3 credit hours

Auditing & Attestation covers knowledge of auditing procedures, auditing standards generally accepted in the United States of America (GAAS) and other standards related to attest engagements and the skills needed to apply that knowledge in auditing and other attestation engagements. Content covered includes knowledge and skills in the context of the six broad engagement tasks: a) engagement acceptance and understanding the assignment, b) understanding the entity and its environment, c) performing audit procedures and evaluating evidence, d) evaluating audit findings, communications, and reporting, e) accounting and review service engagements, and f) professional responsibilities.

This course also covers Business Environment & Concepts including knowledge of the general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of transactions, and the skills needed to apply that knowledge in performing financial statement audit and attestation engagements and other functions normally performed by CPAs that affect the public interest. Content covered includes knowledge of business structure; economic concepts essential to obtaining an understanding of an entity’s operations, business and industry; financial management; information technology; and planning and measurement.