From the course: Audit and Due Diligence Foundations

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From the course: Audit and Due Diligence Foundations

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- Thank you for taking my course on audit and due diligence. After taking this course, you should understand what happens in an audit and the difference between an internal audit, a review, a compilation, and an independent audit, as well as some of the special requirements for publicly traded companies. It should also be clear why testing, sampling, internal controls, and independence are critical for an independent audit. You should also know the difference between the four kinds of audit opinions, including the best case opinion which is an unqualified opinion. I hope now that you're also aware that there are different people who support audits and that this presents you with potentially valuable professional opportunities since you don't need to be a CPA to support an audit. Of course, when doing an independent audit, a CPA is always in charge, so the best thing you can do is to rely on the experienced person…

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