance’, ‘various audit tests’ and ‘substantive testing’
• Recall the critical role of reporting in auditing and assurance
• Have knowledge of the legal aspects as well as potential issues that might arise from auditing and assurance services
• Critically describe the audit evidence such as audit procedures, audit sampling and other means of testing, and audit specific items
• Discuss the role of effective technology skills to present audit data and information in a clear and effective manner
• Have knowledge on the effectiveness of review and reporting following auditing or other events

Skills

At the end of the course, the learner will have acquired the following skills:

• Identify the need for auditing and assurance within organisations and critically analyse the objectives of an effective assurance engagement
• Use automated tools and techniques within the context of auditing and assurance
• Use work of others to effectively carry out assessment of work
• Use items related specifically to auditing including receivables, payables and accruals, inventory, tangible and non-tangible non-current assets, liabilities which are non-current and share capital and reserves

Course Details

• Duration & Fees: Total lecture hours - 60
• EU & Non-EU Nationals: €1,800 Euro (Whole course will cost you €540 after Tax Credit - Save €1,260 Euro) Get Qualified Scheme
• Classroom or Online Mode: This course shall be taught with a student-centred approach whereby learners are encouraged to take active participation in their own learning. Learners shall be presented with PowerPoint presentations, case-study examples, and other interactive learning materials. Students will be asked to discuss and exchange communication amongst each other (classroom or online, as per learning mode chosen).

Assessment

This course shall be assessed using a presentation (25%) of 15 minutes. Learners shall also be subject to a report based on the presentation (75%). Moreover, learners are expected to obtain a minimum of 50% of the total mark to successfully pass from the course.