ACCT 230 - Principles of Auditing

Number of Credits: 3
Apply auditing theory to common questions and problems in business. Determine appropriate internal control and gathering of audit evidence to prepare an auditor’s report. Review current professional pronouncements, as well as regulations affecting the auditor. Prerequisite: ACCT-202 and MATH-115. Three hours lecture each week. Three credits. Three billable hours. Offered Fall term only. (Fall Term Only) Three hours lecture each week. Three Credits. Three billable hours.

Pre-requisite(s): ACCT 202 and MATH 115.
Course Objectives: Upon successful completion of this course, students will be able to:
1. Compare different types of audit opinions, including how evidence is collected. (PG1)
2. Identify legal issues in relationships between auditor, client, and third parties.
3. Describe assurance and attestation services.
4. Distinguish internal auditing from compliance auditing.
5. Determine the role of professional ethics and standards applied. (PG5)
6. Evaluate the internal control system for an organization. (PG1)
7. Apply statistical and non-statistical sampling and testing.
8. Create audit reports in compliance with GAAP. (PG6)