COURSE SYLLABUS
ACCT 4173 -- Auditing
Spring 2011
NWOSU
DIVISION OF BUSINESS
Instructor:
Office Phone:
Email Address:
Gene Smith
575-749-7821
glsmith@nwosu.edu
Course prerequisites:
ACCT 3133 Intermediate Accounting II
Required materials:
Text: Auditing and Assurance Services, 13th edition, Arens, Elder and Beasley,
ISBN- 9780136084730
Blackboard:
This online course utilizes Blackboard extensively. Among the items available on Blackboard will be
announcements, homework assignments, multiple choice exercises, and solutions to problems.
Your email address:
The email address used by Blackboard is the one you gave the University. If you have changed email address, it
is your responsibility to notify the University. It is a requirement of this course that you utilize Blackboard and
the instructor can only email you, when necessary, if your current email address is registered with NWOSU.
Mission statement:
The Division of Business provides a quality, student-centered learning environment to prepare students to be
competent, ethical business professionals, entrepreneurs and leaders in the regional workplace and in the world.
The division accomplishes this by offering quality education delivered by qualified, involved faculty dedicated to
improvement processes in order to prepare our alumni to contribute to the intellectual and economic vitality of
regional stakeholders and beyond.
Ethics statement:
The Division of Business has adopted a Student Code of Ethics applicable to all students majoring, minoring or
taking courses offered by the Division of Business. The Student Code of Ethics may be found online at:
http://www.nwosu.edu/business-student-code-of-ethics. All students taking this class are governed by this code
of ethics. Likewise, the Division of Business has adopted a Faculty Code of Ethics. The Faculty Code of Ethics
can be found online at: http://www.nwosu.edu/business-faculty-code-of-ethics. All Division of Business faculty
are governed by this ethical code.
Course Objectives:
By the end of the semester, students should be able to:
1. Apply professional auditing principles and rules as prescribed by the AICPA and the SEC.
2. Define and describe audit terminology, sources of auditing principles, auditing techniques, audit tests and
other auditing issues and explain the role and purposes of auditing financial statements.
3. Demonstrate the fundamental auditing principles, standards, rules and concepts.
4. Apply course material to improve organizational problem solving, decision-making and rational thinking
skills.
5. Identify the basic sources of information on auditing.
6. Recognize potential audit issues and the means to deal with them.
Course Goals:
The primary goals of this course are to acquaint students with the theory behind and operations of a financial
audit conducted in accordance with Generally Accepted Auditing Standards and to prepare students for entry
level work in the field of auditing. The secondary goal is to provide general information and knowledge required
by students planning to sit for the CPA exam.
Time Commitment:
ACCT 4173 is an upper division course in your major. The time and effort required to successfully complete this
course are extensive. If you do not have at least 10 hours a week available to study for this course (read the
chapters twice, work problems at the end of the chapter, review notes, etc), you should consider adjusting your
schedule or taking the course at another time.
Assignments/Course Grade:
Your grade for this course will be based upon mastery of course concepts as demonstrated by successfully
completing chapter quizzes, chapter exercises and problems, current events writing assignments and exams.
For all writing assignments, check your grammar, punctuation, spelling, style, etc. I will look foremost for
content, but character and layout remain important. Especially, to the extent they hinder or aid a clear
presentation.
Skype:
If you are a Skype customer, I will conduct conversations with you via Skype. Send me a blackboard email
describing your questions, issues, et al and we will establish a mutually convenient time for the conversations.
Chapter Videos:
I offer my comments concerning each chapter, to supplement the material offered by the textbook authors, in a
series of videos. Each chapter video will approximate 10-15 minutes. Summarize your key-learnings concerning
each chapter video and submit the Word document to the assignments-video response link in blackboard and to
Turnitin (turnitin.com). The Turnitin enrollment password for the course is AudSp11 and the class ID is 3580684.
Your responses should be double-spaced and at least one page. The video response writing assignment is due by
11:55PM on the due date. Each assignment is worth 10 points. You will locate the videos on Blackboard at the
Videos link.
Chapter
1
2
3
4
6
7
8
Due Date
1/24/11
1/24/11
1/31/11
2/07/11
2/14/11
2/21/11
2/28/11
Chapter
9
10
13
14
16
23
24
Due Date
3/07/11
3/21/11
3/28/11
4/04/11
4/11/11
4/18/11
4/25/11
Multiple Choice Exercises:
Fourteen multiple-choice exercises are due during the semester. Each exercise consists of ten multiple-choice
questions. Fourteen percent (140 points) of your grade will be based on the fourteen multiple-choice exercises.
