ACC 530
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Advanced Financial Statement Auditing
Accountancy
Marriott School of Business
Course Description
Accounting methodology, professional auditing standards, and current issues.
When Taught
Fall
Min
3
Fixed/Max
3
Fixed
3
Fixed
0
Other Prerequisites
Admission to MAcc; Acc 515 or equivalent
Title
Auditing Concepts
Learning Outcome
Use auditing concepts and variables (e.g., client acceptance, risk assessment, materiality, understanding and testing of internal controls, analytical procedures, substantive audit testing, documentation of evidence, and completing an audit engagement) to make audit planning, testing, and evaluation decisions.
Title
Application of Concepts
Learning Outcome
Apply auditing and assurance concepts to real-world case studies.
Title
Sampling
Learning Outcome
Apply statistical sampling concepts to auditing tests of controls, transactions, and balances.
Title
Audit Software
Learning Outcome
Demonstrate basic proficiency with an auditing software package that is widely used in practice.
Title
Teams
Learning Outcome
Collaborate in teams to solve problems and present findings in both written and oral forms.
Title
Current Issues
Learning Outcome
Examine issues currently facing the profession (e.g., regulation, new standards, fair value, legal liability, independence, competition, new services)
Title
Ethical dilemmas
Learning Outcome
Deliberate on the spiritual and ethical implications of dilemmas faced by accounting professionals.
Title
Professional Judgment
Learning Outcome
Examine characteristics of good professional judgment as well as common threats to good judgment.
