AC405 Auditing (3 cr.)
This course covers audit theory and practice. It emphasizes applying audit theories and procedures in the examination of a company’s financial statements by a certified public accountant. Auditing standards, professional ethics, legal responsibilities, and current auditing trends are discussed.
Upon completion of this course, students are expected to be able to do the following:
- Describe and apply auditing standards.
- Discuss the role of the auditor with regard to legal liability, ethics, and independence.
- Define internal control and distinguish the major components of internal control.
- Explain the relationship between evidence and audit risk and identify and explain the components of audit risk.
- Identify and apply audit methods and techniques used in practice today.
- Perform appropriate analytical procedures.
- Analyze various types of computer software and relate the importance to audit procedures.
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