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Auditing in Practice

MGT.3125
Closed
University College of the North
University College of the North
The Pas, Manitoba, Canada
Cindy Hiebert-Dixon
Instructor
(1)
2
Timeline
  • February 7, 2022
    Experience start
  • February 8, 2022
    Project Scope Meeting
  • April 12, 2022
    Experience end
Experience
1/1 project matches
Dates set by experience
Preferred companies
Anywhere
Any
Any industries
Categories
Accounting Product or service launch
Skills
auditing business services business strategy data analysis research
Student goals and capabilities

Our auditing students need some hands on experience!! During this course, students are learning about internal control assessment, materiality, audit risks, and evidence as it relates to the auditing process. They will also highlight the requirement for developing audit plan and analytical procedures. In addition, information on the types and content of audit reports, professional judgment, ethics, and the legal obligations of auditors will be covered. The project will get students to draw attention to current issues and developments in auditing and other assurance engagements. Upon completion of the project, you will receive a detailed report and presentation.

Students
Undergraduate
Any level
7 students
Project
10 hours per student
Students self-assign
Teams of 4
Expected outcomes and deliverables

The final project deliverables might include:

  1. A 10-15 minute presentation of key findings and recommendations.
  2. A detailed report including their research, analysis, insights, and recommendations.
Project timeline
  • February 7, 2022
    Experience start
  • February 8, 2022
    Project Scope Meeting
  • April 12, 2022
    Experience end
Project Examples

Students in groups of 3-5 will work with your company to identify your needs and provide actionable recommendations, based on their in-depth research and analysis.

Project activities might include but are not limited to:

  • Documentation of an internal process
  • Preliminary analytic calculations
  • Identification of risks and provide recommendations to mitigate these risks
  • Applying test of internal control to detect risk of material misstatements
  • Review transactions for accuracy

Companies must answer the following questions to submit a match request to this experience:

Be available for a quick phone call with the instructor to initiate your relationship and confirm your scope is an appropriate fit for the course.

Provide relevant information/data as needed for the project.

Provide an opportunity for students to present their work and receive feedback.

Provide a dedicated contact who is available to answer periodic emails or phone calls over the duration of the project to address students' questions.