Auditing Essay Example for Free

canvasing seeCourse TextsPrentice Hall Auditing and Assurance Services An Integrated Approach 15th edition. Arens/Elder/Beasley (Required) interest bring your textbook to each variety sessionClass HoursMonday / Wednesday 830 950 a.m. 119 Eppley shopping centerMonday / Wednesday 1020 1140 a.m. 119 Eppley CenterMonday / Wednesday 1240 200 p.m. 119 Eppley CenterOffice HoursMonday 230 400 p.m., N227 BCCWednesday 230 400 p.m., N227 BCCOther hours available by meshing (please contact me to arrange an appointment.) During the week I check email constantly and am exceedingly responsive. This is often times the best way to get a quick response. I can firebrand individual appointments to meet with you during times when I am on campus if you want a one-on-one appointment to discuss grades and different more confidential matters. Our blood consultant allow be available on a regular basis for detailed material/grading questions.Course ConsultantJohn Kure (emailprotected)In addition to my office hours, John get out be accessible to meet with you during the course. He ordain be available to answer your questions about grading as well as to provide advising and consultation regarding othercourse-related matters at the following times TBDCourse Web PageThe course has a web rascal in Desire2Learn, and you should check it often. The course consultant and I volition use this site to communicate with the fellowship periodically during the semester. The page go away also include a number of fittings and other relevant and weighty course materials. We plan to track your grades using the Gradebook feature on this site.POLICIES FOR CONDUCT OF THE operate1. BROAD OBJECTIVES OF THE COURSEThe overall objective of this course is to help each student obtain the skills, knowledge, and attitude to maximize the likeliness of practicing successfully after graduation. This overall objective is to Aid in preparing you for the auditing section of the CPA exam. Deve lop skilful and application auditing skills, including evidence accumulation and workpaper documentation. Practice communication skills in the context of auditing practice. Learn about a business approach to auditing which emphasizes relevance of general business and surroundingsal knowledge aw atomic number 18ness. Develop professional impression in materiality and risk assessment, in ethical conduct, in the application of generally accepted auditing standards, and in the determination of sufficient competent evidential matter.2.SPECIFIC OBJECTIVESThis course is intended to be an introduction to the audit change and the role of auditing in organizations and in financial markets. It testament not make you an auditor that comes only with large experience and it will not specifically prepare you for the auditing section of professional exams (e.g., CPA, CIA, etc.). However, the course should provide you with the rudimentary knowledge so that, with additional self-study or by taking a review course, you will acquit the auditing components of those exams.We will be studying the following topics, with the objective of gaining a sufficient understanding of each to change you to apply, evaluate, and use them throughout your careerDemand for audits and attestations.Audit risk model.Concept of materiality.Assessing inherent risk.Assessing control risk.Audit evidencea) planning.b) the role of sample evidence.c) evidence collection.d) evidence evaluation.Reporting requirements.Quality assurance of the audit process.Auditing environmenta) professionalism and self regulation.b) external regulation.3.CLASS FORMATAuditing is a challenging and demanding profession. To provide coverage of a significant hail of material and to allow for fighting(a) learning, the course of action meetings will be held assuming you have read the appoint material prior to divide and are prepared to contribute to class discussions every session. The textbook and readings should con cede you a fundamental understanding of the topic before we discuss it in class. Please feel unornamented to raise whatever questions you have about the material before, during, or after class.Class meetings will inhabit of a combination of lecture, open discussion, and a number of active learning opportunities. Meeting time will allow for discussion of current topics and student questions and concerns. Additionally, time will be spent on active learning opportunities thatinclude, but are not restrain to, homework problems, in-class group assignments, case studies, quizzes, and exams.4.REQUIRED COURSE MATERIALSYou will need to purchase the textbook as described above under Course Text. Previously use packages whitethorn not contain the required problems and/or worksheets. Case work will be provided in your book or by instructor. No purchase is necessary for case work.5. GRADINGFinal grades will be base upon your points earned in relation to the total points available. Some of these points will be awarded found on your individual performance on exams. However, since auditing is a team effort in the real world, you will be organized into teams of 3 or 4 for about group assignments. Group members are pass judgment to be conscientious and fully committed to sharing group work. Upon agreement of the other group members, and after meeting with me, a group member who is not adequately participating may be outback(a) from the group. That person will then be required to complete the group assignments individually, and I will timidity the right to penalize project points equal to one letter grade. Total points will be distributed as followsGrading Scale The final grade for this course will be based upon a curve. (No item accumulation of points constitutes a 4.0 or a 2.0 for example.) This is a competitive grading scale based course.QUIZZESYou will be given over 5 in-class quizzes during the semester. Each quiz is expense 10 points. The quizzes may