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
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.

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.
2. There will be three specific outside projects:

a. Six audit cases (on the CD) that are to be worked and handed in as we go along.
b. The Biltrite Audit Case (on the CD) to be worked and handed in at the end of the semester. I suggest that you work a and b in two-person teams..
c. Two current events (each of you) that are audit-related. These reports are to be presented in class accompanied by a short written report.

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.

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.

Grading Policy:

Your grade in the course will be based on your relative performance on the following:

1. 3 Semester Examinations
2. 6 audit Cases
3. Biltrite Audit Case
4. Current Event Reports
450 points
120 points
100 points
50 points
TOTAL 720 points
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

Meeting
Date
Chapter
Topic
Assignment
1
28-Aug
1
Auditing, Attestation and
Assurance
MC1:1-8
1-1, 1-2, 1-4, 1-8
 
2
30-Aug
2
Professional Responsibility: MC2: 1-9
Quality Standards & Ethics 2-3, 2-7
3
6-Sep
2
Professional Responsibility: 10-Feb
3
Quality Standards & Ethics MC3: 1-14
Professional Responsibility: Internet Activities
Regulations and Legal Liability
4
11-Sep
3
Professional Responsibility: 3-2, 3-3, 3-5
4
Regulations and Legal Liability: MC4: 1-14
Audit Evidence/Programs
5
13-Sep
4
Audit Evidence/Programs 4-2, 4-9
  Hanlon, Inc*
6
18-Sep
5
Audit Planning: Inherent MC5: 1-17
Risk and Materiality Internet Activities
  5-4, 5-9, 5-11
7
20-Sep
5
Audit Planning: Inherent Marcus Publishing*
Risk and Materiality Biltrite-Module I
6
Internal Control: Concepts MC6: 1-10
8
25-Sep
6
Internal Control: Concepts 6-2, 6-5
9
27-Sep
-
Exam #1: Chapter 1-6 150 points
10
2-Oct
-
Review Exam
7
Audit Planning – Control Risk MC7: 1-19
  Internet Activities
11
4-Oct
7
Audit Planning – Control Risk 7-1, 7-6
8
Internal Control: CBIS MC8: 1-16
12
9-Oct
8
Internal Control: CIBS 8-2, 8-6
  Biltrite - Module II
9
Statistical Sampling: Control MC9: 1-20
Procedures 1-Sep
13
11-Oct
9
Statistical Sampling: Control 9-7, 9-11
Procedures Biltrite Module III
14
16-Oct
10
Statistical Sampling: Substantive MC10: 1-17
Testing Internet Activities
15
18-Oct
10
Statistical Sampling: Substantive 10-2, 10-6
Testing Biltrite Module IV
16
23-Oct
11
Substantive Audit Testing: MC 11: 1-13
Revenue Cycle 11-2, 11-6
17
25-Oct
11
Substantive Audit Testing: Biltrite Modules V, VI, VII
Revenue Cycle 11, 10-Colorado Processing*
18
30-Oct
-
Exam #2 - Chapters 7-11 150 points
19
1-Nov
Review Exam
12
Substantive Audit Testing: MC 12: 1-13
Expenditure Cycle 12-1, 12-2
20
6-Nov
12
Substantive Audit Testing: 9-Dec
Expenditure Cycle 12-12 Serfers Service*
  Biltrite Modules VIII,
  IX, X, XI
21
8-Nov
13
Substantive Audit Testing: MC 13: 1-19
Other Cycles 13-7, 13-12
22
13-Nov
13
Substantive Audit Testing: 13-15 Marvel Muffler*
Other Cycles 13-16 Bronson Mfg*
  Biltrite Modules
  XII, XIII, XIV
23
15-Nov
14
Audit Reports MC 14:1-24
  Internet Activities
24
14
Audit Reports 14-1, 14-9
  14-11
  Biltrite Module XV
25
15
Other Assurance Services MC15: 1-20
  15-6, 15-7
26
15
Other Assurance Services 15-8, 15-11
27
16
Operational/Governmental MC16: 1-20
Compliance Auditing 16-1
28
16
Operational/Governmental 16-6, 16-10
Compliance Auditing
29
11-Dec
4:00-5:50
Exam #3 Chapters 12-16 150 points
* Case to be completed and handed in on stated date.