Course Code: ACCT 322
Academic Year: 2025-2026
The course will provide students with a sound conceptual and pragmatic understanding of auditing. The primary emphasis of the course is on the auditor's decision-making process including the purpose, scope and concepts of external auditing. The impact of the adoption of international standards of auditing (ISA's) on Canada's audit standards will be explored. This course also includes audit planning, evaluating internal controls, documenting audit evidence, assessing materiality and risk and communicating the results of the audit. The course will also cover the legal and ethical requirements of the public accounting field and how to apply these requirements to practical audit situations. This course assumes that students have a foundation in intermediate financial accounting and are familiar with quantitative methods and management information systems. Students are also expected to have a sound understanding of basic mathematics and its application in a business context.