ACCOUNTING
414 A
SYLLABUS
GRAND VALLEY STATE UNIVERSITY
SEIDMAN SCHOOL OF BUSINESS
DEPARTMENT OF ACCOUNTING & TAXATION
WINTER 2001
Course Number: | ACC 414 A | ||||
Course: | Auditing Theory & Practice | ||||
Instructor: | Stanton C. Lindquist, Ph.D., CPA | ||||
Office Location & Hours: | 459C DeVos Center Tuesday & Thursday: 11:30-12:00; 3:45-4:30 and by appointment |
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Phone and email: | 336-7404;fax: 336-7445; lindquis@gvsu.edu | ||||
Required Material: | Auditing - A Risk Analysis Approach, Larry Konrath, 8th Edition. | ||||
Course Objective: | To examine the complex process of evaluating evidential matter by integrating auditing theory/concepts with auditing practice/methodology. | ||||
Course Format: |
The basic format of this course will be classroom discussion which will hopefully stimulate your interest in the investigative process which takes place in evaluating financial information. In addition to the reading assignment, I will summarize the major points in the chapter and then turn the class period into a discussion format. Hopefully, this format will drastically reduce my lecturing, promote our getting to know each other and encourage "active" participation on your part rather than "passively" listening to a boring lecture on auditing. |
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Assignment: |
1. Assigned text problems are to be reviewed prior to class. I will assign
problems to each of you as a lead-in to our discussion of these problems
in class.
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Examinations: |
Three unit examinations will be given during the semester. The exams will be a combination of multiple-choice, problems and short essay questions covering all material in the unit chapters. Examinations will be designed and graded to evaluate your understanding of auditing concepts and your ability to communicate the results of your analysis of the textbook, class projects, homework assignments, and class discussion. |
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Attendance: |
Class attendance is expected. If you cannot attend the class due to illness, family responsibilities, work, etc., please call me, leave a message on my voice mail, or e-mail. Students with disabilities: If you have special needs because of a learning disability or other kinds of disabilities, please feel free to come and discuss them with me. |
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Grading Policy: |
Your grade in the course will be based on your relative performance on the following:
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Withdrawal Date: | Last date to withdraw with a "W" is Friday, October 19, 2001, 5:00 P.M. |
ACCOUNTING 414
A
FALL 2001
TENTATIVE ASSIGNMENT SCHEDULE
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Auditing, Attestation and Assurance |
MC1:1-8 1-1, 1-2, 1-4, 1-8 |
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Professional Responsibility: | MC2: 1-9 |
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Quality Standards & Ethics | 2-3, 2-7 |
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Professional Responsibility: | 10-Feb |
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Quality Standards & Ethics | MC3: 1-14 |
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Professional Responsibility: | Internet Activities |
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Regulations and Legal Liability | |
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Professional Responsibility: | 3-2, 3-3, 3-5 |
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Regulations and Legal Liability: | MC4: 1-14 |
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Audit Evidence/Programs | |
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Audit Evidence/Programs | 4-2, 4-9 |
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Hanlon, Inc* | |
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Audit Planning: Inherent | MC5: 1-17 |
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Risk and Materiality | Internet Activities |
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5-4, 5-9, 5-11 | |
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Audit Planning: Inherent | Marcus Publishing* |
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Risk and Materiality | Biltrite-Module I |
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Internal Control: Concepts | MC6: 1-10 |
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Internal Control: Concepts | 6-2, 6-5 |
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Exam #1: Chapter 1-6 | 150 points |
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Review Exam | |
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Audit Planning – Control Risk | MC7: 1-19 |
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Internet Activities | |
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Audit Planning – Control Risk | 7-1, 7-6 |
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Internal Control: CBIS | MC8: 1-16 |
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Internal Control: CIBS | 8-2, 8-6 |
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Biltrite - Module II | |
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Statistical Sampling: Control | MC9: 1-20 |
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Procedures | 1-Sep |
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Statistical Sampling: Control | 9-7, 9-11 |
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Procedures | Biltrite Module III |
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Statistical Sampling: Substantive | MC10: 1-17 |
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Testing | Internet Activities |
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Statistical Sampling: Substantive | 10-2, 10-6 |
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Testing | Biltrite Module IV |
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Substantive Audit Testing: | MC 11: 1-13 |
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Revenue Cycle | 11-2, 11-6 |
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Substantive Audit Testing: | Biltrite Modules V, VI, VII |
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Revenue Cycle | 11, 10-Colorado Processing* |
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Exam #2 - Chapters 7-11 | 150 points |
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Review Exam | |
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Substantive Audit Testing: | MC 12: 1-13 |
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Expenditure Cycle | 12-1, 12-2 |
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Substantive Audit Testing: | 9-Dec |
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Expenditure Cycle | 12-12 Serfers Service* |
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Biltrite Modules VIII, | |
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IX, X, XI | |
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Substantive Audit Testing: | MC 13: 1-19 |
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Other Cycles | 13-7, 13-12 |
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Substantive Audit Testing: | 13-15 Marvel Muffler* |
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Other Cycles | 13-16 Bronson Mfg* |
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Biltrite Modules | |
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XII, XIII, XIV | |
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Audit Reports | MC 14:1-24 |
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Internet Activities | |
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Audit Reports | 14-1, 14-9 |
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14-11 | |
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Biltrite Module XV | |
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Other Assurance Services | MC15: 1-20 |
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15-6, 15-7 | |
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Other Assurance Services | 15-8, 15-11 |
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Operational/Governmental | MC16: 1-20 |
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Compliance Auditing | 16-1 |
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Operational/Governmental | 16-6, 16-10 |
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Compliance Auditing | |
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Exam #3 Chapters 12-16 | 150 points |