Auditing Minor

Companies are increasing the quality and efficiency of their audits and consulting engagements by employing technology. This has led to an increased need for a combination of auditing and technology skills for students interested in employment opportunities with corporations and consulting firms. By working jointly with the Fisher School of Accounting, the Department of Information Systems and Operations Management has obtained approval for a minor in Auditing which is only available to MS-ISOM students. To obtain this minor, an MS-ISOM student is required to supplement the MS-ISOM course work with the following course work focused on Auditing.

Specific courses, and total credits, required may vary depending on a student’s accounting background. For example, students who have completed the BSAc at UF will require fewer credits.

Due to the compact nature of the MS-ISOM Business Analytics track, students in this track are not able to complete the Auditing minor without extending the length of the program.

Students interested in the Auditing Minor must call or stop by the Fisher School of Accounting to schedule an appointment with the Director of Degree Programs to complete an application. Note that because some courses are only offered once per year, planning ahead is critical to being able to complete the minor before graduating with the MS-ISOM degree.

Required Courses (8 credits):

• ACG 5005 Financial Accounting (2 credits)
  Introduction for prospective managers. Primary emphasis on financial reporting and analysis.
  Prereq: MS-ISOM Student
  Availability: Fall, Module 1 and Spring, Module 3
• ACG 5075 Managerial Accounting (2 credits)
  Introduction for prospective managers. Primary emphasis on management control systems.
  Prereq: MS-ISOM student, and ACG 5005 with a C or better
  Availability: Fall, Module 2 and Spring, Module 4
• ACG 5637 Auditing 1 (2 credits)
  Concepts and theory underlying the audit of third party assertions. Coverage includes the audit environment, risk assessment, evidential search and evaluation, internal controls, audit programs and audit reporting.
  Prereq: MS-ISOM student pursuing the Auditing minor, ACG 5075 with a C or better
  Availability: Fall, Module 1 and Spring, Module 3
• ACG 5647 Auditing 2 (2 credits)
  Second of a two-course sequence. Applies the concepts and theory of auditing to gain assurance about key business processes and financial statement assertions. Coverage includes: audit sampling, revenue process, acquisition process, human resource management process, inventory management, resource management processes; completion activities, audit reports and subsequent events.
  Prereq: MS-ISOM student pursuing the Auditing minor, ACG 5647 with a C or better
  Availability: Fall, Module 2 and Spring, Module 4

Required Modules – Select Two (for a total of 4 credits):

• ACG 6635 Issues in Audit Practice (2 credits)
  This course provides in-depth discussion of the fundamental concepts underlying audit practice, including introduction to current topics in auditing, advanced audit methods and trends in auditing practice.
  Prereq: MS-ISOM student pursuing the Auditing minor, ACG 5647 with a C or better
  Availability: Fall or Spring. Semester varies, but only taught once per academic year
• ACG 6685 Forensic Accounting (2 credits)
  Analysis of contemporary forensic and investigative accounting. Topics include: fraud auditing, litigation support, valuation, cybercrime, and other key forensic topics.
  Prereq: MS-ISOM student pursuing the Auditing minor, ACG 5647 with a C or better
  Availability: Fall or Spring. Semester varies, but only taught once per academic year
• ACG 6697 Information Systems Assurance (2 credits)
  This course introduces the concepts of risk, control and assurance in environments with advanced information technology. The course also covers technology based audit tools and techniques.
  Prereq: MS-ISOM student pursuing the Auditing minor, ACG 5647 with a C or better
  Availability: Fall or Spring. Semester varies, but only taught once per academic year

Total Credits: 12