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Auditing
AUDITING
CLASS CODE: ACCTG 344 CREDITS:  3
DIVISION: BUSINESS & COMMUNICATION
DEPARTMENT: ACCOUNTING
GENERAL EDUCATION: This course does not fulfill a General Education requirement.

DESCRIPTION: This Course will provide an introduction to the basic concepts of current practices and standards in professional auditing and assurance services. The focus will be on the practice of auditing in the public accounting context, but will also include discussion of other types of auditing such as fraud auditing and assurance services.
TAUGHT: Winter, Summer, Fall
CONTENT AND TOPICS:

  • Introduction to basic auditing concepts, planning, and internal controls.

  • Statistical applications in auditing.

  • Audit reports, accounting cycles, professional and ethical responsiblities.

  • Fraud auditing, detection, and prevention.


GOALS AND OBJECTIVES:

  1. Students will understand the basics of auditing and the auditors' reports.

  2. Students will understand and apply statistical procedures during audits.

  3. Heighten the awareness of fraud and how auditing is impacted.

REQUIREMENTS: The course will require students to demonstrate mastery of basic auditing concepts through a series of examinations and cases. Students must be able to learn independently in addition to working well in groups. The cases assigned are primarily group oriented experiences. There is a substantial amount of writing that is required and is graded for both content and grammatical correctness. Such attention to detail is necessary for successful auditing.
PREREQUISITES: ACCTG 301, Math 221
OTHER:
EFFECTIVE DATE: August 2003