Laboratory experience on advanced spreadsheets, general ledger, payroll, and other currently available software. Students who plan to participate in the internship program discuss the experiences of students who have completed internships. Students will be given instruction in interviewing techniques. This course serves as a prerequisite for any student planning to participate in the internship program. This course is an introductory fundamental course in auditing.
Emphasis is on the different types of audits performed and the environment of each type of audit.
Topics will include internal control, evidence gathering, and compliance and substantive testing. This course involves the in-depth study of auditing as it applies to external financial statements. Emphasis on audit standards, professional ethics, legal liability, and reporting requirements. An examination of various aspects of financial accounting theory, such as its history, the processes used in development of accounting theory, alternative measurement models, the conceptual framework and its value. Selected contemporary issues and standards will be used each semester to aid in total understanding.