ACC 427 - Auditing (3)

Prerequisite: ACC 231 with a C- or higher, or permission

This course is a study of the basic concepts underlying an audit of financial statements and how to apply those concepts to an audit. Upon completion of this course, students will be able to:

Demonstrate an understanding of the purpose of an audit and the value an audit provides
Define, identify and describe the three concepts that underlie the audit process
Apply the concepts of materiality, audit risk and evidence to the audit
Describe required audit reports and other assurance services