Audit and Assurance 2

Course Code: ACCP 5300

Academic Year: 2022-2023

The primary emphasis of this course is the auditor's decision-making process and the nature of audit evidence required to issue an audit opinion on the fairness of organization's financial statements. Students will learn about the audit risk model, audit evidence, development and execution of substantive audit strategies, sampling methods and audit reports. Students will gain a broad understanding of practical audit procedures. Application of audit judgment and building of expertise in conducting audits of each of the various business cycles will be emphasized. Students will apply different tests, (e.g., tests of controls, analytical procedures and tests of detailed balances in an audit), perform internal control assessment, identify management assertions, design audit procedures and audit programs for application in all business cycles.