ACCT5121W

This introductory course covers the importance of the audit process and how to plan an audit and conduct auditing procedures. The auditor's objective is to obtain reasonable assurance whether the financial statements, as a whole, are free from material misstatements (due to fraud or error) and present fairly, in all material respects and in accordance with generally accepted auditing standards (GAAS), the financial position of the entity. The course helps students identify audit risks related to the financial statements, perform audit tests, and interpret audit results.

prereq: ACCT 5101

002989