ACCT 460 introduces students to the concepts, principles, and practical applications of auditing in the business world. The course serves the needs of students planning to enter the accounting profession, particularly those who plan to pursue auditing careers. ACCT 460 emphasizes the concepts and practical applications that will serve as a foundation for developing auditing skills.
Outline
Lesson 1: Introduction to Auditing and Assurance
Lesson 2: Professional Ethics, Audit Responsibilities, and Client Acceptance
Lesson 3: Audit Process, Internal Control Components, and IT System Controls
Lesson 4: Audit Planning, Audit Risk Assessment, and Risk Response
Lesson 5: Audit Evidence and Audit Sampling
Lesson 6: Audit Analytical Procedures
Lesson 7: Audit of the Revenue Cycle and Cash Balances
Lesson 8: Audit of the Acquisition and Payment Cycle
Lesson 9: Audit of Inventory and Distribution Cycle, and Human Resources and Payroll Cycles
Lesson 10: Completion of the Audit and Audit Reports
Evaluation
To receive credit for ACCT 460, you achieve a minimum grade of 50 percent on the Final Examination, and achieve a composite course grade of at least D (50%).
The ACCT 460 course activities and weightings are as follows:
Activity
Weight
Assignment 1
15%
Assignment 2
15%
Assignment 3
15%
Final Exam
55%
Total
100%
The final examination for this course must be taken online with an AU-approved exam invigilator at an approved invigilation centre. It is your responsibility to ensure your chosen invigilation centre can accommodate online exams. For a list of invigilators who can accommodate online exams, visit the Exam Invigilation Network.
To learn more about assignments and examinations, please refer to Athabasca University’s online Calendar.
Note: Students planning to transfer this course to a Chartered Professional Accountant designation are advised that they will be required to achieve a grade higher than the minimum passing grade. See CPA Requirements for details.
Materials
Arens, A. A., Elder, R. J., Beasley, M. S., Hogan, C. E., & Jones, J. C. (2022). Auditing: The art and science of assurance engagements (15th Can. ed.). Pearson Canada. ISBN 9780136691983 (eText)
Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized study counterparts.