Accounting 414

ACTG 414: Auditing

Prerequisites: ACTG 313

Credit Hours: (2)

Covers principally the attest function; the basic professional auditing standards and how they are applied by independent auditors; professional ethics; legal liability of auditors; preparation of auditing reports; and such auditing techniques as audit sampling.


Detailed Description of Content of Course

1. Auditing Standards (statements on auditing standards)
2. Internal Control and the Auditor
3. Audit Evidence
4. Audit Sampling
5. EDP and the Auditor
6. Audit Working Papers
7. Types of Audit Opinions
8. Professional Ethics and Auditor's Legal Liability


Detailed Description of Conduct of Course

The instructor lectures on the topics, and goes over assigned homework. An audit practice case is assigned and used to facilitate class discussions.


Goals and Objectives of the Course

1. Students should develop an understanding of generally accepted auditing standards.
2. Students should know the main auditing procedures to use in auditing various accounts on the financial statements.
3. Students should understand what type of reports should be issued in various circumstances.


Assessment Measures

Graded assignments may include in-class tests, a final examination, pop quizzes, the assignment and presentation of problem exercises, papers, and class preparation and participation.


Other Course Information



Review and Approval

Date Action Reviewed by
October 2007 Reviewed Dr. Dan Davidson, Chair
June 1, 2012 Revised