Auditing Financial Statements Part III: Internal Controls and Fraud Controls

Many organizations are audited by independent public accountants.  The purpose of an audit is to express an opinion on the fairness of presentation of financial information prepared by management.  An audit enhances the value of financial information by making it more trustworthy and credible. 

In this multi-part course, we  learn how public accountants plan and execute an audit. This is Part 3 of 4, which covers internal controls and fraud controls, including the COSO framework, testing controls, fraud schemes and more.