ACCT2700 Auditing
This is a capstone class that will draw upon different topics covered in the AAS degree. It will familiarize students with the year-end audit process conducted by a CPA audit firm, and with the activities leading up to the publication of the annual report.
Course Requirements and Evaluation
Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.
Learning Outcomes
The following outcomes will be addressed in the course:
Describe the purpose of an audit
List the activities in audit preparation
List the typical activities of a CPA during the audit process
Describe the difference between an internal and external auditor
Describe the effect of Sarbanes-Oxley upon publicly traded corporations
Explain the procedures conducted to test internal controls
Describe how the annual report embodies the qualitative characteristics of financial accounting
Analyze the majors sections of the annual report
Identify the required parts of the Auditor's Report
List the required information in the Notes section of the annual report
Contrast the ethical dilemmas between stewardship and ethical responsibilities of corporate management
Identify the different goals of the Security & Exchange Commission, Assoc. of Independent CPA's, corporate management, financial market analyst, and private investors
Explain the effect of international accounting standards upon future U. S. Corporate reporting
Text and References
A list of textbooks required for this course is available at the
campus store and in eServices.
Course Scheduling
The scheduled hours of instruction include sixteen hours for each lecture credit, thirty two hours for each lab credit and forty hours for each credit of supervised occupational experience (SOE). Lecture credit may include formal or impromptu lectures, demonstrations or discussions with the entire class or with small groups or individuals. Refer to the Credit Details section of this course outline for the credit breakdown.
Accommodations Statement
Access Services - Reasonable accommodations are available to qualified students with documented disabilities. Upon attending an intake meeting with Access Services, qualified students will receive a letter listing the approved accommodations that they may provide to their instructors. If you have a documented disability that may require accommodations, contact HTC Access Services at
AccessServices@hennepintech.edu or
https://hennepintech.edu/current-students/access-services/index.html.
Campus
Brooklyn Park Campus and Eden Prairie Campus: 952-995-1300
Credit Details