ACT 401 - Auditing

3 credits
Prerequisites: A grade of C or better in ACT 311; at least junior standing; for business majors only
A study of the audit function as performed by the outside public accounting firm. All stages are covered: planning the audit, gathering evidence, review of internal control provisions, development of working papers, analysis of accounts, preparation of statements, and final audit report. The ethics of the accounting profession are stressed throughout the course.