Southern State Community College
Curriculum Committee – October, 2015
ACCT 2221 – Auditing
Page 1 of 4
I.
COURSE TITLE:
Auditing
COURSE NUMBER: 2221
II.
PREREQUISITE:
III.
CREDIT HOURS: 3
LABORATORY HOURS: 0
IV.
COURSE DESCRIPTION:
CATALOG PREFIX:
ACCT
ACCT 1105 or ACCT 1102
LECTURE HOURS: 3
OBSERVATION HOURS: 0
This course will provide a sweeping overview of auditing. Special attention will be
given to the nature and economic purpose of audits, auditing standards, professional
ethics, auditor's legal liability, the study and evaluation of internal control, the nature of
audit evidence, forensic auditing and auditing technique.
V.
GRADING
A= 90- 100
B = 80-89
C = 70-79
D = 60-69
F = 0 - 59
VI. ADOPTED TEXT(S) :
Principles of Auditing & Assurance Services with ACL Software CD, (MP Looseleaf)
18th Edition
McGraw-Hill
Ray Whittington and Kurt Pany
ISBN: 0-07-748731-1
ADDITIONAL REQUIREMENTS:
As required by Instructor
VII.
COURSE OBJECTIVES:
At the completion of this course, the student will exhibit the following knowledge and
competency skills:
Southern State Community College
Curriculum Committee – October, 2015
ACCT 2221 – Auditing
Page 2 of 4
1.
2.
3.
4.
5.
understand the role of and auditor in the American economy.
interpret and more fully understand the professional ethics and legal liability of
auditors.
plan and conduct an audit process.
knowledge of the basic skills and tools available to an auditor
demonstrate an understanding of international audit standards
VIII. COURSE METHODOLOGY:
The use of lecture and exercises will be used to teach students the introductory concepts.
May include but not limited to: lecture, independent and group projects, in-class and athome assignments, tests and quizzes.
IX.
SUGGESTED COURSE OUTLINE:
Week
1
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
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15.
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X.
Class Assignments
The Role of the Public Accountant in the American Economy
Professional Standards and Ethics and Legal Liability of CPAs
Audit Evidence and Documentation
Planning the Audit; Linking Audit Procedures to Risk
Internal Control
Audit Sampling
Cash and Financial Investments
Accounts Receivable, Notes Receivable, and Revenue
Inventories and Cost of Goods Sold
Property, Plant, and Equipment: Depreciation and Depletion
Accounts Payable and Other Liabilities
Debt and Equity Capital
Auditing Operations and Completing the Audit and the Auditors’ Report
Internal, Operational, and Compliance Auditing
Forensic Accounting
Final Exam
OTHER OPTIONAL BOOKS AND MATERIALS:
At the discretion of the instructor
Southern State Community College
Curriculum Committee – October, 2015
ACCT 2221 – Auditing
Page 3 of 4
XI.
EVALUATION:
Knowledge of content is evaluated by written tests, assignments, and work projects per
instructor. Class participation will be evaluated by the student’s ability to contribute to
class discussion.
Sample Grading Scale:
Mid-term Examinations
Final Examination
Project
Attendance and Participation
Total Points
XII.
30%
40%
10%
20%
100%
SPECIFIC MANAGEMENT REQUIREMENTS:
Attendance Policy
To meet the objectives of Auditing, students must attend all scheduled classes. If a
student must miss class due to extenuating circumstances, the student is expected inform
the instructor by either talking with the instructor, e-mail, or leaving a message should the
instructor not be available.
If you wish to drop the course, you must take positive action. Do not assume that the
Instructor will automatically drop you if you stop attending class.
Instructor and Student Responsibilities and Academic Dishonesty
Students are required to submit only their own original work with proper citation of third
party sources quoted in that work, this includes the team papers; it must be original work
produced by the team. The College’s Plagiarism Checker includes a database of all past
papers submitted by SSCC students. Submission of copied or purchased assignments is
likely to be caught by Turnitin and the resulting sanctions under the Code of Conduct can
include a failing course grade, suspension, or expulsion from the College.
XIII. OTHER INFORMATION
CLASSROOM CONDUCT: Civility in the classroom is very important. As
professionals, we expect students to conduct themselves in a courteous and respectful
manner. Disruptive, rude, sarcastic, obscene or disrespectful speech or behavior have a
negative impact on everyone, and will not be tolerated. Students need to remember that
Southern State Community College
Curriculum Committee – October, 2015
ACCT 2221 – Auditing
Page 4 of 4
the online discussion boards and chat rooms in the online courses are considered
classrooms and the same rules apply. Students will use these tools in the online classroom
for information that pertains to the class; it is not to be used for personal exchanges of a
social nature. If you engage in any such conduct you will be asked to leave and you will
receive a “zero” for any work completed that day. The instructor reserves the right to
permanently remove a student from the class for inappropriate conduct after consultation
with the Department Coordinator and Academic Dean.
FERPA: Students need to understand that your work may be seen by others. Others
may see your work when being distributed, during group project work, or if it is chosen
for demonstration purposes. Other instructors may also see your work during the
evaluation/feedback process.
DISABILITIES: Students with disabilities may contact the Disabilities Service Office,
Central Campus, at 800-628-7722 or 937-393-3431.
Knowledge, Skills and Abilities Enhanced
At the completion of this course, the student can expect to see personal growth in the following
skill areas that relate directly to the accounting profession.

Active Listening — Giving full attention to what other people are saying, taking time
to understand the points being made, asking questions as appropriate, and not
interrupting at inappropriate times.

Reading Comprehension — Understanding written sentences and paragraphs in work
related documents.

Speaking — Talking to others to convey information effectively.

Critical Thinking — Using logic and reasoning to identify the strengths and
weaknesses of alternative solutions, conclusions or approaches to problems.

Mathematics — Using mathematics to solve basic accounting problems.

Monitoring — Monitoring/Assessing performance of yourself, other individuals, or
organizations to make improvements or take corrective action.