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Dec 04, 2024
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2023-2024 Catalog [ARCHIVED CATALOG]
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ACCT 209 - Auditing
PREREQUISITES: ACCT 201 - Intermediate Accounting I .
PROGRAM: Accounting
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2013
Covers public accounting organization and operation including internal control, internal and external auditing, verification and testing of the balance sheet and operating accounts, and the auditor’s report of opinion of the financial statements.
MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be able to:
- Discuss generally accepted auditing standards and the Code of Professional Conduct and explain their purposes within auditing.
- Control the audit through planning, supervision, and quality control.
- Apply the concepts of internal control contained within Statement on Auditing Standards (SAS 55).
- Describe the necessary internal controls for each transactional cycle.
- Prepare substantive test audit programs in order to collect sufficient evidential matter on which to base an opinion.
- Give an opinion after examining all evidential matter.
- Perform audit-sampling techniques, which will include nonstatistical as well as statistical, and identify the limitations of both.
- Prepare the necessary correspondence and reports throughout the audit process.
- Discuss and apply the principles of auditing Electronic Data Processing (EDP) systems.
- Communicate effectively using correct Standard English, both orally and in writing by completion of papers, projects and/or presentations.
COURSE CONTENT: Topical areas of study include -
- Audit code of conduct
- Generally accepted auditing principles
- Internal control
- Substantive auditing tests
- Audit opinions
- Audit of electronic data processing systems
- Sample techniques
- Audit correspondence
Course Addendum - Syllabus (Click to expand)
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