BROCK UNIVERSITY
FACULTY OF BUSINESS
DEPARTMENT OF ACCOUNTING
ACTG 3P11, Winter 2012
Introduction to Auditing
Instructors: Ian L. Adamson
Office: TA 217
E-mail: iadamson@brocku.ca
Sangeeta Hollo
TA 218
shollo@brocku.ca
COURSE OBJECTIVES:
This is an introductory course in auditing and in the auditing profession. The objective is to
introduce students to the theory of auditing and to its application in the business world from the
point of view of both internal and external auditors. The course begins with an examination of the
principles and theory that underlie the practice of auditing, and will then review the ethical and
professional responsibilities of auditors. The legal environment within the auditor must practice and
exercise their professional judgement is then studied. The course concludes by an examination of
the nature, extent, and timing of auditing procedures.
TEXT:
Arens, Elder, Beasley, & Splettstoesser-Hogeterp. Auditing: The Art and Science of Assurance
Engagements, Canadian Eleventh Edition. ISBN 978-0-13-505467-3.
CLASS TIMES:
Section 1 (I. Adamson):
Section 2 (I. Adamson):
Section 3 (I. Adamson):
Section 4 (S. Hollo):
Tue, Fri
Wed
Fri
Mon, Wed
Tue
Fri
1530 - 1700
1400 – 1530
1230 - 1400
0930 - 1100
1230 – 1400
0800 – 0930
TA 309
TA 405
TA 405
TA 403
TA 405
TA 405
DISTRIBUTIONS OF GRADES:
In-class quizzes (four)
Last Quiz
Mid - Term 1
Mid - Term 2
Final (Multiple Choice)
20%
5%
20%
20%
35%
You can download the course notes, in PowerPoint format from:
http://spartan.ac.brocku.ca/~iadamson
COURSE OUTLINE:
Week 1,2
Section 1: The Profession, & the Standard Audit Report
1,2
Week 2,3
Section 2: Professional Relationships & Ethics
3
Week 4,5
Section 3: Legal liability, Corporate Governance
4,22
Week 6
Section 4: Audit Responsibilities and Objectives
5
Week 7,8
Section 5: Audit Evidence
6
Week 8,9
Section 6: Client Risk & Documentation
8
Week 10
Section 7: Analytical Procedures
-
Week 11
Section 8: Materiality and Risk
7
Week 12
Section 9: Internal Control
9
Week
Month
1
Jan
Schedule of Quizzes, Exams
Quizzes
Week of
Class 1 Class 2
9
2
16
3
23
4
30
5
Feb
6
27
Mar
12
10
19
11
26
12
Apr
Exam 1
READING WEEK
Q3
5
9
12
Q2
6
20
8
Q1
13
7
Mid-Terms
2
9
Q4
Exam 2
Q5
Monday 9th - Week 12 Friday Class
Note: These are approximate
Quiz one covers section 1.
Quiz two covers sections 2 and 3.
Quiz 3 covers sections 4 and 5.
Quiz 4 covers sections 6 and 7.
Quiz 5 covers sections 8 and 9.
Note: These are approximate
Exam one covers chapters 1 to part of 4.
Exam two covers chapters 5,6, 7 and 8.
The Final Exam covers the whole course. 100 multiple choice questions.
ACADEMIC MISCONDUCT
Students should note that copying, plagiarizing, crib notes or other forms of academic misconduct
will not be tolerated. Any student caught engaging in such activities will be subject to academic
discipline ranging from a mark of zero on the assignment or test/examination to dismissal. Brock's
current regulations governing academic misconduct (definitions, procedures, penalties and appeals)
are set out at: http://www.brocku.ca/secretariat/handbook/fhb3/15.html#15. Any student abetting or
otherwise assisting in such misconduct also will be subject to academic penalties. If in doubt about
whether some action constitutes academic misconduct, ask your instructor first or DON’T DO IT!