• Program: Accounting Careers
  • Course: Auditing
  • Course #: ACCT2700
  • Total Credits: 3

Course Description

This is a capstone class that will draw upon different topics covered in the AAS degree. It will familiarize students with the year-end audit process conducted by a CPA audit firm, and with the activities leading up to the publication of the annual report.

Course Evaluation

Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.

Disability Services

Hennepin Technical College offers reasonable accommodations to qualified students with disabilities. If you have a documented disability that may require accommodations, contact the college’s Disability Services Director: Sara Laviolette at Brooklyn Park (763-488-2477) or Jean Kreutter at Eden Prairie (952-995-1544).

Course Goals

The following goals will be addressed in the course:
Describe the purpose of an audit
List the activities in audit preparation
List the typical activities of a CPA during the audit process
Describe the difference between an internal and external auditor
Describe the effect of Sarbanes-Oxley upon publicly traded corporations
Explain the procedures conducted to test internal controls
Describe how the annual report embodies the qualitative characteristics of financial accounting
Analyze the majors sections of the annual report
Identify the required parts of the Auditor's Report
List the required information in the Notes section of the annual report
Contrast the ethical dilemmas between stewardship and ethical responsibilities of corporate management.
Identify the different goals of the Security & Exchange Commission, Assoc. of Independent CPA's, corporate management, financial market analyst, and private investors
Explain the effect of international accounting standards upon future U. S. Corporate reporting

Credit Details
  • Lecture: 3
  • MnTC Goal: 0
Course Details
  • Prerequisites:  ACCT1107
  • Campus: Brooklyn Park/Eden Prairie

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