Mar 03, 2024  
2021-2022 SGPP Catalog and Handbook 
2021-2022 SGPP Catalog and Handbook [ARCHIVED CATALOG]

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AC405 Auditing (3 cr.)

Prerequisite(s): AC303  
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:

  1. Apply auditing standards.
  2. Discuss the role of the auditor with regard to legal liability, ethics, and independence.
  3. Define internal control and distinguish the major components of internal control.
  4. Explain the relationship between evidence and audit risk, and identify and explain the components of audit risk.
  5. Apply audit methods and techniques used in practice today.
  6. Perform appropriate analytical procedures for various audit types.
  7. Apply professional auditing standards, use of evidence, and audit opinion formulation process.
  8. Analyze various types of data and relate to audit procedures.

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