Auditing 310_S1_2025

This course, Auditing 310 (GAU711S) is designed to give you a comprehensive understanding of the audit process, from obtaining evidence to reporting on financial statements. You will learn the auditor's responsibilities, key audit procedures, and how to evaluate audit evidence, both in manual and computerized environments.

The course covers several key areas, including:

  • Audit Evidence: You'll understand how auditors collect evidence, the hierarchy of evidence, and how to assess financial statement assertions.
  • Test of Controls: You'll explore how auditors test controls across various business cycles like revenue, payments, and payroll, in both manual and automated settings.
  • Internal Auditing: You'll dive into the role and responsibilities of internal auditors, as well as the relationship between internal and statutory audits.
  • Substantive Procedures & Sampling: Learn how to design and apply substantive audit procedures and how to use sampling techniques to test audit items.
  • Audit Reporting: The course will cover how auditors structure reports, including unmodified and modified opinions, and how to handle matters like fraud or going concern issues.

Additionally, the course introduces you to modern developments in the auditing world, such as the use of digital technology and sustainability audits.

Assessments are hands-on, with face-to-face tests to assess your understanding of the material. Overall, this course prepares you for a career in auditing by providing both theoretical knowledge and practical skills needed in the field.