ACC404 Syllabus Spring 2 2015

ACC404 Auditing (3 credit hours) Syllabus

Course Description Presents a basic overall framework of auditing and assurance services including both conceptual and procedural matters. Discusses ethical concepts of the accounting profession.

Course Learning Outcomes (CLOs) By the end of this course, the student will be able to do the following:

1. To understand the role of the outside auditor 2. To learn the standards of auditing 3. To learn how apply auditing to business processes 4. To study and analyze the auditor’s reporting responsibilities 5. To identify the issues affecting the auditing environment

Course Topics • Auditing and Assurance Services introduction • Basic Auditing Concepts: Materiality, Audit Risk, and Evidence • Planning the Audit and Understanding Internal Control • Statistical Tools for Auditing • Auditing Accounting Applications and Related Accounts • Completing the Audit and Reporting Responsibilities • Professional Responsibilities • Assurance, Attestation, and Other Forms of Services

Course Prerequisites/Corequisites ACC403

Required Textbook(s) and Resources The course technology fee includes student access to McGraw-Hill Campus and an ebook version of your textbook. The fee will be charged to the student's account during the add/drop period. An optional, highly discounted loose-leafed paper copy of the textbook is available for purchase in the Tiffin University bookstore. This is a special arrangement with TU and the discounted loose-leaf paper copy may not be available at the same rate from outside vendors. Messier, W. F., Jr. (n.d.). Auditing & Assurance Services: A Systematic Approach. Custom Tiffin University edition based off of the 8th edition. Irwin/McGraw-Hill. ISBN: 1259598160

Some lectures/activities may contain additional resources. See individual lectures/activities for those requirements. Where applicable, Tiffin University has obtained permission to use copyrighted material.

Minimum Student Technology Requirements In order to have a quality learning experience in your online courses, the University requires that your primary computer (the computer used to access course materials and on which you will be required to install course-specific software) meets or exceeds certain specifications. Click on the following link to view the specifications:

• PC Recommendations

Time Management Time management is an important part of academic success. Please refer to the approximate (average) times noted below for readings and assignments to help plan your time accordingly. Course Content

WEEK 1 Course Topics

Auditing and assurance services introduction

Read/Review Approx. Time

Textbook, Lectures, and Other Resources

Chapters 1, 2 Lectures 1, 2 Some lectures/activities may contain additional resources. See individual lectures/activities for those requirements.

3 hrs. 1 hrs.

Activity Type Course Learning Outcomes Due Approx. Time

Introductory Discussion: Initial Post Discussion 1: Initial Post Discussion 2: Initial Post All Discussions: Secondary Posts Quiz 1 (in McGraw-Hill Campus) Quiz 2 (in McGraw-Hill Campus) Homework 1 (in McGraw-Hill Campus) Homework 2 (in McGraw-Hill Campus) Final Project Overview: PowerPoint Presentation

CLO(s): n/a CLO(s): 1 CLO(s): 1 CLO(s): 1 CLO(s): 1 CLO(s): 1 CLO(s): 1 CLO(s): 1 CLO(s): 1, 2, 3, 4, 5

Monday Wednesday Wednesday Sunday Sunday Sunday Sunday Sunday Week 7

1 hrs. .5 hrs. .5 hrs. 1 hrs. 2 hrs. 2 hrs. 3 hrs. 3 hrs.

n/a

Approximate Weekly Time on Task (includes resources and activities) 17.0 hrs.


Basic auditing concepts: Materiality, audit risk, and evidence



Chapter 3, 4, 5 Lecture 1, 2, 3 Some lectures/activities may contain additional resources. See individual lectures/activities for those requirements.

4.5 hrs. 1.5 hrs.


Quiz 1 (in McGraw-Hill Campus) CLO(s): 1, 2 Sunday 2 hrs.


Planning the audit and understanding internal control



Chapter 6, 7 Lectures 1, 2 Some lectures/activities may contain additional resources. See individual lectures/activities for those requirements.

3 hrs. 1 hrs.


Discussion 1: Initial Post Discussion 2: Initial Post All Discussions: Secondary Posts Quiz 1 (in McGraw-Hill Campus) Quiz 2 (in McGraw-Hill Campus) Homework 1 (in McGraw-Hill Campus) Homework 2 (in McGraw-Hill Campus)

CLO(s): 2 CLO(s): 2 CLO(s): 2 CLO(s): 2 CLO(s): 2 CLO(s): 2 CLO(s): 2

Wednesday Wednesday Saturday Sunday Sunday Sunday Sunday

.5 hrs.

.5 hrs. 1 hrs. 2 hrs. 2 hrs. 3 hrs. 3 hrs.



Statistical tools for auditing Auditing accounting applications and related accounts




3 hrs. 1 hrs.


