AC 405 - Auditing

4.00 credits.

A study of auditing theory and standards, professional ethics and auditor’s legal liability, with in-depth analysis of the audit process, including risk assessment, the theory and auditing of internal control systems, audit evidence, working papers, quality control, statistical sampling, implications of computer-based systems to the audit process, and the preparation of audit reports. *Prerequisite(s): AC 310 or permission of instructor.