Credits: 6 intermediate credits in Accounting
Prerequisite: Accounting Principles for Students of Accounting
Author: Herzl Patal
The course provides students with a basic understanding of general auditing principles common to all auditing fields and knowledge of auditing procedures and techniques in auditing financial statements.
Topics: Description of the profession; Auditing standards – performance standards and reporting standards; Internal audits; Auditing procedures (practice) – property verification and liability verification; Special reports and other reports; The accountant’s legal responsibility; Errors and frauds; Professional ethics; Quality control in accounting firms and engagement letters for auditing.