Prerequisite: AC 301 with a grade of C or better.
This course will examine auditing and assurance from economic, informational, and regulatory perspectives. The primary objective of the course is to introduce and develop a broad theoretical understanding of fundamental auditing concepts (including such concepts as assertions, audit risks, materiality, risk assessment, client acceptance, planning, internal control, evidence, reporting, audit quality, etc.). The code of professional conduct, the responsibility of the auditor and preparation of the auditor's report will also be explored.
3 Credit Hours