|Information Systems Assurance Management 549||ISAM549|
|Auditing Theory and Application||3 (3-0-0-0)|
The course presents an overview of the audit framework, as well as the external audit functions and procedures related to business operating cycles. Auditing standards, planning, internal controls testing, performing the audit and completing an audit file are addressed. The course also discusses the new professional developments that are taking place: adoption of new Canadian Audit Standards 'CASs', further development of public accountability boards, and increasing emphasis on corporate governance, internal controls, risk-based auditing, independence and quality controls. The audit case requires students to design audit procedures, prepare working papers, and exercise professional judgment in completing an audit file.
Corequisites: Information Systems Assurance Management 512