ACCT 451 Auditing I

Approaches auditing by emphasizing an understanding of the entity and its environment, assessing business risks and focusing on business processes as they pertain to the audit functions of planning, performance and testing, and reporting. Integrated topics include professional ethics, legal liability, internal controls, and business information systems. 

Credits

3

Prerequisite

ACCT 302

Offered

Fall

Student Learning Outcomes

1. Recognize auditing-related issues and identify appropriate information sources to arrive at audit decisions
2. Apply auditing and other relatd professional standards
3. Effectively communicate with audit-reelatd audiences
4. Identify relevant risks and other factors, and to analyze their effect on designing the audit plan and conducting the audit
5. Understand the financial impact of fraud, the key characteristics of fraud, and internal controls that are implemented to prevent fraud
6. Understand the role and implications of technology on the audit
7. Appreciate the auditor's role in business and society, including ethical and legal responsibilities
8. Be aware of the expanding opportunities for public accountants in improving the reliability of information for decision making