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Product Description
Auditing is a valuable skill in accounting and business , as the odds are very high that you or your organization will be subject to a compliance , federal , IRS , internal , government , or revenue audit at one point in your career . Accountants are required to make professional judgments on both the financial accounting issues and internal accounting forecasts within their organization . The auditor must provide fair , unbiased , materially correct information for investors , employers , employees , and independent stakeholders . This course will help you navigate the relevant processes to provide that unbiased , accurate information .
The purpose of the assessment is to familiarize you with the process of auditing and what to do with the auditing information once you have it . You will explore how to plan audit work , analyze financial statements , perform tests on that information , and properly and professionally communicate the results of an audit .
For this assessment , you should assume you are on the internal audit staff of a publicly traded company . Choose one of the following companies : Walmart , Target , Sears , Kroger , or Amazon . You will be required to obtain the last two years ’ worth of financial statements and a recent audit report . The internal audit group at the company is tasked with preparing for an upcoming revenue audit and analyzing the business risk internally to mitigate audit findings . You will conduct an internal audit of the company using the information gathered and create a report . Then , you will prepare appropriate memos analyzing the audit report you have prepared , while offering feedback and recommendations