The philosophy, principles, procedures, and literature of internal and external auditing are examined in this course. The auditor's involvement with internal control, ethics, audit standards, computer-assisted auditing, and sampling is evaluated. This course analyzes relevant issues in financial and managerial accounting and auditing which are currently being addressed and may impact future measurement and disclosure requirements. This course involves an in-depth study of financial accounting and reporting for state and local governments. Also, the reporting practices of hospital, academic institutions, human services organizations, and other non-business organizations are surveyed.
Students learn to research relevant areas of the tax laws.
Objectives include acquiring the technical skills necessary to identify tax situations, isolating the tax issues, and developing the documentary support and arguments for acceptable solutions to complex tax problems. The procedural processes for representing a taxpayer before the Internal Revenue Service are addressed. This elective can be customized to provide an in-depth review of selected issues which may affect future reporting of managerial and financial accounting and auditing within the local, national and international areas. The understanding of OB concepts or theories is vital in the improvement of job performance. This course provides managers with a conceptual framework for effective management.