Transfers ToCSUDescriptionThis intermediate-level course presents the role and responsibility of Certified Public Accountants (CPA) in the audit of publicly traded and private companies. Emphasis is placed on verification of financial statements and internal control of accounting systems and cycles for publicly traded companies in the United States. Coverage focuses on the legal and ethical responsibilities of auditors as mandated by the Securities Acts of 1933 and 1934 and the Sarbanes Oxley Act of 2002. Topics include auditing standards, professional ethics, legal liability, responsibilities regarding fraud, internal control, audit plans, sampling techniques, auditing of the revenue cycle, auditing of cash and marketable securities, auditing of inventory and the acquisition/payment cycle, auditing of long-lived assets, auditing of debt obligations and stockholders' equity, audit reports, and other complex audit judgment issues. 