Location

Community Services & Continuing Education - Alexandria

Objectives

• This course provides a foundation in assurance, attestation, and auditing fundamentals for future auditing, financial, managerial, systems and tax professionals. The emphasis of this course is on conceptual, theoretical and practical aspects of auditing financial statements.

Outcomes

Upon completion of this course, students will be able to apply professional auditing standards and appropriate audit and other procedures to auditing, assurance and attestation engagements. This will be demonstrated through: • appropriate risk assessments of financial statement assertions. • thoughtful analysis of financial and non-financial data. • evaluations of internal controls, incorporating the additional management responsibilities required by The Sarbanes-Oxley Act of 2002 • design of audit programs for financial statement audits. • Identification of some of the conditions that lead to frauds. In addition, those students desiring a career in assurance services will have the essential background to continue their education by taking courses directed at specific aspects of assurance services such as internal, government, fraud and forensic auditing.

Course Contents

Auditing and Attestation1. Engagement Acceptance and Understanding the Assignment (12% - 16%) 2. Understanding the Entity and Its Environment (including Internal Control) (16% - 20%) 3. Performing Audit Procedures and Evaluating Evidence (16% - 20%) 4. Evaluating Audit Findings, Communications, and Reporting (16% - 20%) 5. Professional Responsibilities (16% - 20%)