ACC 418 Auditing (3)
Auditing concepts including standards, objectives and ethics for external auditors. Emphasis on reporting standards, internal control, evidence, statistical sampling, IT audits and assurance.
Pre: 323 and 409.
(NOTE: ACC 409 is a prerequisite for ACC 418 only for students admitted to the CBA Fall 2004 or later. For students admitted to the CBA before Fall 2004, ACC 409 is recommended, not required.)
Subjects:
- Professional standards
- Professional ethics
- Legal liability of auditors
- Planning the audit
- Audit risk analysis
- Risk in audit planning
- Audit evidence
- Internal Control over IT Audits
- Audit sampling
- Audit Documentation
- Audit Procedures for:
- Cash and marketable securities
- Accounts receivable, notes receivable and sales
- Inventories and cost of goods sold
- Property, plant and equipment
- Accounts payable and other liabilities
- Debt and equity capital
- Revenues and expenses
- Auditor reports
- Other attestation and accounting services
- Exposure to International auditing
- Generalized audit software
- Writing skills for auditors and accountants
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