ACA230 - Applied External Audit

Subject Title
Applied External Audit

Subject Description
Applied External Audit is an elective course that builds on the technical components from previous auditing courses, focusing on external audit issues. The course assumes that students are familiar with the material related to the first two stages of an audit, acceptance/continuance and audit planning and will focus on the last two stages of execution and reporting.

Credit Status
One Credit


 

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Document a client's business processes, information systems and internal controls for specific accounting cycles;
2. Apply sampling methods for specified procedures;
3. Design well-documented specific audit procedures (both tests of controls and substantive tests) in different audit cycles, such as sales and collections, purchases and payments and others.
4. Demonstrate understanding of the elements of a high-quality audit working paper and the importance of documentation;
5. Analyze audit evidence accumulated from the specified audit procedures to identify potential misstatements and draw appropriate conclusions, considering materiality;
6.  Demonstrate understanding of the CPA Canada Handbook – Assurance requirements with respect to reviews, compilations and special reports;
7. Explain how to gather evidence, and what level, depending on the type of engagement;
8. Differentiate between the reporting requirements for each type of engagement.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecapolytechnic.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecapolytechnic.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Camera Use and Recordings - Synchronous (Live) Classes
Synchronous (live) classes may be delivered in person, in a Flexible Learning space, or online through a Seneca web conferencing platform such as MS Teams or Zoom. Flexible Learning spaces are equipped with cameras, microphones, monitors and speakers that capture and stream instructor and student interactions, providing an in-person experience for students choosing to study online.

Students joining a live class online may be required to have a working camera in order to participate, or for certain activities (e.g. group work, assessments), and high-speed broadband access (e.g. Cable, DSL) is highly recommended. In the event students encounter circumstances that impact their ability to join the platform with their camera on, they should reach out to the professor to discuss. Live classes may be recorded and made available to students to support access to course content and promote student learning and success.

By attending live classes, students are consenting to the collection and use of their personal information for the purposes of administering the class and associated coursework. To learn more about Seneca's privacy practices, visit Privacy Notice.