Start by taking a single course
At CalSouthern, you have the option of enrolling in a course without committing to a degree program. It’s a fantastic way to get a feel for the CalSouthern online learning experience before enrolling. You can apply the credits you earn to a CalSouthern bachelor’s degree program, or, since CalSouthern is regionally accredited, the credits are readily transferable into a bachelor’s program at another institution, as well.* Or, maybe you simply want to gain college-level knowledge and expertise in a topic area of interest to you.
Choose from any of the undergraduate courses in CalSouthern’s School of Business. A vast selection of subjects are available, on topics as diverse as business communication, marketing, finance, human resources and international business.
Getting started is quick and easy. No entrance exams are required and you don’t have to provide official transcripts. Courses start every month and you’ll never encounter a closed course or waiting list!
*Although credits from regionally accredited institutions like CalSouthern are readily accepted by other universities, acceptance is at the discretion of the receiving institution.
Undergraduate Business Courses
ACT 2467 Auditing
This course is an introduction to generally accepted auditing standards, concepts of internal control, analysis and tracing of financial transactions, and opinions expressed on the fair presentation of financial statements by certified public accountants.Learning Outcomes:
- Contrast the various types of Audits and types of auditors.
- Discuss the auditor’s responsibility for detecting errors, fraud, and illegal acts.
- Describe the nature of ethics and ethical dilemmas.
- Distinguish between CPA's liability under common law and under statutory law.
- List and describe types of audit evidence.
- Identify the factors that auditors consider in accepting new clients.
- Define what is meant by internal control.
- Contrast the characteristics of an information technology-based system with those of a less sophisticated system.
- Explain the effects of changes in various population characteristics and changes in sampling risk on required sample size.
- Identify the auditors' objectives in the audit of financial investments.
- Describe the nature of receivables.
- Obtain an understanding of internal control over inventories and cost of goods sold.
- Asses the risks of material misstatement of property, plant, and equipment.
- Describe the nature of accounts payable and other liabilities.
- Describe the nature of debt.
- Complete an audit program for payroll.
- Describe the standard audit report for nonpublic entity and for public company audits.
- Present the auditors' approach to analyzing internal control when performing an integrated audit.
- Discuss the issuance of letters for underwriters and condensed financial statements.
- Describe the differences among assurance services, attestation services, and audits.
- Identify the standards for the professional practice of internal auditing
- Integrate the course concepts through interaction with other Learners and your Mentor.
- Introduce self and explain course expectations.
- Access information efficiently and effectively.
- Evaluate information critically and competently.
Learners will understand major concepts of...
· Audit technology.
· Audit risk.
· Professional conduct.
· Auditor responsibilities.
· Audit completion.
· Audit sampling.
· Audit tests.
· Audit reports for financial statements.