consist of confessedly/false questions, multiple-choice questions, and/or matching. Quizzes will begin promptly at the beginning of class. Latecomers will non be given extra time. Absentees will NOT be given make-ups, except in plastered PRE-APPROVED, school-related instances. Quizzes cannot be made up after the fact for either circumstance.Your lowest quiz grade will be dropped at the end of the semester.WRITING ASSIGNMENTSYou will be asked to complete 5 in-class writing assignments throughout the semester. Each writing assignment is worth 10 points. The writing assignments will be graded based on effort. These in-class writing assignments may be done at the beginning of class to lead us into discussion of a certain topic, or they may be done at the end of class to help me assess your understanding of material/case study that we have covered in class or they may divvy up place during the class in groups to stimulate discussion.Your lowest in-class writing assignment grade will be drop ped at the end of the semester.GROUP PROJECTYou will work in groups of 4-5 to complete a group project. Details about the project assignment will be given mid-semester, and work on the project should be on-going throughout the remainder of the semester. The project will be worth a total of 40 points.EXAMSThree exams will be given during regular class time. theme exams will not be given unless extraordinary circumstances are involved. To the extent it is possible, you will be expected to state me before the scheduled exam if an extraordinary circumstance exists.Exams will be collected of some combination of multiple-choice questions and short answer non-multiple-choice questions, patterned after the auditing portion of the CPA examination.The exams are designed and graded to evaluate your understanding of the auditing concepts and your ability to communicate the results of your analysis of the textbook, class projects, homework assignments, and any class discussion.HomeworkAlthoug h not assigned graded points, the suggested homework problems can be helpful to encounter your understanding of the material. You may visit the course consultants office hours to see solutions to these problems if you would like to meet this extra work.6.POINTS OF EMPHASISAcademic frankness and IntegrityYou are responsible for adhering to the University guidelines on Academic Honesty and Integrity and to The Eli Broad College of Business Undergraduate Honor Code, available in its entirety at http//www.bus.msu.edu/ schooling/news.cfm?newsid=767. According to the Code, it applies to all undergraduate students enrolled in the College orin any course sponsored by the College. Thus, as a student in ACC 411, you are required to review, comprehend, and abide by the Code. The penalties for a violation of the University guidelines and/or the Code can be quite severe.Unless explicitly indicated otherwise, all graded assignments are expected to be the result of your original work. Academic dishonesty will be dealt with in the harshest manner available inside the University or College guidelines. Should you have any questions about this policy, please see me immediately.Quality and Neatness of Work totally work submitted in this class is subject to a penalty for sloppy presentation, poor writing, and other characteristics which trim from the professionalism expected from auditors. ACC 411 is an upper level course for accounting majors, and it is possible that it will be the only course you take related to auditing prior to starting your professional career. As such, I expect your work to formulate your preparation for professional careers.Participation and Other Classroom ConsiderationsParticipation and attention are considered highly outstanding in this class. I will not take attendance each day however your attendance and participation will be noted and taken into account. I do expect that if you attend class you will be present for the entire class. I will consi der tardiness, early changeures and use of electronic devices when calculating your attendance, participation and professionalism score. If you will be late to the start of class or need to depart early, please let me know ahead of time as a courtesy.Religious HolidaysI pry religious observances and have made allowances in the syllabus toensure that students are not penalized for missing some class days (i.e., I count the top 4 of 5 quizzes/writing assignments). However, please notify me at the beginning of the semester if you expect a conflict on exam days.Final ExamPer the Universitys Final Exam PolicyA student absent from a final examination without a satisfactory explanation will receive a grade of 0.0 on the numerical system, NC on the CR-NC system, or N in the case of a course authorized for grading on the P-N system. Students unable to take a final examination because of illness or other reason over which they have no control should notify the associate deans of their colle ges immediately.Social MediaAs members of a learning community, students are expected to wonder the intellectual property of course instructors. All course materials presented to students are the copyrighted property of the course instructor and are subject to the following conditions of use1. Students may record lectures or any other classroom activities and use the recordings only for their own course-related purposes.2. Students may not share the recordings with other students enrolled in the class. Sharing is limited to using the recordings only for their own course-related purposes.3. Students may not post the recordings or other course materials online or distribute them to anyone not enrolled in the class without the advance written permission of the course instructor and, if applicable, any students whose voice or image is included in the recordings.4. Any student violating the conditions described above may face academic disciplinary sanctions.