5:30 p.m. - 6:50 p.m.
General Learning Goals:
Problem solving and decision-making abilities through critical analysis, evaluation, and
interpretation of auditing problems. During class, students will be instructed on the problem
solving and critical thinking skills needed by an auditor. Students will practice these skills in
homework problems and the Integrated Audit Practice Case. The Integrated Audit Practice Audit
Case will be graded. Also, exams that demonstrate the use of these abilities will be graded.
Course Specific Learning Goals:
Successful auditors must have a good knowledge of generally accepted accounting
principles, the audit process, and auditing standards. Your previous accounting courses
should have provided you with a good knowledge of generally accepted accounting
principles. Yet, knowledge alone is not sufficient to become a successful auditor. An auditor
must be able to exercise professional judgment. My goals for this course are to develop an
environment that will maximize your understanding of the audit process and the rules of
auditing and to begin to develop your ability to exercise professional judgment.
Auditing, unlike most other accounting courses, does not rely heavily on number crunching.
Yet, auditing tends to be a very difficult class for students who do not have practical auditing
experience. The best way that I know to help you to begin to understand the audit process is
to have you perform audit procedures. Therefore, you will complete the Integrated Audit
Practice Case, which simulates certain parts of the audit process.
At the end of the semester, you should:
• Understand and be able to use auditing terminology;
• Have a comprehensive knowledge of the types of audit reports that exist and when they
should be used;
• Have a basic understanding of audits of internal control;
• Understand the steps in the audit process from planning the audit to assessing internal
control to developing and completing an audit program;
• Understand basic auditing concepts including audit sampling and the accumulation of
• Understand how to collect, document, and interpret audit evidence; and
• Understand the steps and documentation necessary to complete an audit engagement.
Grading and Evaluation:
The following exams and assignments provide a student the opportunity to earn the following
number of points:
Exam #1 100
Exam #2 100
Exam #3 100
Comprehensive Final Exam 100
Integrated Audit Practice Case 100
Total Points 500
Your score in this class will be based on the points you earn out of the maximum 500 points.
Minimum letter grades for this course will be assigned according to the table below.
Each chapter has a set of “Multiple Choice Questions.” You should review all of the multiple
choice questions assigned from each chapter because some of these questions may appear on
the examinations. The exams likely will include both objective and subjective questions and
The final exam is comprehensive. Please note the time for the final exam.
Integrated Audit Practice Case
The Integrated Audit Practice Case simulates the steps that an auditor has to take when
conducting an audit. The case will be graded for completeness and correctness. The steps
necessary to complete the case will be discussed in class.
Missed Examination Policy
Only students with authorized absences (see University Class Attendance Policy) may make up
missed examinations. Any student who does not take these exams on the scheduled date MUST
meet the following criteria in order to be able to make up the examination:
• you MUST have discussed the scheduling problem with me BEFORE the scheduled exam
• you MUST follow up this discussion with an e-mail that confirms our agreement BEFORE the
scheduled exam time slot
Note that the make-up examination will not be the same exam as the one given during the
regularly scheduled examination, and will not be graded on a curve.
Incomplete Grade Policy
A grade of "incomplete" is given only in the case of emergencies, and complete documentation
for the situation is required. The grade of “incomplete” is not given so that students who are
doing poorly may get a second chance at the course. The rare case of an incomplete will be
handled with a comprehensive make-up examination different than the final given to the class,
and will be graded on a different scale. This comprehensive make-up exam must be completed
within 30 days of the beginning of the next semester.
Regular attendance is expected and roll will be taken. A seating chart will be used to note your
presence in class, and students with more than 3 unauthorized absences will be dropped from
the course and receive a grade of WF. (Please refer to pages 39 and 40 of the 2009-2010 MSU
Student Handbook for Class Attendance Policy and Authorized Absences and also to pages 77
and 78 of the 2010-2012 Undergraduate Catalog for a discussion on Authorized Absences.)
Each meeting of the class will run as scheduled. So as not to disturb the class, you are not to walk in
and out of the classroom during the class hour except for an emergency.
Extra Credit Policy
There are no opportunities for extra credit in this class, so please do your best on all exams.
Class will be conducted in a business-like fashion. You should arrive on time and not leave the class
early unless you have been granted permission by the professor prior to class. No food or drinks are
allowed in the classroom. Cell phones must be turned off during class. This means that text
messaging and talking on a cell phone are not allowed.
C. Class Organization
Classes will be conducted as a combination of lectures, problem solving, and class discussions.
You are expected to attend class, to have read the assigned materials and be ready to discuss
the assigned homework. I also expect you to be active learners in this class. I will ask questions
and will randomly call on students to answer them.
PowerPoint slide handouts will be prepared for each chapter. Students are responsible for
printing out these handouts and bringing them to class each day. Failure to bring these notetaking
handouts will seriously affect your in-class learning as you won’t have the information to
work the problems we do in class together.
I may occasionally send emails to the entire class. These may include help or suggestions on
problems. You may also send me particularly good questions or observations that I will forward
to all class members. Therefore, you should check your email regularly.
Syllabus Change Policy:
This syllabus is a general outline of material covered, learning goals, grading procedures and
student performance requirements. Material covered, dates of tests, and percent of total grade
will vary as necessitated by the pace material is covered and any unforeseen class interruptions
such as weather cancelations, guest lectures, or instructor illness.
This syllabus is a guide for the course and is subject to change.