ACC4125
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.
- Effectively communicating using a written memo.
- Effectively communicating using an 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.