Not available in 2019/20
AC341      Half Unit
Auditing, Risk Management and Governance

This information is for the 2019/20 session.

Teacher responsible



This course is available on the BSc in Accounting and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit and to General Course students.


Students must have completed Elements of Accounting and Finance (AC100) or Elements of Financial Accounting (AC102). Elements of Management Accounting, Financial Management and Financial Institutions (AC103) is recommended to complement AC102, but not required.

Course content

The course introduces core concepts and practices of auditing, and provides a critical analysis of auditing practices and their role in organisational governance. Auditing is demanded by, and provides assurance to, a variety of internal and external stakeholders, including corporate shareholders and regulators. As societal demands for accountability have increased, auditing has become both more important and more regulated itself. Auditing also remains controversial (e.g., in the way in which it is provided as well as about its effectiveness), and this course addresses some of these contemporary debates. The course focuses primarily on issues associated with understanding the purpose and function served by auditing in modern society rather than detailed procedural aspects of auditing practices and techniques.

AC341 aims to provide students with an overview and introduction to auditing theories and practices. It encourages students to critically examine fundamental auditing concepts, issues and practices, as well as recent national and international developments in auditing. It also aims to provide students with a firm foundation for further studies and research in auditing.


20 hours of lectures and 10 hours of classes in the MT. 1 hour of lectures and 1 hour of classes in the ST.



Formative coursework


Indicative reading

No one book covers the entire syllabus. In addition to professional and academic journals, reading will cover the following: Gray, I., Manson, S. and Crawford, L. (2015) The Audit Process, Cengage; Power, M. (1996) The Audit Explosion, Demos; Power, M. (1999) The Audit Society, OUP; and Flint, D. (1988) Philosophy and Principles of Auditing: An Introduction, Macmillan Education. Students will also be provided with relevant examples of corporate and other reports and referred to relevant websites. Detailed course programmes and reading lists will be distributed at the first lecture of the course.


Exam (75%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
Coursework (25%).

The exam duration is 2 hours and 15 minutes. The first 15 minutes will be reading time.


The details of the coursework will be made available on Moodle nearer the scheduled start time of the course.


Key facts

Department: Accounting

Total students 2018/19: Unavailable

Average class size 2018/19: Unavailable

Capped 2018/19: No

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Leadership
  • Self-management
  • Team working
  • Communication
  • Commercial awareness
  • Specialist skills