AC 431: Auditing I

The purpose of this course is to help students understand the auditing part of the work of the public accountant, and to help each student apply the methods and procedures followed by conducting an audit for a small or medium-sized concern. The procedures for the effective auditing of cash, receivables, inventories, other assets, liabilities, and proprietorship are studied with an above-average degree of care. The procedures to be followed in conducting detailed audit systems are also considered in the course.