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Level 7 Diploma in Accounting and Finance

Technological Disruptions in Strategic Auditing

AF705 · Strategic Audit — Week 10 of 16

CourseAF705
Week10 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Technological Disruptions in Strategic Auditing

  1. Big data analytics in audit transaction testing
  2. Machine learning and artificial intelligence in anomaly detection
  3. Continuous auditing and real-time assurance architectures
  4. Evaluating efficiency and reliability gains from audit automation
  5. Big Data Analytics - ACCA Strategic Business Leader (SBL)

What you will be able to do

  • 5.1 Assess current developments in auditing.
  • 5.2 Assess the importance of the current developments in audit processes.

Activity

Start with this week’s video, then: Seminar, guided reading and a short written task: assess current developments in auditing.

Study materials

Videos

  • Big Data Analytics - ACCA Strategic Business Leader (SBL) · YouTube · OpenTuition · 19 min · for registered students
  • ICAEW Insights In Focus: AI in audit - the good, the bad and the ugly · YouTube · ICAEW · 40 min · for registered students
  • Technologies Disrupting Financial Audit Process · YouTube · SANS Institute · 60 min · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Evolution of Auditing Regulation
  • Week 2: Ethics and Professional Conduct in Assurance
  • Week 3: Legal and Statutory Responsibilities of Auditors
  • Week 4: Financial Statement Preparation and Audit Linkages
  • Week 5: Strategic Audit Planning and Business Organisation
  • Week 6: Audit Risk Identification and Assessment
  • Week 7: Audit Risk Mitigation and Response Design
  • Midterm: Midterm evaluation
  • Week 9: Audit Monitoring and Engagement Quality Control
  • Week 10: Technological Disruptions in Strategic Auditing
  • Week 11: Emerging Assurance Horizons and Regulatory Reforms
  • Week 12: Applying Strategic Audit in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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