ACCT 425 Auditing – Self-Paced Course

Auditing provides a thorough exploration into the auditing of financial statements, emphasizing the methodologies used to substantiate financial amounts reported. This course is designed to dig into the significant role auditors play within the American economy, examining the professional standards, ethical considerations, and legal liabilities that govern their work. Students will learn about the varying audit procedures and how they are shaped by factors such as internal controls, the quality of evidence available, and the use of statistical sampling. Each of these elements is crucial in determining the appropriate steps an auditor must take to ensure accuracy and compliance in financial reports.

The course further covers the evaluation of internal control systems, emphasizing special challenges that can arise in a computerized environment which may impact audit processes and outcomes. Students will gain practical knowledge through a basic audit case study, helping them illustrate and deepen their understanding of an auditor’s tasks and responsibilities including the preparation of an auditor’s report. In addition, the course takes students through hands-on experiences in selecting specific audit procedures and collecting audit data, equipping them with the practical skills necessary for effective practice in the field. This comprehensive approach not only familiarizes students with the framework and responsibilities of auditing but also prepares them to effectively explore and apply advanced auditing procedures in professional scenarios.