Course Abstract Details
ACCT-230, Principles of Auditing
ACCT-230, Principles of Auditing, studies auditing theory with questions and problems typical of those met in daily practice. Emphasis is placed on the proper study and review of internal control and the gathering of audit evidence in the preparation of the auditor's report. Current professional pronouncements are reviewed, as well as regulations affecting the auditor. Prerequisite: ACCT-202 and MATH-115. Three hours lecture each week. Three credits. Three billable hours. Offered Fall term only.
Course Objectives and Grading Information
Major Course Objectives: Upon completion of this course, the student will:
1. Differentiate between types of audit opinions.
2. Identify the legal issues underlying the relationship between auditors, clients and third parties.
3. Describe assurance and attestation services offered by CPAs.
4. Explain the function of internal auditing and compliance auditing.
5. Identify professional standards and types of reports and explain the role of professional ethics.
6. Describe how evidence in collected in an audit.
7. Evaluate the internal control system for an organization.
8. Apply statistical and non-statistical sampling and testing.
9. Write audit reports in compliance with GAAP.
The abbreviations in parentheses represent Learning Goals which have been identified for this course and program of study: