Provides the research skills necessary to answer the questions of the future. Advanced Cost Accounting. Study of more advanced aspects of cost accounting including budgeting, standard costs and cost and profit analysis for decision-making purposes. A study of the nature and purpose of the examination of financial statements by independent certified public accountants. Major phases of the audit process are examined in detail, including professional ethics, planning, internal control, sampling, evidence and reporting.
Emphasis is placed on professional auditing standards.
The first part of this course serves as extension and completion of the study of basic financial statement auditing begun in ACCT 4310 . Topics covered include EDP auditing, accountants' legal liability and compliance and operational auditing. The latter phase consists of intensive review and preparation for the auditing section of the Uniform Certified Public Accountant Examination. Includes study of EDP controls, auditing around and through the computer, auditing advanced computer systems and service bureau systems. A computer audit software package will be used as an audit aid in solving problems and cases.