This course will focus on the standards, regulations and procedures employed by auditors in the examination of financial statements for the purpose of rendering an opinion on the financial statements. In addition, students will make business recommendations for improving a company’s controls. As part of the preparation of financial statements, management of a company must make certain assertions regarding the information included in the statements; the auditor must analyze the company’s business and industry including risks, gain an understanding of their system of internal control, and design procedures to determine the validity of management’s financial statement assertions within the framework of generally accepted accounting principles (GAAP).
Business ethics will be examined as it relates to accurate financial reporting and an effective internal control framework. Specific business failures will be discussed to determine the underlying reasons.
This course will emphasize both written and oral communications. Auditors are required to effectively document their results and communicate to the appropriate audiences.
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| Prerequisites: ACCT 312/312H |
| Writing-intensive course. |
