The essential question to be answered by an audit engagement for a CPA firm is: "Based on the
application of generally accepted auditing standards, are the client's financial statements for the stated periods
fairly presented in all material respects in accordance with generally accepted accounting principles." This
course introduces the student to auditing and other assurance services provided by accountants for their clients.
The course will focus on the auditor's decision-making process in terms of the nature and amount of evidence to be
systematically gathered by the auditor given the nature and circumstances of the engagement and the communication
of results to interested parties. This process is based on application of generally accepted auditing standards
and procedures promulgated by the American Institute of Certified Accountants (AICPA) and, for public companies,
the Public Company Accounting Oversight Board (PCAOB).
Prerequisite Courses