Mar 29, 2024  
Loyola Marymount University Bulletin 2022-2023 
    
Loyola Marymount University Bulletin 2022-2023 [ARCHIVED CATALOG]

ACCT 4160 Auditing


4 semester hours

This course covers the Audit Profession, including the responsibilities of the auditor and the role of the regulatory bodies in maintaining the accountability of the accounting profession.  It places heavy emphasis on the financial statement audit, the audit of an entity’s internal controls over financial reporting, the identification of financial statement reporting risks and the auditor’s response to those risks using methodologies, tools, and techniques. In addition, the course covers important and/or required auditor activities and communications in connection with an audit of an entity’s financial statement, including the content of the various audit report options. 

Prerequisites: ACCT 3120 ACCT 3140 , and ECON 2300  or ECON 2350  or MATH 104 , with a minimum grade of C (2.0).