PLYMOUTH STATE UNIVERSITY
College of Business Administration
BU-5620.OL: AUDITING PERSPECTIVES
WINTER 2013
ONLINE: December 3, 2012 – February 22, 2013
PLEASE SEE THE TEXT INFORMATION BELOW AND TRY TO PURCHASE YOUR
TEXTS AS SOON AS POSSIBLE TO AVOID DELAY IN STARTING THE COURSE. THE
BOOKS ARE AVAILABLE ON AMAZON.COM AND HALF.COM AT LOW PRICES!
Professor: Yvette J. Lazdowski, DBA, CMA, CFM
Office Phone: (603) 535-2524
E-mail: yjlazdowski@plymouth.edu THIS IS THE BEST WAY TO REACH ME AND I CHECK IT OFTEN.
I.
Course Description
This course is a study of the underlying theory of auditing, including standards and
procedures, professional ethics, and the role of the auditor in performing services and
reporting the results of those services. A review of fraud cases is also included.
II.
Course Objectives
To provide the student with:
a) An understanding of auditing theory, auditing standards and procedures, risk
assessment, internal control, audit evidence, and audit reports.
b) An understanding of professional ethics, recognition of its violations, and the impact
of the Sarbanes-Oxley Act of 2002.
c) The ability to analyze auditing and fraud cases and to communicate the case issues.
III. Required Texts and Materials
TEXT #1: Auditing & Assurance Services, 4TH edition, by Louwers, Ramsay, Sinason,
Strawser, and Thibodeau, McGraw-Hill, ISBN 978-0-07-7396572. This book is approximately
$15-17 (used) on Amazon. The price can help identify the correct book/edition.
TEXT #2: Contemporary Auditing Real Issues & Cases, Updated 7th edition, by Michael
Knapp, Southwestern-Cengage, ISBN 978-1-439-07819-8. This book is approximately
$4-5 (used) on Amazon. The price can help identify the correct book/edition.
Gleim Professor-Led Auditing & Attestation Online Course: See link and purchase
information at end of syllabus. This product will be used in a selective manner during
the course, meaning it will not be used in its entirety or full depth for course credit.
Students may elect to use the product to help them prepare for the Auditing portion of
the CPA examination. Please see purchase information at the link (cost is $99.95).
IV.
Academic Integrity/ADA Statement
The PSU Academic Integrity Policy will be strictly adhered to. Please review the policy
at this link: http://www.plymouth.edu/registrar/policies/academic_standing.html.
Plymouth State University is committed to providing students with documented
disabilities equal access to all university programs and facilities. If you think you have a
disability requiring accommodations, you should immediately contact the PASS Office in
Lamson Library (535-2270) to determine whether you are eligible for such
accommodations. Academic accommodations will only be considered for students who
have registered with the PASS Office. If you have a Letter of Accommodation for this
course from the PASS Office, please provide the instructor with that information
privately so that you and the instructor can review those accommodations.
V.
Online Format and Course Structure
We will be using Moodle for all class assignments, links, lectures, discussions,
powerpoints, etc. Each week will begin on a Monday morning and conclude at midnight
on the following Sunday (except for our last week, which ends on Friday, February 22,
2013). Please login to Moodle and click on each week’s assignments and follow the given
instructions. You may wish to print off the assignment page and check off each item as
you complete it. Please make sure you can access your PSU e-mail address and carefully
monitor it for our communications.
There is no specific time when students need to “attend” class. From past experience,
virtual office hours tend to be poorly attended due to everyone’s busy schedules and
unexpected events. Thus, e-mail has proven the best communication tool and I encourage
students to send any questions or comments. The discussion forum is also very effective
for students to share homework concerns and other course issues. PLEASE NOTE: Exams
are not to be discussed between students or on the discussion forum. There is no
requirement to use the discussion forum, which is unlike previous courses you may have
taken with me (Accounting for Managers or Budget and Fund Accounting). Rather, the
discussion forum is provided for students to discuss course topics as they wish (no
discussion of exams, please). There are no points awarded for using the discussion forum,
again it is only for the convenience of sharing course topics with other students registered
in the course.
VI.
Grading
There will be quizzes for each study unit assigned in the Gleim online course. The quiz
grades will not count, but simply completing them will award the 13 course points. The quiz
content will be helpful when you take the final exam. Instead of a mid-term exam, each
student will prepare an assigned, individual fraud case powerpoint presentation from the
Contemporary Auditing Real Issues & Cases text. I will post each student’s reviewed case on
Moodle to share with the class. The final exam will be e-mailed to you and due back as
shown on the following schedule. The PSU academic integrity policy does not allow anyone
to work together on exams and anyone who violates this policy will be subject to penalties
such as assignment/course failure. The grading structure is as follows:
Quizzes (in Gleim)
Homework assignments
Final Exam
Fraud Case Presentation
Qualitative points
Total
13%
13%
35%
25%
14%
100%
(one point for each quiz)
(one point for each chapter’s multiple choice)
(35% x exam score)
(25% x fraud case grade)
(14 points awarded for class participation)
VII.
