This course provides an introduction to the scope and purpose of the audits provided by certified public accountants, including study of the theory of auditing, professional ethics, legal liability of the auditor, internal controls, audit evidence, and materiality & risk.
Tests may or may not be announced in advance. You learn better if you keep current rather than trying to study all night preceding an announced test. There will be no makeup's of missed tests unless PRIOR arrangements are made. If it is necessary for you to miss class, call me at 248-1573 - if I am not there, leave a message on the voice mail system - or you can send me e-mail at [email protected]
GRADING The approximate distribution of points is as follows
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Fall |
Spring |
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Tests (4 @ 100 each) |
400 |
(see Spring syllabus for details) |
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Final (Comprehensive) |
200 |
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Homework |
100 |
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Total |
700 |
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TEST PROTEST: You may protest any test question that you think is not valid. The protest must be in writing, needs to include the question (not just a reference to the test number, please), an explanation of why you think the question is not a good question (ambiguous, different interpretation, etc.), how you answered it and why, and your suggested change to the question to improve it.
HOMEWORK: points will be based upon a five-question quiz given at the start of each class over the assigned materials. In addition, you will receive one point for being in class and turning in the quiz. Homework grades will require an average of 5 correct out of the 6 possible for an "A", 4 for a "B", 3 for a "C", and 2 for a "D".
TEXT: (Fall, 2005 -- please note - these are the correct text books for this class)
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Auditing and Assurance Services, 11th Ed., by Arens, Elder, and Beasley |
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CONTEMPORARY AUDITING, 5th edition by Michael C. Knapp (Fall & Spring) |
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Spring -TBA |
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