Examines the principles and practices of external auditing. Topics include role of the auditor, organization of the audit profession, and the audit environment; generally accepted auditing standards, assurance services, auditor's independence, professional ethics, fraud auditing, forensic accounting techniques, auditor's responsibilities, and legal liability; illustration of audit applications based on discussion of the theory of auditing combined with practical examples of auditing techniques and assurance procedures; discussion and analysis in light of auditor's reporting standards, audit process and case studies and readings.

Pre-requisites: ACCT508