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ACCT 512 Auditing

The audit of corporate financial statements by the independent registered accountant using generally accepted auditing standards of the Public Companies Accounting Oversight Board for publicly traded corporations is the focus of this course. A risk based approach is used with emphasis on both auditing concepts and audit programs.

Prerequisites

Special information

Note: Read Chapters 1 and 2 before the first class meeting.
4 Undergraduate credits

Effective August 1, 1998 to present

Learning outcomes

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.

Spring 2021

Section Title Instructor
50 Auditing Wilson, Michael Sean Books Course details
51 Auditing McCann, Linda M Books Course details

Summer 2021

Section Title Instructor
50 Auditing Wilson, Michael Sean Books Course details

Fall 2021

Section Title Instructor
50 Auditing McCann, Linda M Books Course details