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132INTRO_std - WELCOME TO ECON 132 AUDIT COURSE INTRO...

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1 Bob Anderson, UCSB INTRO & CHAPTER 1-1 COURSE INTRO & CHAPTER 1 WELCOME TO ECON 132- AUDIT Bob Anderson, UCSB Intro & Chapter 1-2 WHO AM I? BOB ANDERSON UCSB Graduate of 1992 Senior Manager, KPMG, LLP- 1993-2004 RAFS, Inc. Interests Bob Anderson, UCSB Intro & Chapter 1-3 Why are we here? Learn foundation in AUDITING- which is useful for? Doing your JOB! CPA Exam Unfortunately lots of theory! Bob Anderson, UCSB Intro & Chapter 1-4 OVERVIEW OF THE COURSE What is auditing and other services offered by CPA’s The current environment Regulation and rules governing audit Sarbanes-Oxley Act Audit Evidence Planning an Audit (7 P’s) Internal control A/R and Revenue Operations and completing the audit Auditor’s reports
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2 Bob Anderson, UCSB Intro & Chapter 1-5 Course Approach Mutually well prepared; Lectures to be an expansion of what is in the book Real World Interesting and Layman’s terms Bob Anderson, UCSB Intro & Chapter 1-6 Administrative Matters NOTE: All of the following is in syllabus Web-Page address is econ.ucsb.edu/~anderson Student preparation for classes Class presentations on the web for review/ printing before class Quizzes and Homework will combine for 10% of your course grade One drop allowed Grade Posting. You must provide me a release form and I will periodically post to the web My office: NH 3039. Hours Posted on Syllabus Bob Anderson, UCSB Intro & Chapter 1-7 PROTECTED CONTENT USERNAME: anderson PASSWORD: xxxxxx Bob Anderson, UCSB Intro & Chapter 1-8 POINTS EXAMS MAKE UP 83% OF YOUR COURSE GRADE Combination of multiple choice, short answer and problem solving; Grade allocation (1,000 points): Exam #1 25.5% Exam #2 25.5% Final Exam (25% cumulative) 32.0% Homework &Quiz 12.0% Simulations 5.0%
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