306-465 Studies in Audit and Assurance Services

306-304 Auditing and Assurance Services.

This subject develops students' analytic skills and understanding of the theoretical and empirical literature in auditing. The course covers issues in the market for audit services and related auditor provided non-audit services. Issues examined include: models of audit, issues in audit quality, factors that explain audit competency, auditor independence, audit markets in private and public sectors, production function in audit firms. Critical issues such as the destruction of Andersen and the issues surrounding corporate (and alleged audit) failure (eg. Enron and HIH) are considered.

A 3-hour end-of-semester examination (50%), one assignment (40%) and seminar participation (10%).

Required materials as advised.