Auditing II: The Practice of Auditing

  • 4.8
Approx. 24 hours to complete

Course Summary

This course is the second part of the Auditing series, focusing on the practical application of auditing principles and techniques. You will learn how to plan, execute, and report on an audit, including assessing risk and designing audit procedures. The course also covers ethics, internal controls, and fraud detection.

Key Learning Points

  • Learn how to plan, execute, and report on an audit
  • Understand how to assess risk and design audit procedures
  • Develop skills in ethics, internal controls, and fraud detection

Related Topics for further study


Learning Outcomes

  • Plan and execute an audit
  • Assess and manage risk
  • Design and implement audit procedures

Prerequisites or good to have knowledge before taking this course

  • Completion of Auditing Part 1
  • Basic knowledge of accounting principles

Course Difficulty Level

Intermediate

Course Format

  • Online
  • Self-paced
  • Video lectures
  • Quizzes
  • Assignments

Similar Courses

  • Accounting Analytics
  • Introduction to Financial Accounting
  • Forensic Accounting and Fraud Examination

Related Education Paths


Related Books

Description

This course provides a continuation of the intensive conceptual and applied introduction to auditing in society begun in Auditing I: Conceptual Foundations of Auditing. It focuses on a conceptual framework that is applied by audit professionals to assess, evaluate, and manage audit risks and evidence.

Outline

  • About the Course
  • Course Overview
  • About Prof Peecher
  • Learn on Your Terms
  • Syllabus
  • Learn More About Auditing as a Career Path
  • About the Discussion Forums
  • Learn More About Flexible Learning Paths
  • Update Your Profile
  • Orientation Quiz
  • Module 1: Strategic Analysis of a Client and Its Business Processes
  • Module 1 Introduction
  • Strategic Systems Auditing (SSA) Part 1
  • Strategic Systems Auditing (SSA) Part 2
  • Strategic Systems Auditing (SSA) Part 3
  • Strategic Systems Auditing (SSA) Part 4
  • Strategic Analysis (SA) and Strategic Business Risks (SBRs) Part 1
  • Strategic Analysis (SA) and Strategic Business Risks (SBRs) Part 2
  • Strategic Analysis (SA) and Strategic Business Risks (SBRs) Part 3
  • Strategic Analysis (SA) and Strategic Business Risks (SBRs) Part 4
  • Business Process Analysis (PA) Part 1
  • Business Process Analysis (PA) Part 2
  • Business Process Analysis (PA) Part 3
  • Strategic Analysis Summary
  • Module 1 Overview and Resources
  • Lesson 1.3 Knowledge Check
  • Module 2: Audit Evidence and Triangulation
  • Module 2 Introduction
  • Audit Evidence & Triangulation
  • WorldCom Example Part 1
  • WorldCom Example Part 2
  • WorldCom Example Part 3
  • WorldCom Example 2 Part 1
  • WorldCom Example 2 Part 2
  • WorldCom Triangulation Example Part 1
  • WorldCom Triangulation Example Part 2
  • WorldCom Triangulation Example Part 3
  • Module 2 Overview and Resources
  • Lesson 2.1 Knowledge Check
  • Lesson 2.2 and 2.3 Knowledge Check
  • Lesson 2.4 Knowledge Check
  • Module 3: Strategic Systems Auditing and Internal Controls
  • Module 3 Introduction
  • Internal Control Evaluation Part 1
  • Internal Control Evaluation Part 2
  • Internal Control Evaluation Part 3
  • Internal Control Deficiencies Part 1
  • Internal Control Deficiencies Part 2
  • Module 3 Overview and Resources
  • Lesson 3.1 Knowledge Check
  • Lesson 3.2 Knowledge Check
  • Module 4: Interpreting Evidence and Significant Business Processes
  • Module 4 Introduction
  • Inventory Part 1
  • Inventory Part 2
  • Inventory Part 3
  • Inventory Part 4
  • Inventory - What Could Go Wrong? Part 1
  • Inventory - What Could Go Wrong? Part 2
  • Module 4 Overview and Resources
  • Lesson 4.1 Knowledge Check
  • Lesson 4.2 Knowledge Check
  • Module 5: Verification of Management Assertions I: Attribute Sampling
  • Module 5 Introduction
  • Attribute Sampling: Major Phases of an Audit Part 1
  • Attribute Sampling: Major Phases of an Audit Part 2
  • Attribute Sampling: Important Factors in Determining Sample Size Part 1
  • Attribute Sampling: Important Factors in Determining Sample Size Part 2
  • Attribute Sampling: Tolerable Error
  • Attribute Sampling: Test of Controls Part 1
  • Attribute Sampling: Test of Controls Part 2
  • Module 5 Overview and Resources
  • Lesson 5.1 Knowledge Check
  • Lesson 5.2 Knowledge Check
  • Lesson 5.3 Knowledge Check
  • Lesson 5.4 Knowledge Check
  • Module 6: Verification of Management Assertions II: Unit Sampling
  • Module 6 Introduction
  • Unit Sampling Part 1
  • Unit Sampling Part 2
  • Unit Sampling Part 3
  • Unit Sampling Example 1
  • Unit Sampling - Sample Selection Part 1
  • Unit Sampling - Sample Selection Part 2
  • Unit Sampling Example 2
  • Module 6 Overview and Resources
  • Lesson 6.1 Knowledge Check
  • Lesson 6.2 Knowledge Check
  • Lesson 6.3 Knowledge Check
  • Lesson 6.4 Knowledge Check
  • Module 7: Fraud Risk Assessment
  • Module 7 Introduction
  • Wise Thinking Part 1
  • Wise Thinking Part 2
  • Wise Thinking Part 3
  • BPS (2018) - Methods
  • BPS (2018) Manipulations I
  • BPS (2018) - Manipulations II
  • Results Part 1
  • Results Part 2
  • Risk Based Auditing & Fraud: Hammersley and Bowlin Studies Part 1
  • Risk Based Auditing & Fraud: Hammersley and Bowlin Studies Part 2
  • Risk Based Auditing & Fraud: HZ Study
  • Module 7 Overview and Resources
  • Lesson 7-1 Knowledge Check
  • Lesson 7-2 Knowledge Check
  • Lesson 7-3 Knowledge Check
  • Lesson 7-4 Knowledge Check
  • Lesson 7-5 Knowledge Check
  • Module 8: Completing the Attest Engagement
  • Module 8 Introduction
  • Completing the Audit
  • Audit Results and Differences Part 1
  • Audit Results and Differences Part 2
  • Communicating Audit Results
  • Gies Online Programs
  • Module 8 Overview and Resources
  • Congratulations
  • Get Your Course Certificate
  • Lesson 8-1 Knowledge Check
  • Lesson 8-2 Knowledge Check
  • Lesson 8-3 Knowledge Check

Summary of User Reviews

Discover the best practices in auditing with this comprehensive course on Coursera. Users rate this course highly for its practical approach to auditing and real-world examples. However, some users find the course content to be too basic or lacking in depth.

Key Aspect Users Liked About This Course

Many users appreciate the practical approach to auditing and real-world examples provided in this course.

Pros from User Reviews

  • Practical approach to auditing
  • Real-world examples
  • Engaging instructors
  • Easy-to-follow content
  • Good value for money

Cons from User Reviews

  • Content can be too basic
  • Lacks depth in some areas
  • Some users find the course too slow-paced
  • Limited interaction with instructors
  • Not suitable for advanced auditors
English
Available now
Approx. 24 hours to complete
Mark E. Peecher, PhD, CPA
University of Illinois at Urbana-Champaign
Coursera

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