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auditing's Introduction

#Principles of Auditing & Assetation

I'm taking an online auditing class through UC Berekley extension (cause I'm an accountant.)

Because GitHub, I'm using issues & milestones to track my progess.

To take the nerd level up even more, I'm taking my notes in HTML and sharing them here.

screen shot 2014-01-06 at 9 43 15 pm

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Module 1

  • Read Module 1 Commentary
  • 1.1: Introduction and Professional Standards
  • 1.2: The AICPA's "Clarity Project" and the Global Setting of Auditing Standards
  • Read Textbook Chapters 1 and 2
  • Review PowerPoint presentations for Chapters 1 and 2
  • Complete Module 1 Assigned Questions at the Connect website

Module 6

  • Read Module 6 Commentary
  • 6.1: Designing an Audit Procedure
  • 6.2: Cash Is Important in an Audit
  • 6.3: Credit Sales
  • 6.4: Accounts Receivable
  • 6.5: Transactions Cycles -- An Important Interrelationship
  • Read Textbook Chapters 10 and 11
  • Review PowerPoint presentations for Chapters 10 and 11
  • Complete Module 6 Assigned Questions at the Connect website

Module 3

  • Read Textbook Chapters 5
  • Read Textbook Chapters 6
  • Read Module 3 Commentary
  • Review PowerPoint presentations for Chapters 5
  • Review PowerPoint presentations for Chapters 6
  • Complete Module 3 Assigned Questions at the Connect website

Module 9

  • Read Module 9 Commentary
  • 9.1 Auditing Operations -- Last Steps
  • 9.2 Materiality Judgments and Analytical Procedures
  • 9.3 Other Audit Procedures at Audit Completion
  • 9.4 Audit Reporting
  • 9.5 Recent Developments Impacting the Audi Report for Public and Non-public Client Audits
  • Read Textbook Chapters 16 and 17
  • Review PowerPoint presentations for Chapters 16 and 17
  • Complete Module 9 Assigned Questions at the Connect website

Proctored Final Exam

Final Exam Study Tip:

Start preparing during the first assignment. Continuously test yourself as you study. Learn what you don't know, and remediate.

Good life advice also.

Module 8

  • Read Module 8 Commentary
  • 8.1: From Existence to Completeness: A Change in Relative Risk
  • 8.2: Accounts Payable and the Search for Unrecorded Liabilities
  • 8.3: Creditors and Owners -- Debt and Equity
  • Read Textbook Chapters 14 and 15
  • Review PowerPoint presentations for Chapters 14 and 15
  • Complete Module 8 Assigned Questions at the Connect website
  • Complete Quiz 3 at the Connect website

Module 7

  • Read Module 7 Commentary
  • 7.1: Another Generally Accepted Auditing Procedure
  • 7.2: Auditing Inventory Valuation
  • 7.3: Auditing Property, Plant, and Equipment
  • Read Textbook Chapters 12 and 13
  • Review PowerPoint presentations for Chapters 12 and 13
  • Complete Module 7 Assigned Questions at the Connect website

Module 4

  • Read Module 4 Commentary
  • 4.1 Internal Control: A Sharper Focus
  • 4.2 Auditing in an IT Environment: Just the Basics
  • Read Textbook Chapters 7 and 8
  • Review PowerPoint presentations for Chapters 7 and 8
  • Complete Module 4 Assigned Questions at the Connect website

Module 5

  • Read Module 5 Commentary
  • 5.1: Audit Sampling Defined
  • 5.2: Statistical vs. Nonstatistical Sampling in Auditing
  • 5.3: Sampling for Tests of Controls vs. Sampling for Substantive Tests
  • 5.4: Evaluating the Sample Results
  • Read Textbook Chapter 9
  • Review PowerPoint presentation for Chapter 9
  • Complete Module 5 Assigned Questions at the Connect website
  • Complete Quiz 2 at the Connect website

Module 2

  • Read Module 2 Commentary
  • 2.1: Ethics
  • 2.2: Liable!
  • Read Textbook Chapters 3 and 4
  • Review PowerPoint presentations for Chapters 3 and 4
  • Complete Module 2 Assigned Questions at the Connect website
  • Complete Quiz 1 at the Connect website

Module 11

  • Read Module 11 Commentary
  • 11.1: Assurance on (Much) Other Information
  • 11.2: Auditing Assertions Other Than Those in Financial Statements
  • Read Textbook Chapters 20 and 21
  • Review PowerPoint presentations for Chapters 20 and 21
  • Complete Module 11 Assigned Questions at the Connect website

Module 10

  • Read Module 10 Commentary
  • 10.1 Integrated Audits: Auditing Internal Control over Financial Reporting
  • 10.2 Other Assurance Services for Public and Nonpublic Clients
  • Read Textbook Chapters 18 and 19
  • Review PowerPoint presentations for Chapters 18 and 19
  • Complete Module 10 Assigned Questions at the Connect website
  • Complete Quiz 4 at the Connect website

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