ACC 550 - Advanced Auditing and Attestation

• Evaluate the evolving role of the auditor in a global, regulatory, and ethical context, with a focus on accountability and public interest.
• Develop an audit plan that includes risk assessment, control evaluation, and audit strategy for complex entities, including public companies.
• Design audit testing procedures and sampling strategies tailored to high-risk financial statement areas.
• Analyze ethical dilemmas in audit practice using professional standards and apply ethical reasoning to recommend appropriate courses of action.
• Integrate audit evidence from various sources to support professional judgments and the formation of audit conclusions.
• Formulate a complete audit engagement strategy, including final review, communication with stakeholders, and issuance of the audit report.
• Compare the scope and objectives of financial statement audits, integrated audits, and other assurance services, and assess their value in decision-making contexts.