ACG4632

Auditing Theory and Application I

Course Code:
ACG 4632

Credit Hours:
3

Effective beginning:
2022-23

Sections:
000

 

Course Description:
Auditing I concerns external financial auditing, in which independent auditors will come from a CPA firm to audit a client company’s financial statements. We will concentrate on the process of gathering and evaluating evidence to determine whether the client’s financial statements are fairly presented in accordance with GAAP. We will also see how audit results are reported to readers of the client’s financial statements.

 

Course Details

Prerequisites:

ACG 3111

 

Instructors:

As assigned

 

Required textbooks/ course materials:

Financial Statement Auditing: A Risk-Based Approach (plus access to MindTap), Johnstone/Gramling/Rittenberg, 11th, Cengage Publishing, 2019. ISBN: 9781337619509.

CPA AUD Supplemental Course (with professor-led platform, 6-month access), Gleim, 2022.  ISBN: 9781618544889.

Cengage Unlimited:
1-semester subscription: ISBN 9780357700006
1-year subscription: ISBN 9780357700013
2-year subscription: ISBN 9780357700020

 

Assignment/course outline:

See your Instructor First Day Handout for individual instructor assignment schedule.

 

Discipline-level learning outcomes:

BA-1 Exhibit knowledge of accounting, finance, management, legal, operations and marketing.  

BA-2 Identify MIS, economics, technology, statistical data and decision support tools for making effective business decisions.

BA-3 Recognize the impact of today’s global economy, diversity and cultures on businesses.

BA-4 Comprehend how effective leadership, teamwork and ethics relate to best business practices.           

BA-5 Use effective oral and written communication skills, including effective research techniques.

 

Course-level learning outcomes:

Course-level student learning outcomesDiscipline-level learning outcomesAssessment methods
Defend the complete audit process based upon your knowledge of Accounting Information Systems and Auditing I

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes
Evaluate audit reports, as well as modifications

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes

Develop a basic audit plan

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes
Contrast specific issues involving SEC (publicly-traded) audit clients

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes
Formulate evidence-gathering to specific issues, including the audit risk model and qualities of evidence

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes
Compose statistical sampling in tests of transactions

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes
Contrast and comprehend authoritative guidance for auditing

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes
Synthesize appropriate ethical conduct in your work, as well as understand issues relating to auditor ethics

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes
Synthesize auditing issues on the Internet, as well as other appropriate media

BA-1, BA-2, BA-3, BA-4, BA-5

Homework, tests, quizzes

 

Means of accomplishing learning outcomes:

In-Person

The instructor will:

  • Lecture and lead class discussions.
  • Assign readings from textbooks and/or other sources to supplement lectures.
  • Provide supplemental materials that align with the material presented in the textbook as appropriate.
  • Design assignments, quizzes, discussions, etc., to help students engage with the course material.
  • Use other teaching strategies to assist students in examining and understanding course materials as needed.
  • Provide timely feedback on assignments.
  • Hold weekly office hours to address questions and student needs outside of class time.

The students will:

  • Attend class regularly and be attentive to lectures.
  • Engage with class discussion.
  • Participate in student discussion groups.
  • Read assigned readings.
  • Complete assignments, quizzes, discussion boards, etc., as assigned by the instructor.

Online

The instructor will:

  • Lead class discussions.
  • Assign textbook and/or other readings.
  • Provide supplemental materials that align with the material presented in the textbook as appropriate.
  • Design assignments, quizzes, discussions, etc., to help students engage with the course material.
  • Use other teaching strategies to assist students in examining and understanding course materials as needed.
  • Provide timely feedback on assignments.
  • Hold weekly virtual office hours to address questions and student needs.

The students will:

  • Engage with the course regularly.
  • Engage with class discussions.
  • Participate in student discussion groups.
  • Read assigned readings.
  • Complete assignments, quizzes, discussion boards, etc. as assigned by instructor.

 

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