Jason is a senior accounting major at State University who is entering his last semester. He needs one more accounting class to fulfill his requirements and notices an opening in the undergraduate auditing class. As Jason’s father is the chairman of the board for a publicly traded company in the area, Jason’s goal is to graduate and work in the corporation’s financial reporting department. Jason does not think that an auditing class will provide future value for his career objectives.

Required:
(a) Is Jason’s perspective correct concerning the value-added nature of an auditing class?
(b) List the ways can Jason derive value from the class even if he does not plan to enter the audit profession?