A grade of Incomplete will be given if the term paper has not been submitted but has been presented from notes and all other requirements have been completed and passed, including the final examination. The course takes a cost-benefit approach to management decisions and considers several quantitative techniques used in them. The course integrates material from accounting with economic analysis, quantitative methods, and behavioral science. 3 credits Deals with the development of accounting control structures and processes to ensure that resources are obtained and used efficiently and effectively in the accomplishment of organizational objectives. Articles and other readings from the literature are assigned on related behavioral, quantitative, managerial, and information-systems topics.
Emphasis is placed on systems, controls, operations, and the computer as an audit tool.
The course draws on students' background in statistical techniques, economics, and the behavioral sciences. Study of Regulations S-X relating to the form and content of financial statements required to be submitted under the Federal Securities Acts. Study of SEC Accounting Series Releases, Staff Accounting Bulletins and Financial Reporting Releases, rulings and decisions. It overviews the conceptual framework, organization, processes, and procedures relating to internal auditing. In addition to mastering these topics, students will apply the techniques of internal auditing to selected audit problems and particularly situations associated with operational audits.