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Course Description

In this course, students focus on the auditing practice performed by public accountants. Topics include the CPA profession and the auditor's role, planning the audit, audit reporting and required communications, evaluating internal controls, audit programs for current assets and liabilities, and audit programs for other business cycles.

This graduate course is 6 weeks.

This course has a prerequisite. Please see details in the Prerequisite section below.

PLEASE NOTE:
Attendance and participation are mandatory in all university courses, and specific requirements may differ by course. If attendance requirements are not met, a student may be removed from the course. Please review the Course Attendance Policy in the Catalog for more information.

Topics and Objectives

Role of the Auditor

  • Describe the role of the auditor in the auditing process.

Engagement Planning and Risk Assessment

  • Describe the role of the auditor in the auditing process.
  • Explain the audit planning process, including how auditors assess risk.

Reporting Assets

  • Explain criteria for calculating capital changes.
  • Apply concepts of fixed assets and cost determination to the preparation of financial statements.
  • Prepare consolidated financial statements.

Reporting Liabilities

  • Explain criteria for calculating capital changes.
  • Apply concepts of fixed assets and cost determination to the preparation of financial statements.
  • Prepare consolidated financial statements.

Reporting Cash Flows

  • Explain criteria for calculating capital changes.
  • Analyze journal entries for debt restructuring and deferred taxes.
  • Prepare consolidated financial statements.

Accounting for Deferred Taxes and Troubled Debt

  • Analyze journal entries for debt restructuring and deferred taxes.

Prerequisites

A prerequisite is required for this course. The purpose of a prerequisite is to ensure students have the knowledge and/or skills needed to be successful in the course. Students are required to provide proof of prerequisite during the enrollment/registration process. To meet to a course prerequisite requirement, a student must have successfully completed the prerequisite course at University of Phoenix, provide proof via transcript of completing a comparable course (at least 75% match) or higher level course with at least a grade of C at another institution or have a University of Phoenix approved Student Appeal on file with the University.

This course requires the prerequisite below. Click on the prerequisite course to review the course topics and objectives.

ACC/421 – Intermediate Financial Accounting I or equivalent

This graduate level course requires proof of completion of a Bachelor's degree. Be prepared to provide documentation during the checkout process.

During the checkout process you will be prompted to provide proof of the requirement(s). If you completed the prerequisite at another institution be prepared to upload an official/unofficial transcript. If you have questions about meeting the prerequisite requirements for this course please contact an enrollment representative at 866-345-1800.

Disclaimers

The University of Phoenix reserves the right to modify courses.

While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Representative

Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.

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Enroll Now - Select a section to enroll in

Section Title
AUDITING
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Oct 22, 2019 to Dec 02, 2019
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
143.8
Location
  • Online Campus
Course Fee(s)
Graduate Tuition credit (3 units) $2,094.00 Click here to get more information
Section Fees
Resource Fee $195.00 Mandatory
Credits/Units
3 Credit Hours
Section Title
AUDITING
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Dec 03, 2019 to Jan 27, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
191.7
Location
  • Online Campus
Course Fee(s)
Graduate Tuition credit (3 units) $2,094.00 Click here to get more information
Section Fees
Resource Fee $195.00 Mandatory
Credits/Units
3 Credit Hours
Section Title
AUDITING
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Jan 28, 2020 to Mar 09, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
143.8
Location
  • Online Campus
Course Fee(s)
Graduate Tuition credit (3 units) $2,094.00 Click here to get more information
Section Fees
Resource Fee $195.00 Mandatory
Credits/Units
3 Credit Hours
Section Title
AUDITING
Type
Instructor Led
Days
T, M
Time
12:00AM to 11:59AM
Dates
Mar 10, 2020 to Apr 20, 2020
Campus
Online Campus
Building
Online Non-Degree
Schedule and Location
Contact Hours
143.8
Location
  • Online Campus
Course Fee(s)
Graduate Tuition credit (3 units) $2,094.00 Click here to get more information
Section Fees
Resource Fee $195.00 Mandatory
Credits/Units
3 Credit Hours
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