SYLLABUS FOR
PRINCIPLES OF AUDITING
Term: Spring, 2002-2003
(022) January 6 - April 16, 2003
Course Number: ACC
470
Instructor: Mr. George Grzesiowski
Assistant professor, Accounting & Management
Office Phone: 219 473-4283
E-mail: ggrzesiowski@ccsj.edu
Home Phone: (219) 362-1696
Home
E-mail: grzz@csinet.net
|
Day |
Times |
|
Monday |
10:30AM
– 4:30 PM |
|
Tuesday |
10:30
AM – 11:00 AM 3:30PM
– 7:00PM |
|
Wednesday |
By
appointment |
|
Thursday |
10:30AM
– 4:00PM |
|
Friday |
10:30
AM – 11:00AM 3:30PM
– 6:30PM |
Course Time: Directed Study, Mondays 1:50 – 2:50
This course is a study of the standards, principles, practices and procedures of auditing. Students are required to integrate and apply prior accounting coursework.
Learning
Outcomes/Competencies:
Upon
completion of this course the student will be able to:
1.
Describe
assurance services and distinguish audit services from other assurance and
non-assurance services.
2.
Differentiate
the three main types of audits.
3.
Describe the
nature of CPA firms, what they do, and their structure.
4.
Identify
quality control standards and practices within the accounting profession.
5.
Describe the
parts of the standard unqualified audit report.
6.
Describe
the five circumstances when an unqualified report with an explanatory
paragraph or modified wording is appropriate.
7.
Resolve ethical
dilemmas using an ethical framework.
8.
Apply
the AICPA code rules and interpretations on independence and explain their
importance.
9.
Describe
accountants’ liability to clients and related defenses.
10.
Specify what
constitutes criminal liability for accountants.
11.
Explain the
objective of conducting an audit of financial statements.
12.
Explain
the relationship between audit objectives & the accumulation of audit
evidence.
13.
Identify the
four audit evidence decisions that are needed to create an audit program.
14.
Preplan an
audit.
15.
Apply the
concept of materiality to the audit.
16.
Define risk in
auditing.
17.
Explain the
five components of internal control.
18.
Select the
appropriate types of audit tests.
19.
Integrate the audit evidence gathered and evaluate the overall audit
results.
Textbooks: Auditing: and Assurance
Services An Integrated Approach, ninth edition, Arens, Elder & Loebbecke,
Prentice Hall, 2003
Since
your learning is my primary concern, it is imperative that anything preventing
you from learning be discussed. Please
feel free to make an appointment with me or call me so that I can help you keep
on track.
Class Policy on Attendance:
Directed
Study
Class Policy For
Assignments:
Assignments must
be typed and professionally presented.
Assessment:
Chapter
Review Questions 30% of
grade
Chapter
Multiple Choice 30% of grade
The
Lakeside Company 40%
of grade
100%
Grading Scale:
A:
92-100 A-: 90-91 B+: 88-89
B: 82-87 B-: 80-81
C+: 78-79
C:
72-77 C-: 70-71 D+:
68-69 D: 62-67 D-:
60-61 F: 59 & below
Center
for Academic Excellence:
Tutoring
assistance is free to all students of Calumet College of St. Joseph. Call the
Center for Academic Excellence (CAE), to make an appointment at 473-4287. The
Center has experienced and well-trained tutors in most subject areas to help
students who are struggling in a course or who are doing well and would like to
do better. Regular weekly tutoring sessions are likely to improve your grade.
Statement
of Plagiarism:
If an instructor or other Calumet College of St.
Joseph personnel find that a student has plagiarized or been involved in
another form of academic dishonesty, the instructor or other personnel may
elect to bring the matter up for judicial review. The maximum penalty for any
form of academic dishonesty is dismissal from the College. The procedures for
judicial review are listed under the section of CCSJ handbook that addresses
student grievances. (Academic Planner 2001/2002 p.27)
Citation
Guidelines:
Calumet College
of St. Joseph adheres to citation guidelines as prescribed by the particular
discipline (i.e., MLA, APA, and Chicago Manual of Style or Turabian.). All of these guidelines are available in the
Calumet College of St. Joseph library or bookstore. These texts outline how to cite references from a variety of
sources, including electronic media.
Withdrawal
from Classes Policy:
After the last
day for class changes has passed (see College calendar), students may withdraw
from a course in which they are registered with permission from the faculty
member conducting the course. A written request detailing the reason(s) for the
withdrawal must be filed with the Registrar. Written request for withdrawal must
be received by the Registrar by the last day of classes prior to the final
examination dates specified in the catalogue. Written requests may be mailed to
the Registrar or faxed to the College fax number 219-473-4259. Students are to
make note of the refund schedule when withdrawing from courses. The request is
forwarded to the faculty member, who makes the final determination to accept or
deny the request. If the request is honored, the student will receive
notification of official withdrawal; if denied, the notification will indicate
why the withdrawal is disallowed.
An official
withdrawal is recorded as a "W" grade on the student's transcript.
Dropping a course without written permission automatically incurs an
"F" grade for the course (see Refund Schedule).
Week Class Date Topic-Assignment
1 Chapters
1 & 2
Chapter 1:
Review Questions 1-11
Multiple Choice 12, 13
Chapter 2:
Review questions 1-12
Multiple Choice 13, 14
2 Chapters
3 & 4
Chapter 3: Review questions 2, 4, 6, 8, 10, 12, 14, 16, 18, 20 Multiple Choice 21 & 22
Chapter 4:
Review questions 1-17, Multiple choice 18, 19
3 Chapters
5 & 6