ACC653 - Accounting: Auditing II

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Last revision date 2018-04-10 12:32:07.041
Last review date 2018-04-10 12:32:25.086

Subject Title
Accounting: Auditing II

Subject Description
This one semester subject provides students with an understanding of internal auditing practices, and philosophies. It includes an overview of internal auditing, the audit process, types of audit applications and auditing standards. Students will learn how to analyse, evaluate and report on controls with an emphasis on how controls can be used to make operations more effective and efficient.

Credit Status
This subject is a required subject credit in the Accounting and Finance Program.

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

1. Describe internal auditing, its development, and its standing as a profession.

2. Contrast various types of controls, discuss systems of control and analyse the characteristics of an acceptable system of control.

3. Describe the techniques used by internal auditors to gather and evaluate information on both control and performance and the criteria used.

4. Understand how risk is assessed and techniques for mitigating risk.

5. Prepare internal audit reports and describe the reporting process.

6. Discuss the administration of the internal auditing department.

7. Discuss the nature of management and describe common control problems which affect the management and evaluation of operational and staff functions.

8. Discuss human relations in auditing and internal auditors' relationships with auditees, external auditors and boards of directors.

9. Discuss and apply the Standards for the Professional Practice of Internal Auditing.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on for further information regarding cheating and plagiarism policies and procedures.

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

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 Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.