CSB 3404 (LUOA), ACCT 404 (LUO): Assurance and Attestation

11/08/2019 to 04/16/2020 • Modified 07/30/2026

Course Description

This course discusses assurance and attestation procedures for individuals seeking employment in public accounting. The course will cover the concepts of evaluating a company’s internal control system, risk assessment, preparation of a comprehensive audit plan, common audit procedures, and auditor’s reports and opinions. The use of data extraction and analysis tools for the use in audit procedures will also be discussed.

Rationale

Those who elect to begin their career in the public accounting arena will obviously need to know the basics of their profession of auditing, as will those who begin their career in private accounting or governmental accounting and then enter public accounting. In addition, those who never work as auditors themselves may find themselves asked by their employer to assist the outside auditor in his or her work; in this case, it is very helpful to be familiar with basic auditing theory and procedures. A knowledge of auditing, especially the limitations thereof, is also helpful to users of financial data in order to appreciate the degree to which they should rely on the published financial statements.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

Discussions (4)

Discussions are collaborative learning experiences. Therefore, for each discussion, the student will compose a 400 – 500-word thread. Each thread must cite at least 2 sources in current APA format. In the following Modules: Weeks, the student will submit a reply to the thread of at least 1 classmate from the previous module: week. Each reply must be at least 200 words.

Read & Interact Assignment

The student will complete the assigned SmartBoard 2.0 reading assignment to test their knowledge and understanding of proper auditing procedures.

Homework Assignments (8)

The student will complete assigned questions in Connect to test their knowledge and understanding of proper auditing procedures.

Quizzes (2)

The student will complete both a Midterm and a Final. Each will be open-book/open-notes, consist of multiple-choice and matching questions, and have a time limit of 2 hours and 30 minutes.