Question

Analyze at least three concepts that you found eye opening that you were not aware of before taking this course.

Discuss your career goals and how taking this course shaped your decision to pursue a career in the auditing profession.

Answer 1

The three outstanding concepts that I got from this course comprise

Business entity concept- This is whereby the business associated bodies are classified distinctly from the individual bodies even in conditions whereby the business is functioning under sole proprietorship, the business and the owner are stared as one unit. So throughout auditing the bodies are considered separately.

Audit cycle- This method starts the groundwork of financial statements as it accounts the business transactions. This method is important since it documents business transaction therefore enabling the groundwork of financial information for the business.

Social Accounting and Audit- This theory supports one to deliver a certain report on the enactment of the company, plan for future developments of the company and also interpret for the outcomes that have developed due to the performance of the company. Social accounting and audit empowers an individual to recognize the consequence of the business to the public and the business assets.

Discuss your career goals and how taking this course shaped your decision to pursue a career in the auditing profession.

Founded on my dreams and drives in becoming an auditor, this course has significantly influenced the essential basic ideas and doctrines that I can apply in future and create excellent yield in the audit firm that I will give service for. The course has made me absorb the financial reporting fundamentals and ideologies that I can efficiently apply as a budding auditor and in future. Finally I am determined to apply and work all the ideas that have learned in my future audit career.