Professional Documents
Culture Documents
School of Business
Department of Accounting Information Systems
Spring 2015/2016
Course Description
The purpose of this course is to provide strong understanding of the basic concepts that
underlie the audit process and how to apply those concepts. It introduces auditing,
attestation and assurance services and helps the student understand the overall audit
process.
Course Outcomes
At the end of this course, students will be able to:
1. Understand the role of an auditor and the purpose of the audit
2. Describe the overall audit process, including the steps necessary to perform a complete
audit
3. Understand the purpose and importance of internal controls in a business environment
4. Perform basic auditing procedures and draw conclusions from the testing performed
5. Analyze and evaluate conclusions reached in order to form an audit opinion
6. Understand the basic ethical and legal responsibilities of auditors
Topics Covered
1. Basic audit concepts
2. Audit reports
3. Audit planning
4. Risk assessment
5. Audit evidence and documentation
Prerequisites
BACC 410.
Co-requisites
N/A
Course Schedule
Week
Textbook/Reference
Auditing and Assurance
Services: A Systematic
Approach
Topic
Chapter One: An Introduction to Assurance and
Financial Statement Auditing
(Page 1- Page 32)
Chapter One: An Introduction to Assurance and
Financial Statement Auditing
(Page 1- Page 32)
Chapter Two: The Financial Statement Auditing
Environment
(Page 34- Page 64)
Week
Textbook/Reference
Auditing and Assurance
Services: A Systematic
Approach
Topic
Chapter Two: The Financial Statement Auditing
Environment
(Page 34- Page 64)
Project Explanation
Week
10
Textbook/Reference
Topic
11
12
13
14
Method of Instruction
A mix of passive and active techniques will be adopted, primarily:
1.
Instructor Lecture
2.
Class Discussion.
3.
Problem Based Learning or Case Study Analysis
Attendance Policy
1.
2.
3.
Course Assessment
This course will be assessed by two main instruments:
1. Online student evaluation construct of 15 questions with Likert scale (5 answers)
2. Class visitation
These instruments will be reviewed by the department each term. In addition, the School
of Business Council will review the recommendation of the department at the end of each
academic year.
Marking Profile
Evaluation
CAPA
Midterm
Project
Final
Date
Time
Room
4/25/2016
75 minutes
Auditorium
TBA
2 hours
Weight
20%
30%
20%
30%
Chapters Covered
According to Structure
According to Structure
According to Structure
Homework
Homework should be clearly presented i.e.:
1. It should be written on A4 paper.
2. It should include a title page (Course Name, Semester, Date, Name).
3. Your instructor will ask you to submit your homework online or as a hard copy.
In the latter case, it should be stapled together.
Notes
1. Photocopied books are not allowed in classroom.
2. Deadline for volunteer withdrawal is on Wednesday, June 01, 2016
3. Exam dates are subject to change.
Assignments
Assignment Week
Chapter
1 One
2 Two
3 Eighteen
4 Three
5 Four
6 Five
7 Six
8 Eight
Assignment Details
Multiple Choice Questions
Problem 1-26, 1-27
Multiple Choice Questions
Multiple Choice Questions
Multiple Choice Questions
Problem 3-23, 3-24, 3-27
Multiple Choice Questions
Problem 4-22, 4-23, 4-26
Multiple Choice Questions
Problem 5-31, 5-32, 5-34, 5-36
Multiple Choice Questions
Problems 6-25, 6-27
Multiple Choice Questions