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Auditing

Course Number: 
ACC-427
Minimum Credits: 
3
This course focuses on Generally Accepted Auditing Standards (GAAS), the ethical and legal responsibilities of auditing, and auditing procedures and sampling techniques. In addition to focusing on current ethical issues in accounting/auditing, the course includes the study of working paper techniques, preparation of audit reports, and evaluation of internal controls. Upon successful completion of this course, students will: 1)recognize the ethical and legal implications of various accounting/auditing situations in terms of the standards set by the accounting profession, 2)analyze, synthesize, and evaluate various accounting/auditing issues to form reasoned, logical solutions in light of the ethical and legal considerations, 3)analyze prepared financial statements in light of current Generally Accepted Auditing Standards, 4)be able to read and understand the precise accounting terminology used in the field of auditing, and 5)be able to communicate audit findings, both orally and in written form to interested stakeholders. Prerequisites: Senior accounting majors only, Accounting 232 with a C- or higher.