ACCT 320 - Auditing and Assurance Services

3 Credits
This course examines auditing and assurance services. The course focuses on the detailed study of the financial statement audit, including professional responsibilities and ethics, audit planning, internal controls, evidence gathering, and audit reports. Assurance services, reviews, and compilations are also covered.

Prerequisite(s): ACCT 302
Course Learning Outcomes:
1. Demonstrate and analyze the auditor’s study and evaluation of internal control structure and recommend enhanced internal control procedures.
2. Analyze the decision making process in accepting clients and communicate acceptance through an engagement letter.
3. Gather evidence, analyze results, and document conclusions.
4. Prepare and evaluate audit and other assurance service reports.
5. Apply and explain the following:
a. auditing standards
b. attestation standards
c. professional responsibilities for ethical behavior in attest services
dlegal liability in attest services.