This course will cover the standards, concepts, and principles related to auditing theory and practice. This course will provide students with the skills necessary for effective decisions regarding auditing, financial reporting, and ethics issues that face organizations.
Create appropriate reports to communicate audit findings.
Evaluate the role of ethics in audit reporting.
Internal Control Evaluation, Employee Fraud, and Cash
Evaluate manual and computerized control activities.
Assess internal control limitations and risks.
Recommend controls to prevent and detect financial misstatements.
Recommend procedures for detecting employee fraud concerning cash.
Planning the Audit
Analyze elements of the audit planning process.
Prepare a basic audit program.
Perform preliminary analytical procedures.
Recommend ways to mitigate engagement risk and audit risk.
Substantive Testing I
Explain the process and benefits of audit sampling.
Assess risks inherent to selected transaction cycles.
Substantive Testing II
Develop tests of controls and substantive procedures for selected transaction cycles.
Design substantive audit procedures for detecting errors and fraud.
The CPA Profession and the Auditor's Role
Examine the CPA profession and licensing requirements.
Assess the role of auditing in reducing information risk for decision makers.
Critique current auditing standards.
Analyze the importance of ethics in the auditing process.
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.