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(ACCT 365) Auditing

Introduction to U.S. and international generally accepted auditing standards with a focus on financial auditing technology. Auditor’s Code of Professional Conduct is emphasized.

Credit Hours 3.0 Lecture
Prerequisites ACCT 302 and ACCT 356 both with a C- or better
Offered Winter, Spring
Programs -

Course Outcomes

  1. Demonstrate an understanding of the role of accountants in society in providing and ensuring the integrity of financial and other information, including the legal, ethical, and regulatory environment in the profession.
  2. Demonstrate an understanding of the process of assessing risk and providing assurance to users of financial and non-financial information.
  3. Demonstrate an Understanding of and commitment to professional conduct.
  4. Describe the parties involved in a company’s corporate governance, their roles, and how the auditor’s interact with these various parties during their audit.
  5. Demonstrate an understanding of how auditors plan and perform audits and how internal controls fit into the auditor’s responsibilities and performance of the audit.
  6. Describe the auditor’s responsibility for fraud detection/reporting.
  7. Plan/perform basic audit procedures for specific management assertions related to the company’s financial statements.
  8. Describe the different reports auditors can give and the contents of each of these reports.