Session Outline
Please login to Moodle and click on each week for precise assignments. The following list provides
only the chapters and topics that will be covered each week. The assignments may include chapter
reading, powerpoints, case reading, and multiple choice questions. Do not be overwhelmed by the
amount of items shown below, as many of the chapter readings will be limited to certain pages of
each chapter. Case assignments only include reading of the case, not answering the questions at the
end of the case (except for the one case each student is individually assigned to present). The Gleim
multiple choice quizzes contain 20 questions each, and the student will be asked to use the succinct
Summary of Core Concepts instead of the longer Knowledge Transfer format. Specific instructions on
the following assignments will be given the first week of class.
WEEK
DATES
SOURCE
TOPIC
1
12/3 – 12/9
Louwers
Knapp
Gleim
Chap. 1: Auditing and Assurance
Case 1.8: Crazy Eddie, Inc.
Study Unit 1: Engagement Responsibilities
2
12/10 – 12/16
Louwers
Louwers
Knapp
Gleim
Module B: Professional Ethics
Chapter 2: Professional Standards
Case 4.3: Suzette Washington, Acct Major
Study Unit 2: Professional Responsibilities
3
12/17 – 12/23
Louwers
Knapp
Gleim
Gleim
Chapter 3: Management Fraud & Audit Risk
Case 2.1: Jack Greenberg, Inc.
Study Unit 3: Risk Assessment
Study Unit 8: Responses to Assessed Risks
HOLIDAY BREAK
4
1/7 – 1/13
Louwers
Moodle
Knapp
Gleim
Chapter 4: Engagement Planning
Sarbanes-Oxley Act of 2002
Case 5.5: Koger Properties, Inc.
Study Unit 4: Strategic Planning Issues
5
1/14 – 1/20
Louwers
Knapp
Gleim
Gleim
Chapter 5: Internal Control Evaluation
Case 3.5: Goodner Brothers, Inc.
Study Unit 5: Internal Control Concepts & IT
Study Unit 9: Internal Control Comm. & Rpts.
6
1/21 – 1/27
Louwers
Louwers
Knapp
Gleim
Chapter 6: Employee Fraud & Audit of Cash
Module E: Overview of Sampling
Case 3.2: Howard Street Jewelers, Inc.
Study Unit 10: Evidence—Objectives & Nature
7
1/28 – 2/3
Louwers
Louwers
Knapp
Gleim
Chapter 7: Revenue & the Collection Cycle
Chapter 8: Acquisition & Expenditure Cycle
Case 2.4: CapitalBanc Corporation
Study Unit 11: Evidence—the Sales, Receivable,
and Cash Cycle
Study Unit 12: Evidence—Purchasing, Payables,
and Inventory Cycle
Gleim
WEEK
DATES
SOURCE
TOPIC
8
2/4 – 2/10
Louwers
Knapp
Knapp
Module C: Legal Liabilities
Case 1.4: Health Management, Inc.
Case 1.1: Enron Corporation
9
2/11 – 2/17
Louwers
Knapp
Gleim
Chapter 11: Completing the Audit
Case 1.9: ZZZZ Best Company, Inc.
Study Unit 14: Evidence—Key Considerations
10
2/18 – 2/22
Louwers
Gleim
Gleim
Chapter 12: Reports on Audited Financial Stmts.
Study Unit 16: Reports—Opinions & Disclaimers
Study Unit 17: Reports—Other Modifications
FINAL EXAM issued 2/20/13 and due 2/24/13 by 11:59pm (cumulative)
GLEIM LINK INFORMATION:
Dear Plymouth State University Student,
I hope this email finds you well. You will use the Gleim Professor-Led Auditing & Attestation
Online Course in your BU 5620.OL class for the 2013 Graduate Winter term.
To obtain access to the Gleim Professor-Led Auditing & Attestation Online Course and have
your instructor track your progress, click the link below. The link below is key! It tells us what
class you're in so your instructor can monitor your progress. If you order the product on the
Gleim website without using this link then you will not receive credit for your work.
https://www.gleim.com?promoID=BU5620_PLED
You will be taken to the Gleim website where you will create your account. Once created, you
will be taken to the shopping cart with the correct item listed at $99.95. Complete the check out
process following the on-screen instructions.
Contact me with any questions regarding access to the course. Enjoy your day!
Justin
-Justin Widerman
Professor Relations Coordinator
justin.widerman@gleim.com
Gleim Publications, Inc.
4201 NW 95th Blvd
Gainesville, FL 32606
800.874.5346 Ext.420
FAX - 352.375.6940
Hours:Mon-Fri 8am-7pm
Please visit our home page: www.gleim.com