Advanced Auditing ACCT-742

Course Code ACCT-742
Course Name Advanced Auditing
Category Accounting
Description Advanced Auditing will pay special attention to working paper preparation as well as the ability to identify various auditing reports attached to financial statements.

Through problem solving, individual and group case studies and lectures, you will develop the required skills for the role of an auditor in the economy. These skills include knowledge of: generally accepted auditing standards, audit reports, un-audited engagements, professional ethics and rules of conduct, audit evidence, legal liability and internal control as well as the audit of the transaction cycles of an organization. Emphasis will be placed on file preparation, evaluation of audit evidence and the documentation of internal control. As a real world component, you will produce various sections of an audit file.

The Advanced Auditing course will teach you to:

•Understand the role of auditors in the economy;
•Explain the nature and purpose of auditing and discuss generally accepted accounting standards (GAAS);
•Understand the legal environment in which auditors operate;
•Understand and discuss the impact of internal controls in the audit program;
•Understand and apply the components of auditing planning, risk, materiality and evidence gathering;
•Discuss and apply the various steps in planning, selecting and evaluating a sample;
•Audit payroll, human resources, acquisition and payment cycles, sales and collection cycle, inventory and distribution and capital acquisition and repayment cycles;
•Discuss the implications of fraud and other irregularities to the auditor;
•Audit investments, debt and shareholder's equity;
•Discuss the various assurance services provided by the public accountant;
•Complete assigned business cases.
Contact Telephone 416-289-5207
Contact E-mail ce@centennialcollege.ca
Associated Certificates
Section Cost Semester Start Date End Date Meeting Times Campus
There are no sections for this course at this time.
Legend for Days
M - Monday T - Tuesday W - Wednesday R - Thursday F - Friday S - Saturday U - Sunday
TBA - To Be Announced