Particular attention is devoted to ethics of the public accounting profession, internal control, and development of audit programs. The effects of a computerized environment on the standards, methods and procedures of auditing will be examined. In addition, auditing techniques that involve auditing through and around the computer will be examined. Particular attention will be given to internal controls, flow charting, and the legal interpretations of computer-produced evidential matter. The study of basic federal tax rules in the Internal Revenue Code.
Emphasis is on taxation of an individual.
The method of presentation involves the study of the development of the law, the current law, and proposed changes. A continuation of ACC 84 with the addition of corporate and partnership taxation rules and regulations. A detailed case study is used. Included is the study of the relation of accounting theory to the logic of other areas of business administration. Individual and group research is undertaken.