Coursehero >> California >> San Diego State >> ACCTG 670

Course Hero has millions of student submitted documents similar to the one below including study guides, homework solutions, papers, exam answer keys and textbook solutions.

670: ACCTG AUDITING SEMINAR SPRING 2006 Office: SS2420 Phone: 619-594-6347 Office Hours: after class as time permits; virtual office hours Mon & Tues 0800-0900 using email/chat Class Time: 1600-1840 Thursdays SS 2514 COURSE MISSION: To help 670 students make audit judgments in a relatively complex setting. COURSE COMPETENCIES: A well educated accountant will possess BOTH technical knowledge, such as knowledge about auditing, AND other competencies that will enable them to work effectively. The latter include the following nine abilities which are developed in this course: Written Communication 1. Oral Communication 2. 3. Group and People Skills 4. 5. 6. Critical Thinking 7. 8 Working Under Pressure 9. Ability to present views in writing. Ability to present views through oral communication. Ability to listen effectively. Ability to understand group dynamics and work effectively with people. Ability to resolve conflict. Ability to organize and delegate tasks. Ability to solve diverse and unstructured problems. Ability to read, critique, and judge the value of written work. Ability to deal effectively with imposed pressure and deadlines. [Albrecht et. al., Issues in Accounting Education, Fall 1994, p. 408] COURSE OBJECTIVES: 1. To increase your applications-level understanding of the fundamental concepts of audit/assurance services. 2. To expand coverage of selected topics presented in the first auditing course. 3. To introduce topics of current interest. 4. To discuss and analyze problematic situations so that you can better understand how to respond when faced with such situations in the future. 5. To increase your awareness to the key ethical issues that audit practitioners presently face. NOTE: This syllabus is subject to revision as deemed necessary. Modifications, if necessary, will be announced. Students absent from class are responsible for determining if any modifications were announced. ALSO: Please call me or see me individually if you are experiencing problems in this course that you do not believe you can deal with personally. I would like for every student to have a positive learning experience in this course. I will do everything I reasonably can to facilitate your learning experience. COURSE MATERIALS: The following case book is required: Beasley, Buckless, Glover, & Prawitt. Auditing Cases: An 1 Interactive Learning Approach, 3/e. I strongly recommend the text by Whittington/Pany entitled Principles of Auditing & Other Assurance Services, Updated 15th Edition (McGraw-Hill/Irwin, 2006). Class notes on Blackboard. We will use blackboard extensively. Check frequently. ASSIGNMENTS AND CASES: CASES: You should prepare a typed write-up of each assigned case, unless otherwise instructed. You will turn it in at the end of the case discussion, and you are welcome to write notes on it. For individual cases, you may discuss the case assignments with each other prior to starting your individual solutions but an individual s final written solution should reflect only that person s actual work and judgments. Any case assignments which are copied from or unusually similar to another person will result in charges of academic misconduct against all students involved. No credit will be given for case assignments turned in later than their assigned date. In-class case work: Student teams will consist of 4-5 persons. Cases will sometimes be started and completed in class. From time to time, with or without announcement in advance, a visiting practitioner may visit our class and participate in class discussions. READINGS: Readings include relevant authoritative pronouncements and suggested articles as indicated in the schedule. GRADING: Grades will determined based on your relative performance on the following assignments: Assignment Final exam Class Participation Case Solution Write-Ups Group Cases Individual Case Total Percent 10 30 30 20 10 100 I assign a letter grade to your work and use the standard grade point scale (4.0 base) to average grades. It is principally your ranking in the class point distribution that will determine your final letter grade. I would expect that approximately 50% of the grades will be "A" or A- and 50% will be B" (+ or-). You can earn a grade lower than a "B-" if you really work at it! CLASS PARTICIPATION IS A STUDENT RESPONSIBILITY: This class will be conducted as graduate level course. I expect much student discussion during class. 2 This will require you to demonstrate your knowledge of the topics. The class schedule which follows contains a variety of case, reading, and research paper related assignments. Part of your education as an accounting professional is learning to accept and independently handle responsibility. If you do not understand what is expected of you in this course, ask me. Silence carries the presumption of understanding. Please understand that I respect the fact that you are adults and, by being in our graduate program, you are likely managing many responsibilities simultaneously, including jobs, family, and your classes. IMPORTANT WEB SITES: American Institute of Certified Public Accountants (www.aicpa.org) Includes AICPA Professional Standards PCAOB (www.pcaobus.org) Financial Accounting Standards Board (www.fasb.org) Institute of Internal Auditors (www.theiia.org) International Auditing and Assurance Standards Board (www.ifac.org/IAASB) International Federation of Accountants (www.ifac.org) Panel on Audit Effectiveness (www.pobauditpanel.org) Securities and Exchange Commission (www.sec.gov) Deloitte & Touche (www.deloitte.com) Ernst & Young (www.ey.com) KPMG (www.kpmg.com) PricewaterhouseCoopers (www.pwc.com) ACADEMIC MISCONDUCT (a necessary reminder): Academic misconduct is defined as dishonesty in academic work. Examples of academic misconduct include plagiarism, and the giving or receiving of unauthorized aid in assigned work. Penalties for the first offense of academic misconduct range from an F on the work in question, or an F for the course, dismissal to from SDSU. BE HONEST IN YOUR WORK!!! ACCTG 670 SEMINAR IN AUDITING & ASSURANCE SERVICES SPRING 2006 -- 1600 TH SS 2514 Tentative schedule W EEK 1/19 TOPICS AND READINGS INTRODUCTION Overview of the course. Discussion of students auditing background. 