ACCT630 Advanced Audit and Internal Controls (3 cr.)

This course provides an in-depth analysis of selected advanced topics in auditing, including professional auditing standards, planning, evidence, internal control, statistical sampling, electronic deposit processing auditing, reporting, integrative audit case, and operational auditing. A special focus exists on audit evidence and how auditors make decisions. Key topic areas include ethics, analytical review, fraud, and the role of technology.

Upon completion of this course, students are expected to be able to do the following:

1. Characterize the philosophy, environment, and code of ethics of the auditing profession.
2. Summarize the auditing standards.
3. Create audit sampling based on auditing standards and industry norms.
4. Articulate management responsibility under Securities and Exchange Commission and Sarbanes-Oxley.
5. Evaluate the use of internal controls by top management and governing boards for organizations.
6. Develop audit risk guidelines for the different levels of assurance.
7. Research the role of technology in the audit profession.
8. Develop recommendations based on audit evidence.