Course Catalog - 2023-2024



Long Title: AUDITING
Department: Business
Grade Mode: Standard Letter
Language of Instruction: Taught in English
Course Type: Lecture
Credit Hours: 3
Must be enrolled in one of the following Level(s):
Undergraduate Professional
Visiting Undergraduate
Prerequisite(s): BUSI 305
Description: This course covers the principles and procedures used by public accountants in examining financial statements and supporting data in accordance with Generally Accepted Auditing Standards (GAAS). Specific topics covered include: professional standards of the financial statement audits and other assurance services; professional ethical conduct; statistical sampling; information technology controls; types of audit evidence; audit risk including inherent and controls risks; internal control over financial reporting; design of audit procedures in response to risk of material misstatements in various financial transaction cycles; evaluating misstatements and control findings; audit reporting; the importance of professional skepticism; role of the PCAOB in setting and enforcing auditing standards for auditors of publicly traded U.S. companies.