This is a one semester introductory-level course in financial auditing. Students will examine auditing theory and practice through a study of generally accepted auditing standards, including the nature of evidence, audit program planning, internal controls and professional ethics.

 Upon completion of this course, students will be able to apply professional standards applicable to the formal audit of financial statements by independent public accountants. Students will gain an understanding of auditor responsibilities, including the legal and ethical challenges faced by auditors, and the auditor’s responsibility for fraud detection and internal control evaluation. Students will also gain an appreciation of the risk approach to auditing, through an examination of the quantitative audit risk model applied to tests of transactions and account balances that make up an entity’s financial statements.

Text: Introductory Auditing: A Risk Based Approach to Conducting a Quality Audit-9^th Edition

Johnstone/Gramling/Rittenber.

ISBN, specific edition): ISBN-13-978-1-133-93916-0;   9^th edition