Assurance services with focus on the audit of financial statements. The basic financial statement audit process is discussed including the concepts of evidence, materiality, and risk. The role of professional ethics and legal liability in the auditing profession.
Athena Title
Audit Risk Assess & Control
Equivalent Courses
Not open to students with credit in ACCT 5200H, ACCT 7200, ACCT 7540E
Prerequisite
ACCT 5000/7000
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student Learning Outcomes
Students will understand financial statement auditing and the nature of other attestation services.
Students will have developed professional skepticism by becoming a critical reader and user of information.
Students will understand the regulatory environment in which auditors work and the recent changes in that environment.
Students will understand the process of performing an audit, understand the audit risk model, and how the various accounting cycles are audited.
Students will understand the reporting options auditors can use to signal the quality of the financial statement reporting to financial statement users.
