10705 Auditing

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; engagement letters for auditing.