Students will also solve several case studies requiring them to design audit procedures for revenue, receivables, payables, inventory, and other accounts. The third section of the course focuses on current controversies and challenges facing the accounting profession. Topics include financial statement fraud, auditor independence, auditors' legal liability, the competitive environment, criticisms of auditors, and the future of the public accounting profession. The readings for this course are selected from business periodicals, SEC enforcement releases, and professional accounting journals. The readings for each day are listed below .
Preparation is the key to success.
All students are expected to study the daily reading assignments and come to class prepared to discuss each day's assigned readings. The reading booklet contains discussion questions for each day's readings. Before beginning each reading assignment, scan the discussion questions to see what information I want you to glean from each article. You probably want to make notes to yourself when you find the answer to each discussion question. After completing each day's reading assignment, you must complete the reading quiz for that day.