ACCT 411 - Auditing

Credits: 5
Examines the nature and purpose of financial auditing, auditing standards, and professional conduct. Explores audit evidence, documentation, planning, and assessing risk. Covers internal control, audit sampling, and procedures to obtain evidence about financial statement accounts. Emphasis on materiality, audit risk, and audit reports.

Enrollment Requirement: Admission into the BAS in Accounting program; or instructor consent.

Course Fee: $25.00

Course Outcomes:
Students who successfully complete this class will be able to:

Describe the AICPA (American Institute of CPAs) Code of Professional Conduct.
Employ a risk-based approach and professional skepticism to determine sufficient appropriate audit evidence, audit procedures, and documentation.
Plan an audit: Obtain understanding of the client, assess risks, determine materiality, and create the audit plan.
Design audit procedures to test internal control.
Perform audit sampling for tests of controls and analyze results.
Design appropriate audit procedures to obtain evidence about specific financial statement accounts and classes of transactions.
Prepare audit reports in accordance with auditing standards.

Program Outcomes
Analyze, interpret, and audit financial statements and other quantitative and qualitative accounting and finance data.

College-wide Outcomes

Critical Thinking - Critical thinking finds expression in all disciplines and everyday life. It is characterized by an ability to reflect upon thinking patterns, including the role of emotions on thoughts, and to rigorously assess the quality of thought through its work products. Critical thinkers routinely evaluate thinking processes and alter them, as necessary, to facilitate an improvement in their thinking and potentially foster certain dispositions or intellectual traits over time.
Quantitative and Symbolic Reasoning - Quantitative Reasoning encompasses abilities necessary for a student to become literate in today’s technological world. Quantitative reasoning begins with basic skills and extends to problem solving.