UMass Boston

Course Overview

Description

The course involves the study of the theory and practice of professional auditing. The auditing environment has become more complex and dynamic today and the need for reliable assurance over financial reporting has intensified. This course is concerned with the technical and conceptual skills involved in an audit or examination of financial statements. Students will learn about concepts and applications related to financial statement auditors' professional responsibilities, audit evidence, internal control, audit risk, fraud consideration, audit planning, audit program, audit sampling, and audit report. Furthermore, the advancement in technologies has increased the amount of data available for analysis. The audit profession is rapidly exploring how audit data analytics might allow them to increase audit quality and efficiency. We will discuss how audit data analytics are being used in all phases of the audit. More specifically, we will discuss AICPA's Guide to Audit Data Analytics for each of major audit procedures. We will also use a comprehensive audit data analytics case. .