Auditing, ACC 4120
California State University, Stanislaus

Overall Goals & Objectives
Reading Materials
Other Materials
Grades
Assignments
Course Units

 

Catalog Description: This course covers standards and procedures broadly applied to examination of financial statements and other assurance services, including a consideration of the field of public accounting, professional ethics, internal controls, preparation of work papers, and audit reports. Prerequisite: ACC 3120.

For link to CSU Stanislaus catalog http://honors.csustan.edu/catalog/

 For link to Initial Public Offerings IPOs.html

For link to answers to MT1S99.html

For link to answers to MT2Sp99.html

 

 

 For link to Report on Liability

 For link to Analytical Review Article

 

Course Objectives and Methods

A study of auditing and other assurance services as practiced today. Subjects covered are auditor and accountants reports; auditing and other assurance service standards and practices; accounting principles - U. S. and global; the importance of independence and professional ethics; auditor legal liability; internal control; audit sampling; evidence; emphasis of AICPA's Generally Accepted Auditing Standards (GAAS) as a model; introduction of global standards. Auditing using computers is introduced. A computerized audit practice case is required.

Class Methods: Lectures, class participation, discussions of assignments with extensive homework review and analysis. AICPA and other computer programs will be demonstrated and explained. Public presentations will be practiced as students present results of homework. Groups make in-class analyzes and presentations based on homework. Groups will be formed to collaborate on analysis phases of the audit practice case which must be completed by each student individually.

Home Work may be collected from time to time on an unannounced basis, graded and returned. Homework to date is due at each examination where they will be graded and returned to you.

Unannounced quizzes will be given as needed. They will cover reading material for that class. Quizzes cannot be made up.

A written analysis of the KPMG video "It Ain't Over 'Til the Fat Man Signs" (77 minutes long) is an outside class assignment. The tape will be on reserve in the library and should be viewed no sooner than after chapter 2. Paper in good form is due by November 29.

If you turn the paper in by November 19, it will be graded and returned. You may do an iterative improvement process by turning in the paper, receiving my comments, improving the paper and turning it in again as many times as you desire before November 29.

You may miss one mid term exam. The missing exam's points will be added to the final exam points. You must take at least one mid term and the final exam to receive a course grade.

 
Assignments

The following assignments are due in the week indicated.

 FALL Semester 1999

 

Date

 Chapter

Homework

September 2

 

 Introduction Session

7

1 & 2

1: 27,26,28,31,32

9

5

2: 29-31,33,34,36

14

6

5: 17-22,24-29,31,33-36

16

 

7

6: 2-5,7,9,12,13,23,24,27-31, 34, 36, 42

21

7

7: 2,3,8,10,11,16,20,23,24,29,30,33,35,36,38, 39

23

8

Finish chapter 7 problems

28

 10

8: 1-19,22-24,30-38

30

 9

10: 4,6-8,15,16,18,19,21-32,34

Oct 5

 

Mid Term Examination I

7

Appendix

9

9:2-5, 7, 24, 26, 29, 30, 32, 33,35-38,40-50

14

 11

9: A 2,4,5,8-12

19

 12

11: 4,5,8,12,13,15-19,22-28,30-32, 34-38, 41, 45

21

13

12: 1-4,6-25,27,28,31-33, 36, 37, 39, 40-42

26

14

13: 3-7,10,11,13,16,18, 26, 30, 32, 37, 39

28

15

14: 1-6,8-12,14-22,25-27,29,31,33

Nov 2

16

15: 1-26,28,32,34,36,40 

4

17

16: 27,28,30-35

9

18

17: 1,4,7,11,13-18,21-26,28-34, 36, 39, 43,44 

16

 

 Mid Term Examination II

18

 19

 18: 2-18,20,22-26,28,30,34

23

3

19: 2,3,5,6,8,10,11,29,31-33,35,36,38-42 

30

 4

 3: 25,27-36

Dec 2

20

 4: 18-25,27-38 

7

 

 20: 15-18,20-22,25-30, 35-39, 44 

9

 

 

 16

 

 FINAL EXAMINATION 11:15 TO 1:15

POINTS AVAILABLE WILL BE AS FOLLOWS: 
 

Course Requirements

Points

Mid Term Examination I

175

Mid Term Examination II

175

Final Examination

300

AUDIT CASE

175

PAPER, QUIZZES, HOMEWORK

75

TOTAL

900

 

 GRADING SCALE

A = 90 PERCENT

B = 80 PERCENT

C = 70 PERCENT

D = 60 PERCENT

 

Reading Materials

Required: The text for the course this semester is:
Whittington and Pany. Principles of Auditing 12th edition

 Suggested: Link to web resources listed on the Course Resources page.

 

Other Matters

Each student needs an Internet account and access to a machine with a Web browser. Basic e-mail, netiquette, and file management skills are helpful.
There will be a practice case required. It will be available latter in the semester as we are ready for it.

 

 

OVERVIEW / CALENDAR / INSTRUCTOR / PEOPLE / RESOURCES / SYLLABUS / COURSE UNITS
DEPARTMENT / UNIVERSITY

Page updated: September 1, 1999