ACCT-421 - Audit and Assurance

Minimum Credits: 3 Length: 45 hours Prerequisites: A minimum grade of C- (55%) in ACCT 374, ACCT 375 and STAT 106 Delivery Method: Blended Cost: $365.28 Course Outline: https://sps.cotr.bc.ca/Outlines/Course%20Outlines/ACCT421.pdf

This course covers basic auditing concepts and techniques from the Canadian Auditing Standards including audit planning, assessing audit risk, assessing internal controls, gathering and evaluating audit evidence and audit sampling techniques.  Students will be introduced to the auditors’ professional, ethical and legal responsibilities, and they will examine the role of auditors in society and the importance of professional judgment.  Students will explore audit issues related to transaction cycles such as cash receipts, cash disbursements, payroll and investment/finance.  They will also review reporting requirements and reports under Canadian Auditing Standards, and they will examine compilation and review engagements.