This course introduces the auditing profession, its relation with accounting, and describes the role of the audit profession in society and the need for, and nature of, auditing in the public and private sectors. It also examines auditing concepts and methodology underlying audits of financial statements in terms of current practice and standards. It covers auditing standards, audit evidence, review and testing of internal controls, and types of financial audit reports. It also demonstrates the differences between internal and external auditing.
Course ID: ACCT 402
|Credit hours||Theory||Practical||Laboratory||Lecture||Studio||Contact hours||Pre-requisite||4.50||4||4||ACCT 310|