External Auditing II

This course continues coverage of external auditing issues focusing on those relevant to audit leads, managers, and partners. Topics include professional standards and ethics; legal liability; fraud; engagement planning; materiality and risk; audit sampling; evaluation and communication of findings. More advance reporting issues will be covered and including reporting for non-standard engagements including not-for-profit organizations, small businesses, and unaudited financial statements. Special risk areas will be considered such as going concern evaluations, capitalizations and deferrals, fair value, estimates, revenue recognition, and other high-risk areas.

Note: Check with the institution regarding start/ end dates, prices, and delivery method. These may vary according to program, section, and/or semester.