Auditing, ACC 4120 Syllabus

Auditing, ACC 4120
California State University, Stanislaus

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.

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

Sept. 2   Introduction Session

Sept. 7

1 & 2 1: 27, 26, 28, 31, 32

Sept. 9

5 2: 29-31, 33, 34, 36

Sept. 14

6 5: 17-22, 24-29, 31, 33-36

Sept. 16

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

Sept. 21

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

Sept. 23

8 Finish Chapter 7 Problems

Sept. 28

10 8: 1-19, 22-24, 30-38

Sept. 30

9 10: 4, 6-8, 15, 16, 18, 19, 21-32, 34
Oct. 5   MID TERM EXAMINATION I

Oct. 7

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

Oct. 14

11 9: A 2, 4, 5, 8-12

Oct. 19

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

Oct. 21

13 12: 1-4, 6-25, 27, 28, 31-33, 36, 37, 39, 40-42

Oct. 26

14 13: 3-7, 10, 11, 13, 16, 18, 26, 30, 32, 37, 39

Oct. 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

Nov. 4

17 16: 27, 28, 30-35

Nov. 9

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

Nov. 16

  MID TERM EXAMINATION II

Nov. 18

19 18: 2-18, 20, 22-26, 28, 30, 34

Nov. 23

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

Nov. 30

4 3: 25, 27-36
Dec. 2 20

4: 18-25, 27-38

Dec. 7  

20: 15-18, 20-22, 25-30, 35-39, 44

Dec. 9    
Dec. 16   FINAL EXAMINATION 11:15am - 1:15pm

 

Points available will be as follows:

Course Requirement

Points

Mid Term Examination I 175
Mid Term Examination II 175
Final Examination 300
Audit Case 175
Papers, 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 Auditing12th 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.