Financial Auditing
General
Prefix
ACCT
Course Number
486
Course Level
Undergraduate
Department/Unit(s)
College/School
Herberger Business School
Description
Nature of the audit function, nature of audit evidence, audit standards and procedures, professional ethics, and audit reports.
Prerequisites
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Examine assurance, attestation, and auditing fundamentals used by accounting professionals.
Outcome
Apply U.S. Generally Accepted Auditing Standards and procedures to auditing, assurance, and attestation engagements.
a. assess risk inherent in financial statement assertions
b. analyze financial and non-financial data
c. evaluate internal controls, incorporating the management responsibilities required by the Sarbanes Oxley Act and Auditing Standard No. 5
d. design audit programs for financial statement audits
e. identify conditions that lead to fraud
Outcome
Explain and apply the AICPA (American Institute of CPAs) Code of Professional Conduct and the PCAOB (Public Company Accounting Oversight Board) Ethics & Independence standards.
Outcome
Apply an ethics framework to identify and examine alternatives and resolve ethical dilemmas.
Dependencies
Programs
ACCT486
is a
completion requirement
for: