ACCT250 Auditing

Department of Business Studies: Accounting

I. Course Number and Title
ACCT250 Auditing
II. Number of Credits
3 credits
III. Minimum Number of Instructional Minutes Per Semester
2250
IV. Prerequisites
ACCT106 (C or better) or permission of the Department of Business Studies
Corequisites
None
V. Other Pertinent Information
None
VI. Catalog Course Description
This course provides a presentation of current audit practices for audit decision making and evidence accumulation. This course emphasizes the understanding of the audit objectives, the audit risks, the audit decisions to be made, the appropriate audit evidence, and audit reports.
VII. Required Course Content and Direction
  1. Learning Goals:

    1. Course
    2. Students will
      1. describe the financial auditing environment and various assurance services;
      2. demonstrate an understanding of the regulation and control of CPA firms through ethical standards and legal responsibilities of auditors;
      3. examine auditors' and management's responsibilities, audit objectives, and general concepts of evidence accumulation;
      4. examine various aspects of audit planning including risk assessment and auditor's responsibilities for detecting fraud;
      5. summarize and integrate audit planning and audit evidence; and
      6. prepare audit reports.

    3. Core (if applicable)
    4. This course is not included in the Core.
  2. Planned Sequence of Topics and/or Learning Activities:

    1. audit and other assurance services
    2. the CPA profession
    3. audit reports
    4. professional ethics
    5. legal liability
    6. audit responsibility and objectives
    7. audit evidence
    8. audit planning and analytical procedures
    9. materiality and risk
    10. section 404 audits of internal control and control risk
    11. overall audit plan and audit program
  3. Assessment Methods for Core Learning Goals:

    1. Course
    2. The assessment of course learning goals will be based on exams, assignments, papers, performance based tasks, comprehensive project, and/or instructor evaluation.

    3. Core (if applicable)
    4. This course is not included in the Core.
  4. Reference, Resource, or Learning Materials to be used by Students:

    See course format for required textbook and any related materials.
VIII. Teaching Methods Employed
Section VIII is not being used in new and revised syllabi as of 12/10/08.

Review/Approval Date - 5/99; Revised 3/05; Revised 12/2011