1/26 AUDIT EVIDENCE: LINKING ASSERTIONS AND PROCEDURES Review of audit program design and other fundamentals Review chapters 5 and 6 in Whittington for conceptual framework. Also review audit procedures chapters that apply framework (chapters. 10, 11, 12, etc.) CLIENT ACCEPTANCE 3 In-Class Case CASES 2/2 ACCTG 670 SEMINAR IN AUDITING & ASSURANCE SERVICES SPRING 2006 -- 1600 TH SS 2514 Tentative schedule Read material from any auditing textbook on client acceptance. For example: Whittington/Pany: Chapter 6 Planning the Audit; (relevant pages) Relevant professional standards for this assignment include AU Section 311, "Planning and Supervision," AU Section 315, "Communications Between Predecessor and Successor Auditors," ET Section 191.069-070, "Ethics Rulings on Independence, Integrity, and Objectivity," Et Section 301, "Confidential Client Information," and QC Section 20, "System of Quality Control for a CPA Firm's Accounting and Audit Practice." BUSINESS RISK AND AUDIT RISK Relevant professional standards for this assignment are AU Section 310 Appointment of the Independent Auditor, AU Section 311 Planning and Supervision, AU Section 312 Audit Risk and Materiality in Conducting an Audit, and AU Section 316 Consideration of Fraud in a Financial Statement Audit. Ocean Manufacturing 2/9 Dell Computer 2/16 DOCUMENTING AUDIT TESTS Relevant professional standards for this assignment are AU Section 230 Due Care in the Performance of Work, AU Section 326 Evidential Matter, AU Section 330 The Confirmation Process, and AU Section 339 Audit Documentation. Also, PCAOB: Auditing Standard #3 on Audit Documentation The Runners Shop 2/23 Group Case SARBANES OXLEY: THE INTEGRATED AUDIT Read Chapter 18 of Whittington. Complete a group case and submit it via email by 10:00 PM on 2/24. I will provide detailed requirements. Use class time or another convenient time to meet with group. I will stand by via email if you have questions. Class will not meet F2F at the scheduled time this week. 3/2 INTERNAL CONTROL ENVIRONMENT Relevant professional standards for this assignment are AU Section 316, Consideration of Fraud in a Financial Statement Audit, AU Section 319, Consideration of Internal Control in a Financial Statement Audit, AU Section 333, Management Representations, AU Section 326, Evidential Matter, and 4 Simply Seam Co / Easy Clean Co. (both cases) ACCTG 670 SEMINAR IN AUDITING & ASSURANCE SERVICES SPRING 2006 -- 1600 TH SS 2514 Tentative schedule PCAOB AS2, An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements (AS2 is relevant from an informational perspective, but is not required since EC/SS is not a public company). 3/9 INTERNAL CONTROL IN A SMALL BUSINESS Relevant professional standards for this assignment are AU Section 319 "Consideration of Internal Control in a Financial Statement Audit." 3/16 3/23 Red Bluff Inn & Cafe Spring Break ANALYTICAL PROCEDURES AS SUBSTANTIVE TESTS Relevant professional standards for this assignment are AU Section 329, Analytical Procedures, and AU 326, Evidential Matter. AUDIT SAMPLING Burlington Bees 3/30 Case to be provided. 4/6 SARBOX INTERNAL CONTROL AUDITS Relevant professional standards for this assignment include the Sarbanes Oxley Actof 2002 Section 404, PCAOB Auditing Standard No. 2, An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements (AS2), PCAOB Policy Statement Regarding Implementation of Auditing Standard No. 2 (PCAOB Release No. 2005-009), and PCAOB Staff Questions and Answers: Auditing Internal Control Over Financial Reporting (May 16, 2005). Sarbox Scooter 4/13 FRAUD ASSESSMENT Relevant professional standards for this assignment include AU Section 230, Due Professional Care in the Performance of Work, AU Section 316, Consideration of Fraud in a Financial Statement Audit, AU 319, Consideration of Internal Control in a Financial Statement Audit. ZZZZ Best; Flight Transport-ation Corporation; Phar-Mor 4/20 Guest to participate in class discussion. Group Case ACCOUNTING FRAUD AND AUDITOR LIABILITY 5 Cedant ACCTG 670 SEMINAR IN AUDITING & ASSURANCE SERVICES SPRING 2006 -- 1600 TH SS 2514 Tentative schedule Complete the group case and submit it via email by 10:00 PM on 2/24. I will provide detailed requirements. Use class time or another convenient time to meet with group. I will stand by via email if you have questions. Class will not meet F2F at the scheduled time this week. Relevant professional standards for this assignment include AU Section 230, Due Professional Care in the Performance of Work, AU Section 316, Consideration of Fraud in a Financial Statement Audit, AU 319, Consideration of Internal Control in a Financial Statement Audit. 4/27 TESTS OF TRANSACTIONS Relevant professional standards for this assignment are AU Section 319 Consideration of Internal Control in a Financial Statement Audit, AU Section 326 Evidential Matter, AU Section 339 Audit Documentation, and AU Section 350 Audit Sampling. 5/4 TESTS OF BALANCES Relevant professional standards for this assignment are AU Section 319 Consideration of Internal Control in a Financial Statement Audit, AU Section 326 Evidential Matter, AU Section 339 Audit Documentation, and AU Section 350 Audit Sampling. 5/18 FINAL EXAMINATION 1600-1800 in our classroom Corporation Southwest Shoe Distributor (SSD): Performance of Tests of Transactions (31) SSD: Performance of tests of balances in the expenditure cycle 6

Find millions of documents here - Study Guides, Homework Solutions, Papers, Exam Answer Keys and more. Course Hero has millions of course related materials that will enable you to learn better, faster and get an A in all your courses.
Below is a small sample set of documents: