| | Course Cost: 6 Month Subscription Basic Course (no certificate) = $55.00 Course with Online Certificate* = $80.00 |
* Instantly download, print, and share your certificate and CEUs once awarded (additional shipping/handling charges apply for hard copy delivery). UniversalClass™ offers many wonderful learning tools to help you get the most out of your online course, including an online portfolio service that manages all your course completions, and a Certificate Verification Service you can use so others may view and verify the authenticity of your awards.
 Course Description This course introduces a practical approach to auditing. It focuses on the systematic process to include the kind of teaching that students will face in the real world. The course discusses and explains Generally Accepted Auditing Standards (GAAS). Students will walk through the audit process and discover the important elements, such as documenting a client’s system of internal control, performing tests of compliance, and applying substantive test procedures to account balances. Students will review and learn about the process of flowcharting a system of internal control, referencing, statistical sampling, using tick marks on audit workpapers and performing analytical review procedures. They will also get a good understanding of the various audit reports issued by the auditor. Different legal issues and professional ethics in the field of auditing are also discussed. The course is designed to give everyone a comprehensive look at the audit process. Students will not only look at the audit engagement, but will also learn of other services performed by CPA firms. After successfully completing this course, the student should feel comfortable with the audit process and maybe in a situation to help other auditors in a CPA firm. Moreover, understanding the audit process is a must for accounting students because they will broaden their overall view of accounting and develop a better appreciation for it. Those who are knowledgeable in auditing are more likely to obtain higher positions in a company because they will be able to communicate better with outside auditors. Either way students will be better prepared to pursue their studies in auditing and use the course as a step towards preparing for the uniform CPA examination, if they choose to be certified.
Course Lessons |  | Lesson 1: Auditing Regulations & ServicesThis lesson looks into Generally Accepted Auditing Standards (GAAS). We also look at the requirements for becoming a CPA, auditor-job opportunities and services performed by auditors. | Lesson 2: System IdentificationHere we look at the starting phase of the audit: identifying and documenting the system of internal control. | Lesson 3: Compliance TestingOnce internal controls are identified and documented, the next step is to test the controls. | Lesson 4: Substantive Testing - part 1Here we discuss the details involved in testing account balances as the last phase of the audit. | Lesson 5: Substantive Testing - Part 2(continued from Lesson 4 - part 1) | Lesson 6: Audit ReportsThis lesson looks at the standard unqualified report as well as other reports normally expressed by auditors. | Lesson 7: Professional EthicsIn this lesson, we look at some legal issues related to auditor independence, communication between predecessor and successor auditors and more. |
Optional Certificates Awarded - Certificate of Attendance
- Certificate of Class Participation
- Certificate of Appreciation
- Certificate of Merit
- Certificate of Outstanding Achievement
- Certificate of Academic Excellence
In addition to the standard Certificate of Course Completion, Merit Awards may be issued by the instructor at his/her own discretion and are based on student achievement. Merit awards also incur an additional $30.00 processing fee that covers the customization, printing, and delivery of the award, as well as access to the UniversalClass™ Portfolio Service that documents your achievements online. Official Merit Awards have a serial number that verifies the authenticity of the award (great for employers to verify your achievement).
| | Additional Information | Course Title | : | Auditing For Today's Accounting Students | | CEU Value | : | | | Course Number | : | 5079 | | Course Type | : | Professional Development | | Course URL | : | | | Course Rating | : |  | | Instructor | : | | | Syllabus | : | | | Grading Policy | : | Earn a final grade of 70% or higher to successfully complete this course | | Assessment Method | : | Lesson assignments and review exams | | Duration | : | Continuous: Enroll anytime! | | Requirements | : | View Technical Requirements | | Course Fee | : | Basic Course: $55 | | | | |
NOT FOR COLLEGE CREDIT This is a non-credit course, and is provided for your personal enrichment.
This course is not intended to be a substitute for any state, government, licensing, or educational requirements.
Choose from 5 Payment Methods |  | Credit Card Online | | Credit Card through FAX | | Check/Money Order through Mail | | Credit Card over the Phone | | PayPal | | | | To use any of these methods you must press the "Join this Course" button on this screen and go through the online registration process in order to generate the correct order form and correctly process your enrollment. |
Principles Of Auditing is a course seeking to guide and motivate students to consider becoming an auditor as a lifetime career. Students will be faced with college-level material and will use the class as a tool to evaluate their skills.
1) What is this class about? This is an introductory course to auditing. It is designed to guide and motivate students to consider becoming Certified Public Accountants (CPAs).
2) Why should I take this course? Those who successfully complete the course will feel confident about his or her auditing skills and may want to continue down the path to becoming a CPA. The course also allows anyone to analyze their skills and decide whether or not this is the right field for them. After successful completion of the course, students will have a broader view of the auditing process and maybe qualified to perform minor services and assist auditors in a CPA firm. However it is highly recommended that the student continue his or her study in auditing either in college or through an accredited school.
3) Does this course require any previous education or experience? NO! The course is entry-level material and is suitable for anyone. However, those who have had some accounting experience or an introductory course to accounting will find the material easier to understand.
4) How does one complete this course?Besides regular class participation and doing the assignments, students will need to complete 4 end-of-lesson quizzes and obtain an overall minimum of 70% to successfully complete the course.
5) What is your specific grading policy? There will be a total of 4 end-of-lesson quizzes. The assignments will count towards your final grade as part of class participation. They will be graded by the instructor on a judgmental basis. Students will need an overall minimum of 70% to complete the course. The quizzes will be in the form of multiple choices, true/false, fill-in the blanks and essay-type questions. These will add up to 100%. The assignments are designed for research and to give students links for finding additional material on the subject matter. 6) Am I allowed to retake the quizzes and the final? No. The material has been carefully organized to give students a good understanding of the basic auditing principles. Though the quizzes are challenging, they are designed to get students thinking about the CPA exam. The questions on the CPA examination have a great deal of difficulty; so students are encouraged to do their best if they decide to go down that path.
7) What will I get for successfully completing this course? Upon successful completion of the course, you will have the option of buying the following certificates and letters:- Attendance- Class participation- Appreciation- Merit- Outstanding achievement- Academic excellence- Letter of reference.
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