SYLLABUS FOR AUDITING
Term: Summer, 2000 (993) May 1 August 5, 2000
Course Number: ACC 470X
Instructor: Mr. Kenneth Taylor
Office: Room # 521
Office Phone:
E-mail: kentcpa@surfnetinc.com
Home Phone: (219) 865-1516 after 6pm
Office Hours: Tuesday 6:00pm 7:00pm and 10:00pm 10:30pm
Course Time: Tuesday 7:00 p.m. 10:00 p.m.
Course Description:
This course is a study of the standards, principles, practices and procedures of auditing. Students are required to integrate and apply prior accounting coursework.
Prerequisites:
ACC 210, 211, 300, 301
Textbooks: Auditing: An Integrated Approach, eighth edition, Arens/Loebbecke
Handout Materials
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 this handbook that addresses student grievances.
Calumet College of St. Joseph adheres to citation guidelines as written in the Publication Manual of the American Psychological Association, Fourth Edition. A copy is available from the Calumet College of St. Joseph bookstore. This text outlines 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. Note: Degree Completion Division (DCD) students should consult the DCD Student Handbook for information on DCD withdrawals.
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).
Class Policy on Attendance: Attendance at all class sessions is important. Advance notice should be given of any anticipated absence. Your absence from six class sessions will reduce your grade one level.
Class Policy For Assignments: All problems must be turned in at the end of the class period for which they are assigned. Late class assignments will not be accepted without approval prior to the due date. Excessive missed assignments could reduce grade one level.
Course Objectives:
Students in this course will develop the analytical capability for understanding the application of auditing procedures and systems.
Assessment:
Mid Term Exam 35 % of grade
Final Exam 35 % of grade
9 Short Quizzes 15 % of grade
Homework 10 % of grade
Class participation/collaboration/attendance 5 % of grade
Grading Scale:
A: 93 A-: 90 B+: 88 B: 83 B-: 80 C+: 78
C: 73 C-: 70 D+: 69 D: 67 D-: 65 F: Below 65
Class Assignments
Class Date Topic-Assignment
May 2 Introduction to Course Outline. General discussion of auditing.
Chapter 1 The Demand For Audit And
Assurance Services
Chapter 2 The CPA Profession
Homework Ch 1 Review Questions 1 - 11
Multiple Choice 12, 13
Homework Ch 2 Review Questions 1 - 12
Multiple Choice 13 14
May 9 Read Chapter 3 Audit Reports
Read Chapter 4 Professional Ethics
Homework Ch 3 Review Questions 2, 4, 6, 8, 10, 12, 14, 16, 18, 20
Multiple Choice 21, 22
Homework Ch 4 Review Questions 1 17
Multiple Choice 18, 19
QUIZ Ch 1 & 2
May 16 Read Chapter 5 Legal Liability
Homework Ch 5 Review Questions 1 - 15
Multiple Choice 16, 17
QUIZ Chs 3 & 4
May 23 Read Chapter 6 Audit Responsibilities and Objectives
Homework Ch 6 Review Questions 1 - 17
Multiple Choice 18, 20
QUIZ Ch 5
May 30 Read Chapter 7 Audit Evidence
Homework Ch 7 Review Questions 1, 3, 5, 7, 9, 11, 13, 15, 17, 19
Multiple Choice 20, 21
QUIZ Ch 6
June 6 Read Chapter 8 Audit Planning and Documentation
Homework Ch 8 Review Questions 1, 3, 5, 7, 9, 11, 13, 15, 17, 19, 21
Multiple Choice 22 - 25
QUIZ Ch 7
June 13 MID TERM EXAM Covers Chs 1 through 8
June 20 Read Chapter 9 Materiality and Risk
Read Chapter 10 Internal Control and Control Risk
Homework Ch 9 Review Questions 2, 4, 6, 8, 10, 12, 14, 16, 18, 20
Multiple Choice 22 24
Homework Ch 10 Review Questions 1, 3, 5, 7, 9, 11, 13, 15, 17, 19
Multiple Choice 20 - 22
June 27 Read Chapter 11 The Impact of Information Technology on the Audit Process
Homework Ch 11 Review Questions 1 - 15
Multiple Choice 16, 17
QUIZ Ch 9 & 10
July 4 HOLIDAY No Class
July 11 Read Chapter 12 Overall Audit Plan and Audit Program
Homework Ch 12 Review Questions 2, 4, 6, 8, 10, 12, 14, 16, 18, 20
Multiple Choice 21 - 23
QUIZ Ch 11
July 18 Read Chapter 13 Audit of the Sales and Collection Cycle
Read Chapter 14 Audit Sampling for Tests of Controls and Substantive Tests of Transactions
Homework Ch 13 Review Questions 1, 3, 5, 7, 9, 11, 13, 15, 17, 19
Multiple Choice 20 22
Homework Ch 14 Review Questions 2, 4, 6, 8, 10, 12, 14, 16, 18, 20
Multiple Choice 22 - 24
QUIZ Ch 12
July 25 Read Chapter 23 Completing the Audit
Homework Ch 23 Review Questions 1 - 17
Multiple Choice 18 - 20
QUIZ Ch 13 & 14
August 1 FINAL EXAM Covers Chs 9 through 14 and 23