AF7025 - Audit, Corporate Governance and Ethics

The module will use a mixture of tutor-directed learning, group learning and independent learning. An interactive approach will draw upon the directed learning undertaken, and participants' own experiences in the taught sessions. 



You will undertake activities that facilitate applying theory to 'real-life' situations, critically evaluate, analyse, and make recommendations for appropriate ways for the organisation. 



Directed learning will focus on a range of activities, such as pre-reading, interactive exercises, and engaging with the discussion board on the e-learning platform. Independent learning will focus on identifying and pursuing areas of interest about the subject and providing critical knowledge and understanding of the subject through a range of learning activities that will include extended reading, reflection, and research.



Critical reflection on knowledge, experience and practice underpins the learning and teaching philosophy along with the explicit development of competence. You are particularly encouraged to bring examples into the classroom to share. The module may also incorporate sessions delivered by external practice experts and academic experts in the field drawn from the Business School.

Audit, Corporate Governance and Ethics module is delivered by an experienced teaching team who will provide ongoing advice and guidance on the module and your progress. Students will be supported by a Teaching and Learning Plan, which outlines the formal sessions' structure and content and appropriate tutor-directed learning and independent reading. The module is also supported by an online Blackboard site which includes learning materials and additional resources (e.g., academic papers and recommended readings).

All modules at Northumbria include a range of reading materials that students are expected to engage with. Online reading lists (provided after enrolment) give you access to your reading material for your modules. The Library works in partnership with your module tutors to ensure you have access to the material that you need.

Knowledge & Understanding:

MLO1: Knowledgeable about theories, philosophies, and practices used in the areas of audit, ethics, and corporate governance.



Intellectual / Professional skills & abilities:

MLO2: Skilful in the use of professional and managerial techniques and processes



Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):

MLO3: Aware of ethical issues impacting on business and professional practice

Formative assessment and feedback will take place throughout the module and take various forms including seminar activities, such as group tasks and discussions, group presentation, peer discussion and feedback tutor discussion and feedback, and self-reflection.



You will complete an individual assignment (3000 words), which will contribute 60% of the marks for the module. You will identify and critically discuss a contemporary issue of significance to the Auditing profession and corporate governance practice. You will conduct an academic critique of the topic/theories. You should apply the skills they have learned in the module, and other accounting and finance skills, to critically discuss and conduct an extensive literature review of the issue described. The second component of the summative assessment is a group presentation (30 mins) on one of the contemporary auditing issues, corporate governance, and ethical practices, which will contribute 40% of the marks for the module.

The 3,000 words individual assignment will cover MLO1 and MLO2 [PLOs 2.3, 3.2, and 4.1]. The group presentation will cover MLO1, MLO2 and MLO3 [PLOs 1.2, 2.1 and 2.3].

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Audit, Corporate Governance and Ethics module aims to develop students’ knowledge and critical appreciation issues related to audit, corporate governance, and ethics. It will combine theoretical and practical knowledge of the audit process, fraud detection and professional ethics and engage with academic research about audit and its role in society. It will enable you to gain knowledge of the principles of the auditing profession using international standards on auditing and to examine the practice of auditing and the underlying concepts, including the need for an independent audit and the development of the role of internal and external auditors in the business society; audit risk and assurance; audit evidence. Equally important, it will also connect to the international aspects of corporate governance, including audit committees, corporate governance models and theories, and the role of corporate governance in recent corporate scandals