This course examines the conceptual and analytical foundations of audit practice. It covers the role of the public accountant, the type of services provided, and the importance of good judgment. The course takes students through the process of a financial statement audit. Specific topics include audit objectives, ethics and the code of conduct, audit planning and reporting, internal control, materiality and risk, statistical sampling, analytical review, and audit testing.
Prerequisite - COMM 311
Corequisite - COMM 401
This course is restricted to students enrolled in the 3rd or 4th year of the Commerce Program.