MBA 620: Auditing I

Overview

This course systematically approaches the audit process introducing the concepts of audit risk, materiality, and evidence. The concepts are applied to selected audit and assurance services and processes. The risk assessment process proposed by the Auditing Standards Board and adopted by the International Auditing and Assurance Standards Board is incorporated in the course. Application of auditor judgment and learning are focused on engaging, real-world examples, illustrations, and analogies.

Learning Outcomes

Upon successful completion of this course, students will be able to:

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

Required Texts
MBA 620 texts are available from the JIU/MBS bookstore