This course discusses auditing principles and generally accepted auditing standards and introduces students to the underlying principles and concepts used by the auditing profession. Students study the purpose of the audit function and are introduced to techniques and procedures. Using a risk-based approach, the course focuses on the auditor's decision making process of assessing risk and tailoring the audit approach as a response to those risks.
Below is one offering of FMGT 3310 for the Fall 2022 term.
Thu Sep 08 - Thu Dec 01 (13 weeks)
- 13 weeks
- CRN 30763
Class meeting times
|Sep 08 - Dec 01||Thu||18:30 - 21:30||Burnaby SE06 Rm. 204|
Course outline TBD — see Learning Outcomes in the interim.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
Upon successful completion of this course, students will be able to:
- Identify the components of an audit and explain the demand for audits.
- Examine the characteristics of quality control for financial statement audits and explain how quality control is monitored.
- Analyze a variety of situations to assess whether threats to independence exist.
- Identify the components of the audit risk model and assess the risk of material misstatement for a variety of audit engagements. Begin to assess the nature, extent and type of evidence required.
- Discuss the factors that need to be considered in planning the audit engagement and assess the appropriate materiality level for a given audit engagement.
- Describe the management assertions.
- Understand the primary objective of internal controls and begin to assess the adequacy of internal controls in a basic situation.
- Begin to apply professional judgement to a variety of audit situations.
Effective as of Fall 2014
Auditing 1 (FMGT 3310) is offered as a part of the following programs:
School of Business + Media
- Financial Management (Professional Accounting Option)
Interested in being notified about future offerings of Auditing 1 (FMGT 3310)? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.
Programs and courses are subject to change without notice.