Discussion 1: Initial Post All Discussions: Secondary Posts Quiz 1 (in McGraw-Hill Campus) Quiz 2 (in McGraw-Hill Campus) Homework 1 (in McGraw-Hill Campus) Homework 2 (in McGraw-Hill Campus)

CLO(s): 3 CLO(s): 3 CLO(s): 2, 3 CLO(s): 2, 3 CLO(s): 2, 3 CLO(s): 2, 3

Wednesday Saturday Sunday Sunday Sunday Sunday




Auditing accounting applications and related accounts



Chapters 10, 11, 16 Lectures 1, 2 Some lectures/activities may contain additional resources. See individual lectures/activities for those requirements.

4.5 hrs. 1.5 hrs.

Quiz 1 (in McGraw-Hill Campus) Quiz 2 (in McGraw-Hill Campus) Quiz 3 (in McGraw-Hill Campus) Homework 1 (in McGraw-Hill Campus) Homework 2 (in McGraw-Hill Campus) Homework 3 (in McGraw-Hill Campus)

CLO(s): 1, 2 CLO(s): 1, 2 CLO(s): 1, 2 CLO(s): 1, 2 CLO(s): 1, 2 CLO(s): 1, 2

Sunday Sunday Sunday Sunday Sunday Sunday

2 hrs. 2 hrs. 2 hrs. 3 hrs. 3 hrs. 3 hrs.



Quiz 1 (in McGraw-Hill Campus) Quiz 2 (in McGraw-Hill Campus) Quiz 3 (in McGraw-Hill Campus) Homework 1 (in McGraw-Hill Campus) Homework 2 (in McGraw-Hill Campus) Homework 3 (in McGraw-Hill Campus)

CLO(s): 3 CLO(s): 3 CLO(s): 3 CLO(s): 3 CLO(s): 3 CLO(s): 3

Sunday Sunday Sunday Sunday Sunday Sunday

2 hrs. 2 hrs. 2 hrs. 3 hrs. 3 hrs. 3 hrs.



Completing the audit and reporting responsibilities




3 hrs. 1 hrs.


Discussion 1: Initial Post All Discussions: Secondary Posts Quiz 1 (in McGraw-Hill Campus) Quiz 2 (in McGraw-Hill Campus) Homework 1 (in McGraw-Hill Campus) Homework 2 (in McGraw-Hill Campus)

CLO(s): 4 CLO(s): 4 CLO(s): 4 CLO(s): 4 CLO(s): 4 CLO(s): 4

Wednesday Saturday Sunday Sunday Sunday Sunday




Professional Responsibilities Assurance, Attestation, and Other Forms of Services



Chapters 19, 20, 21 Lectures 1, 2, 3 Some lectures/activities may contain additional resources. See individual lectures/activities for those requirements.

4.5 hrs. 1.5 hrs.


Final Project: PowerPoint Presentation Final Exam (in McGraw-Hill Campus)

CLO(s): 1, 2, 3, 4, 5 CLO(s): 1, 2, 3, 4, 5

Sunday Sunday

10 hrs. 8 hrs.

Approximate Weekly Time on Task (includes resources and activities) 24 hrs. Approximate Time on Task for Entire Course 130.0 hrs.

Grading Structure Activity Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Total Introductory Discussion n/a n/a

Discussion 1 10 10 10 10 40 Discussion 2 10 10 20 Quiz 1 20 20 20 20 20 20 120

Quiz 2 20 20 20 20 20 20 120 Quiz 3 20 20 40 Homework 1 30 30 30 30 30 30 180 Homework 2 30 30 30 30 30 30 180 Homework 3 30 30 60 PowerPoint Presentation 100 100

Final Exam 100 100 Total 120 150 120 110 150 110 200 960 Activity Categories Percentage of

Total Points Discussion 9% Quizzes (in McGraw-Hill Campus) 29%

Homework (in McGraw-Hill Campus) 42%

Power Point Presentation 10% Final Exam (in McGraw-Hill Campus) 10%

Total 100%

Grading Scale Grade Percentage A 90-100% B 80-89% C 70-79% D 60-69% F <60% Please see the Course Policies document for grade appeal information.

Course Policies and University Services Course Policies Additional requirements for the course can be found in the Course Policies document. Please read the document and familiarize yourself with those policies to guide you through the course. FERPA The Family Educational Rights and Privacy Act (FERPA) protects student information. Other than directory information, such as name, address, phone number, etc., students must give consent for individuals to gain access to a student’s educational record, including grades, transcripts, and behavior reports (unless the student is under the age of 18). Students also have the right to review their educational records. For a more detailed explanation, please see the Student Handbook. Office for Student Accessibility Services Please refer to your Moodle Home page for Office for Student Accessibility Services contact information to coordinate reasonable accommodations for students with documented disabilities. Veterans

Please refer to your Moodle Home page for services for veterans, service members, and their families. Moodle and Non-Moodle Technical Support Blackboard Student Services will provide 24x7 Moodle helpdesk support for all Tiffin University students and faculty. Locate contact information for Blackboard Student Services (Moodle-related issues) and for Tiffin University ITS helpdesk (non-Moodle related issues) on your Moodle Home page.

This syllabus is subject to change at the discretion of the University.

Documents

ACC404 Syllabus Spring 2 2015