Those standards address the evaluation of computer security, program development, program modification, computer processing, and source data controls. Current issues in auditing are addressed. The development and use of cost information for strategic cost management is emphasized. The uses of accounting information for management planning, production, and control decisions are covered. Examples include operations and capital budgeting, computer applications, and an in-depth application of cost accounting concepts.
Emphasis is placed on the understanding and use of current cost management techniques.
Theory and application of federal income taxation to corporations, partnerships, limited liability companies, S corporations, fiduciaries, and tax-exempt organizations. Specific topics include the tax effects of forming and operating these various entities. The course includes an introduction to estate and gift taxation, the tax consequences of international transactions, and tax research techniques. In-depth study of auditing from both internal and external auditors' perspectives. Topics include substantive testing, evidence, planning, reporting, documentation, and case studies.