This course examines the role of the internal and external auditor in business and explores the legal and ethical environment of auditing. Emphasis is placed on methods and procedures used in audting and reporting as they relate to specific financial statement areas such as assets; liabilities; equities; revenues; and expenses. Other topics covered include internal control; risk and materiality; the audit of fraud; and auditing in a computer environment. Prerequisite: ACCT 210 or consent of the Donald School of Business.