ACCT 512 Auditing

General

• Demonstrate understanding of concepts associated with generally accepted auditing standards in the United States to support decision-making made by auditors and management personnel preparing for an audit.
• Apply the principles of independence and integrity to examine ethical situations encountered by professional accountants.
• Assess the value, underlying constructs and limitations of audit opinions.
• From the viewpoint of professional skepticism, evaluate financial statements and what management asserts about those statements.
• Demonstrate understanding of the structure of the integrated audit and the nature of audit evidence and procedures.
• Create an audit risk assessment and construct the auditors' responses to audit risk.