AC 340T - Auditing Principles

(3 units)

The course is an introduction to external auditing. The primary emphasis is on the decision making process in external audits of financial statements and internal controls over financial reporting. The student will be exposed to the different financial statement cycles, and will learn various audit processes such as gathering evidence, assigning responsibilities and audit planning. This course highlights fraud auditing and the ethical decisions that audit professionals may encounter. The student will be exposed to the Auditing section of the Certified Public Accounting (CPA) exam. Where applicable, the student will be exposed to auditing in a global environment.
Prerequisites: AC 201T (may be taken concurrently with AC 325T)