This course covers the overall responsibilities of the independent auditor when conducting an audit of financial statements in accordance with U.S. GAAS. It covers conceptual principles that shape the overall objectives of an audit, and broad, overarching requirements that govern an audit’s conduct. It addresses the overall responsibilities of the independent auditor when conducting an audit of financial statements in accordance with U.S. GAAS; sets forth the auditor’s overall objectives; and explains the nature and scope of an audit designed to meet the auditor’s overall objectives, and the scope, authority, and structure of GAAS. It also includes requirements that establish the auditor’s general responsibilities applicable to all audits. Upon completing this course, you should be able to: Recognize the overall objectives of the auditor in conducting an audit in accordance with generally accepted auditing standards. Identify the auditor’s responsibilities in conducting an audit and differentiate them from management’s responsibilities. Recognize the difference between unconditional and presumptively mandatory requirements in generally accepted auditing standards.