Auditing is a vital part of accounting. The goal of an audit is to express an opinion on the financial statements prepared by business organizations, particularly public companies based on evaluation of evidence collected on a test basis. Financial audits are performed to ascertain the validity and reliability of accounting information, as well as to provide an assessment of the effectiveness of internal control systems. This course is designed to expose students to the nature, types and services offered by the accounting firms. Emphasis is placed on internal control and steps in completing an audit. Additional emphasis is placed on techniques and tools from audit reports, professional ethics, legal liability, responsibility, evidence, materiality, and audit sampling.