ACCT 5645

Students will study auditing principles and internal control. They will explore at length the nature and purpose of audit and assurance engagements and the principles behind these engagements. Topics covered include planning, methodology, standards, documentation, evidence, materiality, risk, internal controls, audit testing, audit reports, internal audit and current standards. The focus will be on external independent financial statement audits. This course is designed to meet the entry requirements for the Chartered Professional Accountant (CPA) Professional Education Program (PEP).