Credit 3 Honors/Hybrid This is a capstone course for accounting majors. Financial auditing principles, concepts and practices including professional ethics, statistical sampling techniques, and audit liability are covered. Work paper preparation and audit reports are an important part of the course. This capstone course in Accounting is taken during the final semester of study. Prerequisite(s): Senior Standing, ACCT 303, ACCT 400 with grades of “C” or better. The use of audit software is required. A thorough understanding of financial accounting is required.