This optional unit highlights the critical role of audit and assurance in today’s global business landscape, especially following notable corporate failures. It aims to deepen students’ understanding of key audit principles, legal regulations, and the entire audit process—from initial planning and risk assessment to final reporting. The course blends theoretical concepts with practical skills, focusing on independence, professional scepticism, and ethical standards. Students will learn to apply audit techniques in real-world scenarios and develop the ability to conduct audits under supervision. This unit, which requires financial accounting knowledge, is an optional component of the Level 4 Diploma in Professional Accounting.

• Demonstrate an understanding of the audit and assurance framework
• Demonstrate the importance of professional ethics
• Evaluate the planning process for audit and assurance
• Evaluate procedures for obtaining sufficient and appropriate evidence
• Review and report findings

As this is a self-study option, there are no prerequisites. However, we would assume that you have either completed Level 2 & 3 previously, or have sufficient knowledge to embark upon this level of study.

Basic numerical skills and a good understanding of the English language is also an advantage.