This course focuses on an auditor's decision-making process. The fundamental concepts of auditing and other assurance services are reviewed, including auditing standards and procedures, professional ethics, audit reports, auditor's legal liability, client acceptance and retention decisions, internal control and risk considerations, and pronouncements of major authoritative bodies. Suggested knowledge prerequisites: One or more of Management Control Systems or Financial Reporting. Prerequisite: Financial Accounting II or currently enrolled in M.S.A program.
