Jul 13, 2024  
OHIO University Undergraduate Catalog 2024-25 
OHIO University Undergraduate Catalog 2024-25
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ACCT 4200 - Assurance Services and Internal Controls

A financial auditing course focused on risk assessment and evidence accumulation as a basis for the independent auditor’s opinion on the fair presentation of the financial statements. Examines internal controls of various business cycles needed to ensure reliable financial reporting.

Requisites: ACCT 3040
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
  • Ability to research contemporary auditing issues to learn about practice issues and problems confronting the profession as well as obtaining answers to questions of interest.
  • Appreciation of the importance of ethics to the value of auditor services and maintenance of public confidence.
  • Critical thinking skills involving risk assessment and materiality judgments with regard to evidence accumulation as a basis for an opinion on financial statements.
  • Development of oral and written communication skills through research papers and presentations.
  • Enhancement of teamwork skills and student learning from peers through group assignments.
  • Familiarization with the Internal Control Framework of the Committee of Sponsoring Organizations (COSO).
  • Practitioner exposure through interaction with invited speakers from public accounting, private industry, and/or state and local government.
  • Understanding of internal controls relating to ensuring reliable financial reporting in various business cycles.

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