School of Accountancy
Accounting 550 – Advanced Topics in Auditing
Instructor:
Ed Doyle, CPA, CIA, CISA, MBA
Phone:
(630) 408-2063 - Cell
Email:
edoyle.67@me.com
Twitter:
@WQ2015ACC550
Web Page:
http://oll.depaul.edu
Office Hours
:
Required Text :
information
By appointment
Please consult the bookstore website for the most recent edition ISBN
Principles of Auditing and Other Assurance Services, Whittington & Pany
Irwin McGraw Hill
Course Objectives
The class will build on the audit principles learned in Audit I with an emphasis on the
implementation and application of generally accepted auditing standards, and the practical
application of the standards, within the context of accounting transaction cycles. This replicates
the process in which audits are conducted by public accounting firms and presents specific
accounting transaction cycle information that is routinely tested on standardized exams such as
the CPA and CIA exams.
Teaching Methods
This course will place significant importance on specific technical language and terminology, as
presented in the textbook, and the student’s ability to apply that language and terminology to inclass presentations, class discussions and exams.
The lectures in the class will provide a description of why audits are conducted, while the
textbook will provide a description of how audits of the various accounting transaction cycle are
conducted. It is critical to combine an understanding of both perspectives for purposes of the
midterm and final and for those of you planning on taking a standardized exam in the future.
This course will include podcast lectures, class discussions and in-class case
presentations.
Students are required to enroll in the D2L course site. If you have not previously enrolled in D2L,
you will need to create an account. All course materials, including slides, homework solutions,
and supplemental materials will be available on the D2L course site.
The student’s responsibility is to read all material prior to the lecture/discussion and complete
problem assignments prior to review in the class. It will be a significant benefit to students to read
chapters in advance of presentations. You are encouraged to ask questions and make
comments during the course of lecture
Exams
Please note that this course makes use of online exams.
Remote Proctor Now (RPN) software will be used to ensure the integrity of the midterm and final
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exams. The midterm and final exams will not be available to students unless the RPN software is
used. RPN works with a web-camera and microphone either built-in or attached to the computer
(the computer you use must have a camera). These devices identify the student and capture
video and audio throughout the exam. This video and audio will be used for the purpose of
establishing if any violations of the Code of Conduct occurred during the test.
If Code of Conduct violations are determined, the student will be referred to the Academic
Integrity Board. http://academicintegrity.depaul.edu/
There is a student demo available here: http://www.screencast.com/t/dJM4WfTRl.
Attendance
Attendance is strongly encouraged. As described above, the lectures in the class will provide
a description of why audits are conducted, while the textbook will provide a description of how
audits of the various accounting transaction cycle are conducted.
Group Case Assignment
During the course of the quarter, Group Case studies will be presented to the class.
The purpose of the case presentations is to generate discussion of important issues in the text.
Specific format and requirements of the case will be provided to each group one week prior to
their presentation.
Presentations will be evaluated on use of specific audit technical language and other criteria that
will be provided to you.
In addition, each team member will be asked to evaluate the contribution of the other team
members.
Code of Conduct
Students are expected to observe the School of Accountancy & MIS Code of Conduct, which can
be found on the University’s website.
Grading:
Course grades will be based on the following weights
Midterm exam
Final exam
Case Studies
Total
45%
45%
10%
100%
Grade Scale
93% A
90% A87% B+
83% B
80% B77% C+
73% C
70% C60% D
59% F
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Course Schedule
DATE
Topic
Reading Assignment
January 6
Audit Sampling
Chapter 9
1-4,9,12,19,20,30-32,37
January 13
Revenue Cycle
Chapter 10
11,12,13,16,17,18,21,25,33,35,37
January 20
Revenue Cycle
Chapter 11
4,8,9,14,16,17,19,27,28,36
January 27
Expenditure Cycle
Chapter 14
5,7,9,15,17,22,23,26,34
February 3
February 10
Midterm
Conversion Cycle
Chapter 12
6,7,8,9,11,13,25,31,34
Operational and
Compliance Auditing
Debt and Equity
Capital
Chapter 21
1,2,7,9,11,12,13,16,41
Chapter 15
3,5,6,7,15,16,32
Property, Plant and
Equipment
Internal Control in an IT
Environment
Chapter 13
5,6,7,8,9,15,17,19,32,33
Chapter 8
1,2,12,14,20,30
February 17
February 24
March 3
March 10
March 17
Discussion
Problems/Case
Studies
Final Exam
Note: Dates for lecture topics and homework assignments are tentative and may be changed.
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