Online

Auditing of financial statements is a required skill for advanced accountants and CPAs. Intended for individuals interested in pursuing a professional accounting career, this course prepares students with an understanding of auditing methods and concepts. Through online lecture and instructor-led Q&As, students will learn professional standards and responsibilities, legal liability, audit objectives, types of audits, audit evidence, materiality and audit risk. This class will also cover best practices during the audit process, including planning, the study and evaluation of internal control, tests of transactions, direct tests of account balances, analytical procedures and more. In addition, students will become familiar with audit sampling and the effect of electronic data processing (EDP) on the audit process. By the end of this course, you will possess the knowledge and analytical skills necessary to perform basic financial audits.

Learning Outcomes

  • Demonstrate professional ethics
  • Distinguish the authoritative bodies responsible for setting auditing standards, attestation standards, and quality control standards
  • Apply the scope of legal liability inherent in the practice of accounting
  • Utilize the procedures necessary to complete an audit, including an evaluation of audit findings and the auditor’s post-audit responsibilities
  • Describe standard audit reports for public and non-public entities, including available options for audit opinions

Skills You Will Gain

  • Auditing
  • Professional standards, ethics, and legal liabilities of CPAs
  • Internal control
  • Additional assurance services
Academic Units
4
Section Number
204ACC505
Instruction Method
Online class

Section Notes

Students can enroll through April 11, 2021. The course begins on April 5, 2021  and must be completed by June 27, 2021.

This course requires the purchase of course materials:

 

Principles of Auditing & Other Assurance Services, 21st Edition, 2019 (McGraw Hill) Whittington and Pany.  ISBN 978-1259916984. Any format is acceptable, and you may order this textbook from any retail or online vendor that you choose. (The publisher's website does offer you the opportunity to save money by buying the two required materials as a bundle at https://www.mheducation.com/)

AND

Connect Access Card  ISBN 978-1260299366 (for students who purchase hard copy of text book can buy the access card online versus waiting for mail delivery if needed)

Please note that ISBN numbers can vary depending on the vendor.   ISBN numbers noted here are what is current with the publisher's website.

Enrollment Policies

Drop requests (withdraw with a refund) will be approved, less a $30 processing fee, if the request is received within two weeks of the course start date. Click here to view complete enrollment policy information, including details on withdrawals and transfers.

All drop requests for Fast Track students must first be approved by program office.

Prerequisites

Principles of Financial Accounting

Technical Requirements

To ensure your success with the online element, please review our technical requirements page at online learning.

Section Course Materials

Principles of Auditing & Other Assurance Services

ISBN
ISBN 978-1259916984
Mandatory
Any format is acceptable, and you may order this textbook from any retail or online vendor that you choose. (The publisher's website does offer you the opportunity to save money by buying the two required materials as a bundle at https://www.mheducation.com/) Please note that ISBN numbers can vary depending on the vendor.   ISBN numbers noted here are what is current with the publisher's website.

CONNECT Access Card

ISBN
ISBN 978-1260299366
Mandatory
The publisher's website does offer you the opportunity to save money by buying the two required materials as a bundle at https://www.mheducation.com/) Connect Access Card ISBN 978-1260299366 (for students who purchase hard copy of text book can buy the access card online versus waiting for mail delivery if needed) Please note that ISBN numbers can vary depending on the vendor. ISBN numbers noted here are what is current with the publisher's website.

Discounts

Group Discount

Groups of three or more, enrolled at the same time with a single payment method may receive a 10% discount on each enrollment.  Contact UC Davis Continuing and Professional Education Student Services office to enroll your group: (530) 757-8777.

Early Enroll Discount

Enroll 14 days before the course start date to save $50 on the course fee.

Info Session Discount

Attendees of UC Davis Continuing and Professional Education Information Sessions may be eligible for $100 discount on a class by entering the Coupon Code provided at the Information Session.  Contact UC Davis Continuing and Professional Education Student Services office, at (800) 752-0881, if you have questions about this discount.

CAAA Member Discount

Current members of the Cal Aggie Alumni Association and other UC alumni associations receive $50 off the course fee. If you don't have your association discount code contact UC Davis Continuing and Professional Education Student Services at (800) 752-0881.

Capitol Corridor Rider

Capitol Corridor riders are eligible for a one-time $100 discount on a UC Davis Continuing and Professional Education course (some exceptions apply). The Discount Code is available on the UC Davis Continuing and Professional Education course page on the Capitol Corridor’s onboard Wifi system.