ACCT500 Auditing (3 cr.)

Prerequisite(s): This course does not count toward the degree.
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. Other assurance, attestation and internal auditing services are also covered.

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

1. Describe and apply auditing standards and understand the meaning of generally accepted auditing standards.
2. Define internal control and understand its impact on the audit.
3. Explain the relationship between audit evidence and audit risk and identify and explain the components of audit risk.
4. Identify and apply audit methods and techniques used in practice today.
5. Perform appropriate analytical procedures.
6. Describe other important services that a certified public accountant can perform.