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: 1) Demonstrate an understanding of the purpose of an audit and the value an audit provides; 2) Define, identify and describe the three concepts that underlie the audit process;3) Apply the concepts of materiality, audit risk and evidence to the audit; 4) Describe required audit reports and other assurance services.