Auditing

The Auditing course provides an overview of the auditing process and a review of other attestation services. Students will review financial statement assertions and identify key audit programs that can be used to support an auditor’s opinion. A focus on communication skills will be a significant part of the course as students learn to write professional emails, perform auditing research, and write appropriate memos substantiating audit work.

PREREQUISITE: ACC3114

UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:

• • Differentiating among assurance, attestation, and audit services. 
  • Explaining the structure of the AICPA Code of Professional Conduct and evaluating the auditor’s legal and ethical responsibilities. 
  • Defining the procedures required to accept and continue providing services to clients.
  • Defining the procedures necessary to appropriately perform a risk assessment for attest clients.
  • Developing appropriate responses to risk and developing a written audit plan.
  • Obtaining audit evidence and document findings.
  • Performing appropriate tests of controls.
  • Performing appropriate substantive tests.
  • Understanding the purpose of audit sampling. 
  • Understanding the application and performing basic audit data analytics. 
  • Describing the procedures required to complete the audit. 
  • Differentiating between the types of reports available to the auditor based on the audit findings. 
  • Communicating effectively using a written memo and/or email.
  • Determining the appropriate opinion and providing an audit report to the company’s management and board of directors. 
  • Performing research and writing a paper using appropriate grammar and APA formatting.

• Identifying the influence of artificial intelligence on the audit process.

ACQUIRED SKILLS 

• Write an Email to a Client.
• Write a Research Paper.
• Provide Opinions on Audit Reports