Course Description

Our focus will be to explore the nature of auditing (what audits are supposed to accomplish), the environment in which auditing is practiced (public and private), auditor limitations (human and methodological) and suggestions for further exploration. Our methods of inquiry will include outside readings drawn from the web and published resources, written analysis and discussion, and research.

Prerequisites

An understanding of auditing and our modern capitalistic system

Course Objectives

By the end of this course, you should know and understand:

• The nature of auditing—goals and objectives
• The environment in which auditing is practiced—small and large entities
• Rules shaping auditor goals
• Auditor limitations—cognitive and emotional
• Auditor limitations—analytical tools
• Auditor failures—history of problems
• Problems that require solutions