BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.
Course Details
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.
The following dates will be HELD IN-CLASS at the Burnaby Campus: Quiz 1: January 27th Midterm: February 17th Quiz 2: March 10th Final: March 31st This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
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Status
This section is only available for registration starting Wed, Oct 27 at 9:00 am (PDT)
EXAMS WILL BE HELD IN-CLASS AT THE BURNABY CAMPUS. THESE WILL BE HOSTED ON A SCHEDULED MONDAY. THE SPECIFIC DATES FOR THESE ARE TO BE ANNOUNCED. This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. Class WILL NOT be held Monday, Feb. 21st (Family Day)
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
This section is only available for registration starting Wed, Oct 27 at 9:00 am (PDT)
Sneak Preview
Learning Outcomes
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
Related Programs
FMGT 3310 is offered as a part of the following programs:
Interested in being notified about future offerings of FMGT 3310 - Auditing 1?
If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.
Registration is currently open for the Fall 2021 term.
A sneak preview of Winter 2022 term courses is also now available here.
Students may register for Winter 2022 term courses online or by phone
starting Wed, Oct 27 at 9:00 am (PDT).
Classroom Locations
Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.