Auditing and Attestation

Course Objectives

• Evaluate an organization’s system of internal controls and plan
• Perform an audit of a small company’s financial statements, in accordance with generally accepted auditing standards, and render an appropriate opinion
• Identify standards for other types of attestation engagements and those for conducting an integrated audit of internal controls over financial reporting required at most public companies
• Research professional auditing standards and apply those to real-life situations

What You Learn

• Financial statement audits
• Internal, operational and compliance auditing
• AICPA, PCAOB audit standards
• Professional ethics
• Legal liability of CPAs
• Risk assessment and planning
• Audit evidence and documentation
• Audit planning
• Internal control
• Audit sampling
• Cash and financial investments
• Accounts receivable, notes receivable
• Revenue
• Inventories, costs of goods sold
• Property, plant and equipment
• Depreciation and depletion
• Accounts payable and other liabilities
• Debt and equity capital
• Auditor’s reports
• Audits of public companies

How You Learn

• Research
• Case-type assignments
• Video analysis
• Class discussions
• Readings
• Homework assignments
• Exams