(5 credits)
Auditing a company's financial statements requires the ability to apply generally accepted auditing standards to a variety of situations. In this course, students learn the specifics of auditing and how to choose appropriate audit testing. They explore a variety of topics, including professional ethics, audit planning and documentation, audit evidence, statistical tools, materiality and risk, and audit reports for different assurance and non-assurance services. Students examine internal controls and accounting systems as well as software designed for evaluating business information. Through a group project, students work toward gaining practical knowledge and problem-solving skills as they analyze real audit issues and cases. Students apply the Statements of Audit Standards from the Audit Standards Board and Audit Standards of the Public Company Accounting Oversight Board to their auditing situations.
BS in Accounting Prerequisites
- ACCT 2001 or ACCT 2003 or ACCT 2004S
All Other Programs Prerequisites
- ACCT 2003 or ACCT 2004S
Note: Concurrent enrollment in ACCT 3001 is recommended.