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 2023 term.
Thu Sep 07 - Thu Nov 30 (13 weeks)
- 13 weeks
- CRN 30763
Class meeting times
|Sep 07 - Nov 30||Thu||18:30 - 21:30||Burnaby SE06 Rm. 204|
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
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)
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Programs and courses are subject to change without notice.