Auditing I (Auditing 300)

Learning Outcomes

Upon completion of this course, students are expected to be able to increase awareness of the regulatory framework in which auditors operate; analyze financial information with a view to identifying key risk areas and their impact on the audit approach; determine the appropriate audit procedures; identify the appropriate audit report for a given set of circumstances.

Topics

By the end of the course, students are expected to be able to complete an examination of the company audit process. Students will learn about audit planning – the concepts of materiality and audit risk, the evaluation and testing of internal control systems, substantive audit testing of transactions and balances, and also audit sampling theory and methods. Students are also expected to be able to perform the finalization of the audit and audit reporting.

Prerequisite : AC318 – Financial Accounting I