ACCT 400 - Auditing Class

Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0

Prerequisite(s): Grade of C or better in ACCT 220 or permission of the instructor

Restriction(s): None

Corequisite(s): None

This course is designed to provide the student with a basic understanding of all aspects of auditing. These include accepting and planning the audit, evaluating internal controls, verifying account balances and financial statement assertions, reporting on audited financial statements, as well as auditing standards, and the legal liabilities and professional and personal ethical responsibilities of auditors.

Student Learning Outcomes of the Course:

Students will demonstrate the ability to define and display the proper usage of audit specific terminology.
Students will demonstrate the ability to explain the role of the auditor, the hierarchy of auditing standards and the associated governing bodies.
Students will demonstrate proper audit techniques for each of the significant balance sheet areas.
Students will demonstrate the ability to differentiate between different types of assurance services and their appropriate usage.
Student will demonstrate the ability to assess the different types of risk and identify weaknesses in internal control and offer suggestions for remediation.
Students will demonstrate the ability to select and perform appropriate audit procedures for major auditable areas.