The University of Texas of the Permian Basin syllabus: accounting 6316. 540. 2165 – topics in auditing summer 2016 Instructor

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The University of Texas of the Permian Basin


Summer 2016
Instructor: Dr. Carol Sullivan, CPA, CFE
Office: 2236 Mesa
Class hours: Monday- Thursday 5:30 – 7:45 PM
Office hours: Monday – Thursday 4:00-5:00pm

Call or e-mail to set up other meeting times

Office Phone: 432-552-2179

Course Description: A conceptual approach to the auditing process, stressing the

interrelationships of objectives, standards, techniques, and

Course Prerequisites: 6 credit hours of intermediate accounting or equivalent.
Course Learning 1) Understanding of the current environment of the auditing

Objectives: profession in order to grasp the relevance of auditing

concepts and procedures

2) Ability to recognize problem issues in real-world case settings

3) Ability to research and apply auditing standards in case

settings to arrive at effective solutions to problem settings
Required Text: Any auditing textbook (for reference)

Contemporary Auditing, Real Issues and Cases, 10th Edition, Knapp, South-Western Cengage Learning

ISBN-13: 978-1-285-06672-1

ISBN-10: 1-285-06672-3

Grading: The course grade will be determined from the following items and their respective weights:
Class Leadership/Discussion 50

Quizzes 50

Case Research Project 50

Exams # 1 and #2 200

Comprehensive Final Exam 150

Total Possible Points 500

Students with 90% of the above points will be assigned an A, with 80% of the possible points will receive at least a B, students with 70% of the possible points will receive at least a C and students with 60% of the possible points will receive at least a D. Points accumulated below 60% will receive an F.
Class Leadership/Discussion:

This course is designed to be a seminar and thus requires the active participation of all enrolled students. Each class period we will discuss specific auditing cases. Students are expected to have read each assigned case and to be prepared to discuss the key concepts and issues raised by those cases. In addition, each student will lead the discussion for 5 cases and should be able to answer the set of questions at the end of each case.

Quizzes: Quizzes will be given to make sure that you have the basic knowledge of auditing as found on the CPA Auditing section exam.

Case Research Project:

You will be assigned to a team to research an interesting fraud case not found in the textbook. Your

research will be presented in a 10-15 minute PowerPoint presentation made to the class. Detailed

information will be found on the assignment packet distributed.


Exams will consist of short essay questions that demonstrate your understanding of the topics included in

the exam. Additionally, multiple choice questions will be similar to the quizzes.
Exams will cover assigned readings from the text and issues gleaned from class notes/discussions. There will be no makeup examinations given, unless specific arrangements have been made with the Instructor/College of Business & Engineering. Only in case of extenuating circumstances, alternate arrangements may be scheduled for those students by the Instructor, especially when the Instructor is informed well before the scheduled dates. Such makeup examinations, if any, will usually be scheduled about a day or two before the scheduled examination.
If a student must miss an examination because of a reasonable, documented reason (such as illness evidenced by a note from a doctor or a student health service, etc.), he/she must inform the Instructor no later than the day of the examination, or at the next earliest opportunity. This might enable the Instructor to make suitable arrangements (such as "re-weighting" other course requirements). Failure to inform the Instructor or the College of Business & Engineering (such as the Administrative Assistant, in room MB 2202, or by phone at 432-552-2170), may automatically result in a grade of zero for the examination in question. Please remember that the "comprehensive" final exam will cover the essence of previous chapters and will usually be used for missed exams.
EXTRA CREDIT: A total of 9 points (3 points for each activity) can be earned by: 1) participating in an Accounting function, 2) conducting an informational interview with either a CPA or CMA, and 3) “Bring a Guest” night for the presentations.
Attendance: Attending class is necessary for learning the content of this course. If you are absent, you are still expected

to meet all deadlines and take all tests as scheduled. E-mailed materials received on the due dates are

considered on time. If there are extraordinary circumstances that delay completion of work, it is the

student’s responsibility to communicate with the instructor ahead of any deadlines.

Class Participation: Students will be expected to respond in class as questions are directed and comments are invited. If you

have questions or work experiences to share which are related to the discussion, do not hesitate to

participate. In order to effectively be a part of class discussion, students are expected to read each case

thoroughly before the material is covered in class.

Policy on The integrity of a university degree depends on the integrity of the work done toward that degree by

Scholastic Dishonesty: each student. The University The integrity of a university degree depends on the integrity of the work done toward that degree and UTPB expects a student to maintain a high standard of individual honor in all scholastic work (Rules Regulations of the Board of Regents of UT System).
Scholastic dishonesty includes, but is not limited to cheating, plagiarism, collusion, submission for credit of any work or materials that are attributable in whole or in part to another person, any act designed to give unfair advantage to a student, or the attempt to commit such acts. Detailed information on scholastic dishonesty along with disciplinary procedures is outlined in the UT Permian Basin Handbook of Operating Procedures, Part 5, Section 1, and the Student Guide.
Student Classroom

Conduct: Classroom behavior should not interfere with the instructor’s ability to conduct the class or the ablility of other students to learn from the instructional program (Code of Student Life). Unacceptable or disruptive behavior will not be tolerated. Students engaging in unacceptable behavior may be instructed to leave the classroom. Inappropriate behavior may result in disciplinary action or referral to the University Behavioral Intervention Team. This prohibition applies to all instructional forums, including electronic, classroom, lab, discussion groups, field trips, etc.
Use of cell phones, including text messaging, is disruptive to the class and may result in the cell phone being removed and/or held by the instructor during class. Phones should be silenced during class. During exams, cell phones must be out of sight and turned off unless special arrangements are made in advance for emergency reasons.
Disability Any student who feels that he or she may require assistance for any type of physical or learning disability

Accommodations: should consult with me during the first week of class. To request academic accommodations for a disability

contact the PASS Office in the Mesa Building Room 1160 or call 432-552-2631. Students are required to

provide documentation of disability to the PASS Office prior to receiving accommodations.

Important Dates: First scheduled day of this class: June 6, 2016

Last day to drop without creating an academic record: June 9, 2015

Last day to drop or withdraw: June 24, 2015

Final Exam date: July 7, 2015

Tentative Schedule
June 6 Introductions, Professor’s Review of Comprehensive Cases, Organization of Case Leadership Assignments

7 Section 1: Comprehensive Cases

8 Quiz #1 (Engagement and Professional Responsibilities); Section 1: Comprehensive Cases (cont’d)

9 Section 2: Audits of High-Risk Accounts

13 Quiz #2 (Planning and Risk Assessment); Section 2: Audits of High-Risk Accounts (cont’d)

14 Section 3: Internal Control Issues

15 Quiz #3 (Internal Control); Section 4: Ethical Responsibilities of Accountants

16 Section 4: Ethical Responsibilities of Accountants (cont’d)

20 Exam #1 (Sections 1-4 and Responsibilities/Planning/ Risk Assessment/Internal Control)

21 Section 5: Ethical Responsibilities of Independent Auditors

22 Quiz #4 (Evidence)

23 Section 6: Professional Roles

27 Section 7: Professional Issues

28 Quiz #5 (Reporting)

29 Section 8: International Cases

25 Exam #2 (Sections 5-8 and Evidence/Reports)

29 Review exam and prepare for presentations

30 Presentations (“Bring a Guest Night”)

July 4th Holiday … please stay safe and enjoy!

July 5 Miscellaneous Auditing Topics and Governmental Audits
6 Comprehensive Final Exam

7 Semester Ends

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