Through an extensive review of accounting standards and responsibilities, this course prepares students for taking the Auditing and Attestation (AUD) section of the Certified Public Accountant (CPA) Exam. Students begin by learning about the professional and legal responsibilities under which CPAs must operate. Next, the course explores how to properly plan for an engagement, how to assess control risk, and a review of international auditing standards. They conclude this course with a review on accounting and attestation service engagements, as well as how to properly sample and use technology during audits.
Professional Responsibilities and Engagement Planning, Obtaining an Understanding of the Client, and Assessing Risks
Identify the principles and rules of the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct.
Identify organizations and standards that provide accounting oversight.
Define financial statement assertions.
Identify the three elements of audit risk.
Identify considerations and procedures during risk assessment.
Understanding Internal Control and Assessing Control Risk
Identify tools and procedures used by auditors to obtain an understanding of controls and tests.
Describe approaches, testing and considerations for each part of the accounting cycle.
Identify communication strategies for accounting deficiencies and weaknesses.
Responding to Risk Assessment: Evidence Accumulation and Evaluation and Reporting
Identify procedures for accumulating and evaluating audit evidence.
Explain procedures for completing an audit.
Identify auditing and attestation standards for reporting financial information.
Accounting and Review Services, Auditing Sampling, and Auditing with Technology
Identify plans, procedures and reporting issues for both financial statement compilations and reviews.
Identify key facets of the Statements on Standards for Accounting and Review Services (SSARS).
Identify the steps involved in various methods of sampling.
Analyze how computer technology is being used in auditing.
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 Representative.
Continuing Education Units (CEUs) and Professional Development Units (PDUs) cannot be converted into academic credit. It is the student's responsibility to confirm whether or not CEUs/PDUs earned at University of Phoenix will be accepted by employers and/or applicable licensing agencies.