Audit and Assurance 1

Course Code: ACCP 5200

Academic Year: 2022-2023

Students will be introduced to auditing and other assurance services including a sound conceptual and practical understanding of auditing. The primary emphasis of the course is on the auditor's decision-making process and the nature of audit evidence collected to provide an opinion on organization's financial statements, in addition to purpose, scope and concepts of external auditing. Students will also learn about audit planning, professional standards, rules of conduct, ethical considerations, legal liability, audit and review objectives, the audit risk model, evaluating internal controls, assessing materiality and audit reports. Students will address legal and ethical requirements of the public accounting field and how to apply these requirements to practical audit situations.