In this course, students focus on the auditing practice performed by public accountants. Topics include the CPA profession and the auditor’s role, planning the audit, audit reporting and required communications, evaluating internal controls, audit programs for current assets and liabilities, and audit programs for other business cycles. This graduate-level course is 6 weeks. To enroll, speak with an Enrollment Advisor. Topics and Objectives
The CPA Profession and the Role of the Auditor
•Identify professional standards for CPAs.
•Explain the importance and demand for audit and other assurance services. •Analyze the auditor’s role in providing assurance.
Planning the Audit
•Explain audit objectives and responsibilities.
•Prepare plans for conducting an audit.
Audit Reporting and Required Communications
•Identify characteristics of audit evidence.
•Evaluate the appropriateness of an audit report for a completed audit. •Describe audit sampling methods for tests of controls and substantive test of transactions.
•Internal Control Evaluation
•Explain the significant regulations and guidelines related to audits of internal control. •Describe an auditor’s responsibility for detecting and reporting fraud. •Evaluate internal control risks.
•Analyze the relationship between internal controls and the audit process.
Audit Programs for Current Assets and Liabilities
•Design tests of controls, substantive tests of transactions, and analytical procedures for the sales and collection cycle. •Design tests of controls, substantive tests of transactions, and analytical procedures for the payroll and personnel cycle. •Design tests of controls, substantive tests of transactions, and analytical procedures for the acquisition and payment cycle. Audit Program for Other Business Cycles
•Design tests of controls, substantive tests of transactions, and analytical procedures for the inventory and warehousing cycle. •Design tests...
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