4 Credit Hours
This course is a study of techniques available for gathering, summarizing, analyzing and interpreting the data presented in financial statements and procedures used in verifying the fairness of the information. Also emphasizes ethical and legal aspects and considerations. This course is intended to be the student’s first exposure to auditing. Some of the topics covered include: Introduction to financial statement auditing, basic auditing concepts, planning an audit, auditing internal controls, sampling tools for audits, reporting and professional responsibilities.
It covers standards and procedures broadly applied to examination of financial statements and other assurance services, including a consideration of the field of public accounting, professional ethics, internal controls, preparation of work papers, and audit reports. By the end of this course, you should develop a feel for the basic concepts of auditing.