A comprehensive introduction to the audit environment through the study of generally accepted auditing standards, the Code of Professional Ethics and legal liability. An in-depth coverage of the independent audit function, including risk analysis, planning, the study and evaluation of internal control, audit procedures and audit reports. Prerequisite: Senior status or permission of instructor

Generally Accepted Auditing Standards are studied in this course in relation to the examination of financial statements by an independent auditor. The moral and ethical problems of the auditor are also covered in addition to the planning and implementation of an audit case using computerized spreadsheet software.