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Product Description
The final project for this course is the creation of an audit report with memos .
Auditing is a valuable skill in accounting and business , as the odds are very high that you or your organization will be subject to a compliance , federal , IRS , internal , government , or revenue audit at one point in your career . Accountants are required to make professional judgments on both the financial accounting issues and internal accounting forecasts within their organization . The auditor must provide fair , unbiased , materially correct information for investors , employers , employees , and independent stakeholders . This course will help you navigate the relevant processes to provide that unbiased , accurate information .
The purpose of the assessment is to familiarize you with the process of auditing and what to do with the auditing information once you have it . You will explore how to plan audit work , analyze financial statements , perform tests on that information , and properly and professionally communicate the results of an audit .
The project is divided into three milestones , which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions . These milestones will be submitted in Modules Three , Five , and Seven . The final submission will be due in Module Nine
In this assignment , you will demonstrate your mastery of the following course outcomes : Determine risk factors for organizations based on analysis of audit risk , audit evidence , and financial statement assertions Develop strategies to mitigate potential risk factors using organizational internal controls Create an audit program to achieve audit objectives related