Auditing –

acc546

(3 credits)

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 of controls, substantive tests of transactions, and analytical procedures for the cash cycle.

The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.

Auditing –

acc546

The CPA Profession and the Role of the Auditor

Planning the Audit

Audit Reporting and Required Communications

Internal Control Evaluation

Audit Programs for Current Assets and Liabilities

Audit Program for Other Business Cycles

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