Commerce & Business Administration
Course Code
ACCT 4750
Semester Length
15 Weeks
Max Class Size
Method Of Instruction
Typically Offered


Course Description
This course covers concepts and procedures of external auditing. Topics include: reporting, professional standards and ethics, legal liability, audit objectives, evidence and documentation, planning and analysis, materiality and risk, internal control, sampling, and computer auditing including the use of data analytics tools. Attest procedures related to the revenue and collection cycle, acquisition and expenditure cycle, inventory and capital asset balances, production and payroll cycle, investments, long term debt and equity balances, and the finance and investment cycle are studied. Completion of the audit, including evaluation and communication of findings is also covered.
Course Content
  1. Professional standards, ethics and legal liability.
  2. Audit objectives, evidence, procedures and documentation.
  3. Planning, materiality and risk.
  4. Internal control.
  5. Audit sampling.
  6. Computer auditing including the use of data analytics as an audit tool.
  7. Revenue and collection cycle and acquisition and expenditure cycle.
  8. Inventory and capital asset balances, production and payroll cycle, and finance and investment cycle.
  9. Investments, long term debt and shareholders’ equity balances, and completion of the audit.
Methods Of Instruction

Lectures and group discussions.

Means of Assessment
Assignments/projects/cases/tests  30%
Midterm examination  35%
Final examination  35%

Evaluation will be carried out in accordance with the Douglas College Evaluation Policy.


To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.

Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.


Learning Outcomes

At the end of the course, the successful student should be able to:

  1. Discuss the environmental context and issues relating to the attest function;
  2. Plan an audit taking into account concepts of evidence, risk and materiality;
  3. Evaluate internal controls;
  4. Explain sampling techniques and auditing in a computer environment using data analytics where appropriate;
  5. Discuss and perform audit procedures as and when appropriate;
  6. Explain the importance of data integrity and systems reliability in supporting effective decision making.
Textbook Materials

Textbooks and Materials to be Purchased by Students

Robertson & Smieliauskas, Auditing: An International Approach, latest Canadian edition. McGraw-Hill Ryerson, Toronto, or other textbooks as approved by the accounting department.

Instructor compiled materials (if applicable).

Faculty of Commerce and Business Administration approved calculators



ACCT 3880 with a grade of C or better


[ACCT 3310 with a grade of C or better AND ACCT 3410 with a grade of C or better AND (BUSN 2429 with a grade of C or better OR BUSN 3431 with a grade of C or better)

ACCT 3310 with a grade of C or better AND currently active in the PDD Accounting or PDD Accounting Studies or PBD Accounting or PBD Accounting & Finance programs]



No corequisite courses.


Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Capilano University (CAPU) CAPU BFIN 331 (3) 2016/01/01 to -
Kwantlen Polytechnic University (KPU) KPU ACCT 3444 (3) 2007/09/01 to -
Langara College (LANG) LANG FMGT 3263 (3) 2009/01/01 to -
Simon Fraser University (SFU) No credit 2007/09/01 to -
Thompson Rivers University (TRU) TRU BBUS 423 (3) 2007/09/01 to 2010/08/31
Thompson Rivers University (TRU) TRU BBUS 4230 (3) 2010/09/01 to -
Trinity Western University (TWU) TWU BUSI 426 (3) 2007/09/01 to -
University Canada West (UCW) UCW ACCT 305 (3) 2012/05/01 to -
University of the Fraser Valley (UFV) UFV BUS 347 (3) 2007/09/01 to -
University of Victoria (UVIC) UVIC COM 4XX (1.5) 2007/09/01 to -

Course Offerings

Fall 2021

There aren't any scheduled upcoming offerings for this course.