ACCT 440 - Auditing I

Institution:

Point Park University

Subject:

ACCOUNTING

Description:

An introduction to the fundamentals of financial statement auditing. A study of the principles and practices used in public accountants in examining financial statements and supporting data with an emphasis on the basic auditing concepts such as risk, internal control, evidence, objectivity, and important relationships among these concepts. Prereq: ACCT 312 CourseObjectives Upon successful completion of the course, students will be able to: (1)Apply the basic concepts that underlie the audit process to various audit and assurance services. (2) Identify, interpret, and apply the AICPA and PCAOB standards. (3) Explain the role of COSO framework. (4) Recognize the importance of developing an in-depth understanding of the entity and its environment and the need to identify the risks within the system. (5)Identify the stages of an audit from planning to conclusion. (6)Apply standard audit procedures such as analytical procedures, detail tests, and tests of controls. (7) Discuss the various components of the standard unqualified financial statement audit report and the various modifications and qualifications. (8) Recognize and apply the AICPA Code of Professional Conduct and the SEC's Independnec rules.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.pointpark.edu

Phone Number:

(412) 391-4100

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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