Identify the professional and regulatory standards that impact the auditing profession.
Use audit planning techniques to assess risks, calculate materiality and prepare audit programs.
Evaluate factual situations to identify internal control deficiencies, significant deficiencies, and material weaknesses.
Identify types of evidence and practice documenting the results of performing audit tests.
Use various audit sampling to determine whether sufficient evidence has been obtained.
Identify audit procedures performed in the completion of an audit.
Select the appropriate audit report for various factual situations.
Demonstrate knowledge of other attestation and assurance services performed by CPAs as well as other types of services, which independent auditors may or may not perform.
Course Description Surveys auditing concepts and processes used by management and assurance professionals that include audit standards, reports, professional ethics, legal liability, evidence accumulation, audit planning, internal controls, transaction cycles, other engagements and operational auditing. Credits: 3