Course Schedule and Catalog

Long Title: AUDITING

Department: Business

Grade Mode: Standard Letter

Language of Instruction: Taught in English

Course Type: Lecture

Credit Hours: 3

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.