Auditing 2 (External)

Course Code	ACCT-332
Course Name	Auditing 2 (External)
Category	Accounting
Description	Auditing 2 is the second in a series of courses relating to this area of expertise. It will emphasize file preparation, evaluation of audit evidence and the documentation of internal control. Specific topics will include: the role of auditors in the economy, 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. Through a major case study and lectures, you will develop skills in working paper preparation as well as the ability to identify various auditing reports attached to financial statements. As a real-world component, you will produce various sections of an audit file. You will be tested through quizzes and a comprehensive final exam. Your Auditing 2 training will prepare you to: •Describe and illustrate the four types of audit tests applied to financial statements; •Choose the appropriate audit report to assign to the audit circumstances; •Describe the appropriate substantive tests to be conducted during the acquisition and payment cycle; •Analyze short cases for possible fraud and choose the appropriate remedial actions; •Discuss the various sampling approaches in the inventory and warehousing and capital acquisition and repayment cycles; •Analyze internal control systems and other organizational issues, and prepare the necessary control adjustments; •Identify the Board's role in the overall corporate governance, including IT; •Apply the Audit Command Language software to analyze large amounts of data and infer the results upon the organization; •Identify and analyze contingent and subsequent events and their implications on the financial results.
Notes	Prerequisites: Intermediate Accounting 1 ACCT-255, Accounting Information Systems ACCT-257 or permission of the department. Required course for the following outside certification: This course is offered in both CE and Distance Learning formats. For further information regarding Distance Learning, visit http://www.centennialcollege.ca/programs-courses/distance-learning/ or email online@centennialcollege.ca.
Contact Telephone	416-289-5207
Contact E-mail	ce@centennialcollege.ca
Associated Programs
Register Online	https://secure.centennialcollege.ca/webreg/

Section	Cost	Semester	Start Date	End Date	Meeting Times	Campus
425	$472.02	Winter 2024	2024-01-16	2024-04-23	Times Days No times defined -	OntarioLearn
435	$449.21	Summer 2024	2024-05-14	2024-08-20	Times Days No times defined -	OntarioLearn

Legend for Days M - Monday T - Tuesday W - Wednesday R - Thursday F - Friday S - Saturday U - Sunday TBA - To Be Announced