Auditing Financial Statements with a Forensic Mindset

Catalog description

Students will engage in the study of the theory and application of generally accepted auditing standards used in the examination of financial statements. The role of internal control review, materiality, audit programs, and ethics are considered along with selected case studies. The following topics are explored in the course: the AICPA’s code of conduct; risk assessment methodology using the Audit Risk Model and analytical techniques; internal controls and the audit procedures necessary to determine their effectiveness; financial statement assertions; substantive auditing procedures for gathering evidential matter; fraud risk factors and the appropriate audit procedures to detect financial statement fraud; and auditors’ legal liability. PREREQ: C- or better in ACC 3210