TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
ACT 4498
Advanced Auditing
(Note for 2009-2010 title of course will change to Fraud Examination)
Prerequisites: ACT 4497.
Description
2008-2009 Catalog: Auditing theory and procedures as applied to transaction cycles,
revenue cycles, expenditure cycles, and cash balances. This course covers EDP auditing
as well as internal, operational, and governmental auditing.
2009-2010 Catalog: Auditing theory and procedures as applied to fraud prevention,
detection, and investigation.
Objectives
On completion of the course, the student should be able to:
1. Demonstrate an understanding of fraud, fraud prevention, and how fraud affects
individuals, consumers, and organizations.
2. Demonstrate an understanding of fraud detection and investigation with emphasis on
how those issues relate to accounting.
3. Demonstrate an understanding of detecting financial statement fraud and other
management fraud issues.
Purpose
To enhance and broaden previously learned concepts of auditing, especially as related to
fraud, fraud prevention and fraud detection.
Approved Texts
Wells, Joseph T. Principles of Fraud Examination, (current). Wiley.
Supplements (Optional)
AICPA (current). Codification of statements on auditing standards. New York, NY:
American Institute of Certified Public Accountants.
Any CPA Exam Review Manual and/or Software (current edition) for the Auditing and
Attestation section of the CPA exam and/or
Any CFE Exam Review Manual and/or Software (current edition) if available.
ACT 4498
Advanced Auditing
Course Outline
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Introduction
Skimming
Cash Larceny
Billing Schemes
Check Tampering
Payroll Schemes
Expense Reimbursement Schemes
Register Disbursement Schemes
Noncash Assets
Corruption
Accounting Principles and Fraud
Fraudulent Financial Statement Schemes
Interviewing Witnesses
Conducting Investigations and Writing Reports
Occupational Fraud and Abuse: The Big Picture