The objective of the ordinary audit of financial statements by the independent auditor is the expression of an opinion on the fairness with which they present, in all material respects, financial position, results of operations, and its cash flows in conformity with generally accepted accounting principles. The auditor's report is the medium through which he expresses his or her opinion or, if circumstances require, disclaims an opinion. This course discusses the planning and audit/risk assessment stage of a public company audit. This course is most beneficial to professionals new to PCAOB audits who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this subject.