The multiple-choice exercises are available on Blackboard, the first day of the semester. You will locate the
multiple-choice questions in Assignments on Blackboard.
Chapter
1
2
3
4
6
7
8
Due Date
1/24/11
1/24/11
1/31/11
2/07/11
2/14/11
2/21/11
2/28/11
Chapter
9
10
13
14
16
23
24
Due Date
3/07/11
3/21/11
3/28/11
4/04/11
4/11/11
4/18/11
4/25/11
Review Questions and Problems:
The following exercises and problems are from your textbook. Work each exercise/problem in Excel and upload
the file to the appropriate link in Assignments on Blackboard.
Chapter
1
2
3
4
6
7
8
9
10
13
14
16
23
24
Due Date
1/24/11
1/24/11
1/31/11
2/07/11
2/14/11
2/21/11
2/28/11
3/07/11
3/21/11
3/28/11
4/04/11
4/11/11
4/18/11
4/25/11
Review Questions-2
Problems-15
points each
points each
1-5,1-8,1-13
1-16
2-6,2-9,2-14
2-19
3-5,3-15,3-20
3-28
4-5,4-10,4-17
4-21
6-7,6-12,6-18
6-25
7-3,7-7,7-20
7-34
8-6,8-19,8-23
8-28
9-6,9-9,9-20
9-25
10-23,10-26,10-29
10-37
13-7,13-8,13-13
13-26
14-9,14-12,14-20
14-25
16-2,16-5,16-15
16-23
23-4,23-8,23-16
23-20
24-4,24-17,24-18
24-26
Current Events Writing Assignments:
The profession of auditing is constantly changing. As students of auditing, you need to be cognizant of those
changes. During the semester, 10 writing assignments (each assignment is worth 10 points) are required. The
current events writing assignments will be submitted to Turnitin and the Blackboard link Assignments. The
Turnitin enrollment password for the course is AudSp11 and the class ID is 3580684. Your responses should be
double-spaced and at least one page. The specific writing assignment will be provided by Blackboard email at
least one week prior to the due date. The current events writing assignment is due by 11:55PM on the due date.
Writing
Assignment
1
2
3
4
5
6
7
8
9
10
Date
1/31/11
2/07/11
2/14/11
2/21/11
2/28/11
3/07/11
3/28/11
4/04/11
4/11/11
4/18/11
Internet Problems:
Each internet problem is worth 20 points or 6% of the available points during the semester. The specifics of each
problem can be found at the textbooks Pearson’s Companion Web Site:
(1) www.pearsonhighered.com/arens
(2) Companion Website
(3) Select chapter
Description
Internet Problem 1-1: Sarbanes-Oxley Act
Internet Problem 4-1: PCAOB Disciplinary Actions
Internet Problem 16-1: Revenue Recognition
Due Date
1/31/11
2/14/11
5/01/11
The internet problems will be submitted to Turnitin and the Blackboard link Assignments. The Turnitin
enrollment password for the course is AudSp11and the class ID is 3580684.
Cases:
The completed case analysi should be prepared in word or excel and submitted to Turnitin and the Blackboard
link Assignments. The Turnitin enrollment password for the course is AudSp11 . and the class ID is 3423313.
Case
Due Date
Points
4-30
2/28/11
50
6-31
3/07/11
50
7-40
3/28/11
50
10-42
4/04/11
50
14-33
4/18/11
66
Grading:
Your grade for the course will be based on the following schedule:
Points Final Grade:>900 points A
Chapter Videos -14 @ 10 points
140
800 points B
Multiple Choice Exercises – 14 @ 10 points
140
700 points C
Review Questions – 42 @ 2 points
84
600 points D
Chapter Problems – 14 @ 15 points
210
600 points F
Current Events Writing Assignments10 @ 10 points
100
Internet Problems – 3 @ 20 points
60
Cases
266
Total
1000
Assessment test:
You will be given two assessment tests which consist of key accounting concepts. One will
be at the beginning of the course and the second towards the end of the course. The purpose
of the assessment test is to measure the amount of learning by the class as a whole.
Special Students and Conditions:
Students with disabilities who require special testing, accommodations or other classroom modifications should
notify the course instructor. .
Statement on Academic Integrity:
Academic honesty is the foundation of the university community. Cheating, plagiarism, or other acts of academic
dishonesty compromise the integrity of the academic process and community and are subject to disciplinary
action. For this course, plagiarism or cheating on course assignments or exams will result in automatic failure
(final course grade of F).
Note:
The instructor particularly reserves the right to alter the grading structure to address any unforeseen
circumstances that might render it inappropriate.