MBA620: Auditing I

Course Credits:
3
Course Hours Per Week:
15

Course Overview

This course systematically presents the audit process, introducing the concepts of audit risk, materiality, and evidence. The risk assessment process proposed by the Auditing Standards Board (ASB) and adopted by the International Auditing and Assurance Standards Board (IAASB) and the Public Company Accounting Oversight Board (PCAOB) is incorporated into the course. Students will investigate a wide range of related topics including:

  • Risk assessment and materiality
  • Evidence and documentation
  • Internal control and audit sampling
  • Auditing processes for revenue, purchases, and human resources management

Students will evaluate realistic auditing cases, supporting their positions with appropriate calculations. They will also explore and evaluate Internet resources related to course topics, and participate in Forum discussions that challenge them to think critically about and apply conceptual and technical auditing practices.

Course Learning Objectives

  • Summarize and discuss auditing and assurance within the public accounting profession and its environment.
  • Apply fundamental concepts and techniques of risk assessment and materiality.
  • Apply fundamental concepts and techniques to audit evidence and documentation.
  • Demonstrate mastery of fundamental concepts and techniques related to auditing planning.
  • Demonstrate mastery of fundamental concepts and techniques related to auditing internal control.
  • Demonstrate mastery of statistical and non-statistical sampling tools for auditing.
  • Apply auditing concepts and techniques to the revenue process.
  • Apply auditing concepts and techniques to purchasing and human resource management processes.

Course Prerequisites

Special Requirements

Students should have access to Microsoft Excel.