Principles of Audit and Taxation

Learning Outcomes

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• communicate ideas and arguments orally and through formal presentations.
• communicate ideas in a written format;
• demonstrate numeracy and problem solving skills;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• prepare simple computations for major UK taxes (e.g. income tax, corporation tax, national insurance and capital gains tax);
• apply different audit procedures to a variety of scenarios;
• compare aspects of the UK tax system with possible alternative systems;
• demonstrate what you have learned both by application to numerical data and in written form.

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• the role of internal audit;
• the main features of the operation of selected UK taxes.
• the systems approach to auditing;
• the principles of personal and business taxation;

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

In-class activities

• Assessment Type: Formative
• Feedback: The audit simulation package will provide formative feedback. Individual group feedback will be given on the draft presentation, and group feedback in the form of 'general lessons learned' will be provided in class.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.