Acc3704 — !new!

Typically includes Class Participation (10%), two Group Projects (20% each), and a Final Exam (50%).

Historically, auditors relied heavily on substantive procedures—detailed checking of transactions and balances. However, the sheer volume of transactions in the modern economy renders this approach inefficient. Consequently, the profession has adopted a "Risk-Based Audit" approach. This paper discusses the theoretical framework of this shift, the importance of internal control evaluation, and the challenges posed by the digital era. acc3704