AuditingBack to Course Guide
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.
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.