1Bob Anderson, UCSBINTRO & CHAPTER 1-1COURSE INTRO & CHAPTER1WELCOME TO ECON 132- AUDITBob Anderson, UCSBIntro & Chapter 1-2WHO AM I?BOB ANDERSONUCSB Graduate of 1992Senior Manager, KPMG, LLP- 1993-2004RAFS, Inc.InterestsBob Anderson, UCSBIntro & Chapter 1-3Why are we here?Learn foundation in AUDITING- which is useful for?Doing your JOB!CPA ExamUnfortunately lots of theory!Bob Anderson, UCSBIntro & Chapter 1-4OVERVIEW OF THE COURSEWhat is auditing and other services offered by CPA’sThe current environmentRegulation and rules governing auditSarbanes-Oxley ActAudit EvidencePlanning an Audit (7 P’s)Internal controlA/R and RevenueOperations and completing the auditAuditor’s reports
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2Bob Anderson, UCSBIntro & Chapter 1-5Course ApproachMutually well prepared;Lectures to be an expansion of what is in the bookReal WorldInteresting and Layman’s termsBob Anderson, UCSBIntro & Chapter 1-6Administrative MattersNOTE: All of the following is in syllabusWeb-Page address is econ.ucsb.edu/~andersonStudent preparation for classesClass presentations on the web for review/ printing before classQuizzes and Homework will combine for 10% of your course gradeOne drop allowedGrade Posting. You must provide me a release form and I will periodically post to the webMy office: NH 3039. Hours Posted on SyllabusBob Anderson, UCSBIntro & Chapter 1-7PROTECTED CONTENTUSERNAME:andersonPASSWORD:xxxxxxBob Anderson, UCSBIntro & Chapter 1-8POINTSEXAMS MAKE UP 83% OF YOUR COURSE GRADECombination of multiple choice, short answer and problem solving;Grade allocation (1,000 points):Exam #125.5%Exam #2 25.5%Final Exam (25% cumulative) 32.0%Homework &Quiz12.0%Simulations 5.0%