Assignment:
COURSE DESCRIPTION
This course focuses on the assurances given to financial statements and other documents by the independent auditor in the context of auditing organizations and their business strategies. It compares the traditional independent auditing procedures to those found in the emerging new audit process and risk models.
INSTRUCTIONAL MATERIALS
Required Resources
Hall, J. (2011). Information Technology Auditing (3rd ed.).Mason, OH: South-Western Cengage Learning.
Prentice, Robert,& Bredeson, Dean (2011). Student Guide to the Sarbanes-Oxley Act: What Business
Needs to Know Now That it is Implemented. Mason, OH: South-Western Cengage Learning. (Note: This is located in Week 1 of the course shell)
Supplemental Resources
Audit and Attest Standards, Including Clarified Standards (2012). Retrieved from: https://www.aicpa.org/Research/Standards/AuditAttest/Pages/audit%20and%20attest%20standards.aspx
Fan, Q., & Zhang, X.J. (2012). Accounting Conservatism, Aggregation, and Information Quality.
Contemporary Accounting Research,29, 38-56.
McNeal, A. (2010). What's your fraud IQ? Journal of Accountancy, 209(5), 50-52.
COURSE LEARNING OUTCOMES
1. Assess the impact of the Sarbanes-Oxley Act and other regulatory requirements on the ability of public accounting firms and professionals' ability to provide advisory services.
2. Evaluatethe conceptual framework model that links general controls, application controls, and financial data integrity, and the sufficiency related to establish internal controls.
3. Assess how security and controls processes related to networks, operating systems, and data management are designed and implemented to create sufficient controls over organizational assets.
4. Evaluate the factors that impact the risks, controls, and tests of controls related to information technology governance, including those related to outsourcing.
5. Explore various computer-assisted audit tools and techniques for auditing operating and database systems for establishing a control environment in various business environments.
6. Evaluate the key activities requirements that constitute the system development life cycle (SDLC).
7. Examine the objectives related to the effective implementation of transaction processing and financial reporting systems.
8. Analyze various fraud schemes, determine the implications for the audit,andidentify fraud detection techniques.
9. Assess the risks and benefits of implementing operating systems, communication networks, Electronic Data Interchange, and PC-based accounting systems.
10. Evaluate auditing procedures and techniques to audit the revenue and expense cycles to meet various business requirements.
11. Examine Enterprise Resource Planning Systems and the auditing issues related to implementation and control.
12. Analyze issues related to automated procedures, internal control, and audit tests.
13. Use technology and information resources to research issues in emerging auditing technologies.
14. Write clearly and concisely about emerging auditing technologies using proper writing mechanics.