Analytical Review Using Audit Software

UNIVERSITY OF TEXAS AT DALLAS

Course Syllabus
Spring 2006

Instructor: Jeff Kromer, CPA, CISA, CBA, CFSA

Adjunct Professor

Course Number: MAS 6V09 501

Semester Hours: 3

Location: SOM 2.102 (Lecture) and SOM 2.711 (Computer Lab)

Time: Mondays and Wednesdays, 5:30-6:45 p.m.

Office Phone: (214) 360-4838

Email Address: jeff.kromer@guarantygroup.com
Internal Audit Program: http://som.utdallas.edu/eiap

Course Description:
This course will introduce students to the theory and tools used to leverage automated
auditing software, such as ACL and IDEA. It will include an analytical review of accounting
and operational data for Internal Auditors. The course includes hands-on use of audit
software and the development of an audit dashboard. The course will also explore ways to
leverage the enterprise technology and use available technology to monitor controls and
detect fraud.

Prerequisites:
• Business Process Design and Internal Audit (AIM 6380) or Auditing (AIM 6334) or
concurrent;
• Management Information Systems (MIS 3351); or
• Comparable undergraduate course work with an emphasis either in Audit or MIS.

Required Materials:
• IDEA 2004 Workbook – this includes the IDEA software we will be using in the class.
Copies are available from the instructor for $35.00.
• Computerized Auditing Using ACL – this includes the ACL software we will be using in
the class. Copies of this book are available in the UTD Bookstore and Off Campus Books
for approximately $50.00.
• Protiviti KnowledgeLeader - Each student will be given free access to this knowledge
system as part of the class. Information from the website will be used in lectures and
students should use as a research tool.
• Student membership in ISACA for $25 is recommended.

Course Objectives:
• Understand basic concepts in implementing and using audit software.
• Understand and apply several data analysis techniques including statistical sampling.
• Identify available sources of audit software.
 Analytical Review Using Audit Software
UNIVERSITY OF TEXAS AT DALLAS
Course Syllabus
Spring 2006

• Understand key considerations in developing computer-assisted audit tools and

techniques (CAATs).
• Utilize the Internet as a research and communication tool for audit software.
• Develop a working knowledge of selected audit software through hands-on application in
class and homework assignments.

Homework:
All assignments should be completed and turned in on time. Some assignments will require
you to prepare materials in PowerPoint and make a short presentation in class.

Attendance:
Notify the instructor in advance, if possible, if you cannot attend class. Class attendance is
extremely important since we will have guest speakers and many of the topics are unique to
the class discussion.

Communication:
We will make use of WebCT for class assignments. In addition, discussion in class is the
best way to learn as many of you bring varied backgrounds to class. We will allow time in
class for common questions of the group. In addition, students are encouraged to use the
WebCT Discussion Board to communicate among other students in the class. This is a very
good way for all to learn and get answers to questions quickly.

Handouts:
The course will have numerous handouts, which will be posted on webCT. These will be
used to stimulate class discussion. Numerous presentations will be used to compliment the
course with current material.

Grading:
Component Due Date Topic Point
s
Internet Research 01/31 Audit Software (TBD) 10
Case 1 02/14 IDEA 20
Case 2 03/21 ACL 20
Case 3 04/11 MS Excel 10
Case 4 04/25 MS Access 10
Final Project 12/05 UTD Internal Audit Project 30
Total Points 100
 Analytical Review Using Audit Software
UNIVERSITY OF TEXAS AT DALLAS
Course Syllabus
Spring 2006

Class Meeting Schedule

The class schedule is subject to change, based on the needs of the students. Students
come with specific backgrounds and company experience that we can expand upon in class.

W
e Pre-Class
e Reading Case
k Dates Topic / In-Class Activity Assignment Assignment
Audit Software Theory and Development
1 01/09 & 1/11 • Class Introduction Internet
• Introduction To Audit Software Research
01/16 Martin Luther King Day – NO CLASS
2 01/18 & 01/23 & • Analytical Review Techniques
1/25 • CAAT Development Methodology
IDEA Audit Software
3 01/30 & 02/01 • Internet Research Presentations IDEA Parts 1- Case 1 (IDEA)
• IDEA 1 3
4 02/06 & 02/08 IDEA 2 IDEA Part 4
5 02/13 & 02/15 IDEA 3 IDEA Part 5
6 02/20 & 02/22 • Guest Speaker – IDEA
• Case 1 Due
ACL Audit Software
7 02/27 & 03/01 ACL 1 ACL Chs. 1-3 Case 2 (ACL)
03/06 & 03/08 Spring Break – NO CLASS
8 03/13 & 03/15 ACL 2 ACL Ch. 4, 5
9 03/20 & 03/22 ACL 3 ACL Ch. 6, 8
10 03/27 & 03/29 • Guest Speaker – ACL Final Project
• Final Project Planning
• Case 2 Due
Microsoft Office & Other Tools
11 04/03 & 04/05 Excel Case 3 (Excel)
12 04/10 & 04/12 • Access 1 Case 4 (Access)
• Case 3 Due
13 04/17 & 04/19 Access 2
14 04/24 & 04/26 FINAL EXAM WEEK
• Various other tools
• Case 4 Due
15 05/01 FINAL Project Due
 Analytical Review Using Audit Software
UNIVERSITY OF TEXAS AT DALLAS
Course Syllabus
Spring 2006

Other Class Learning Opportunities:

• Many of the classes will be held in the computer lab for hands-on audit software training.
• We will also have guest speakers during the course.
• Students have the opportunity to attend local Information Systems Audit and Control
Association (ISACA) North Texas Chapter meetings at reduced rates. The meeting
schedule is detailed below.

ISACA North Texas Chapter Meetings and Calendar – www.isacantx.org

The ISACA North Texas Chapter meetings are recommended attendance and available at a
discounted rate of $10 for students. You need to register on their web site ahead of time to
attend these meetings.

Meetings This Semester:

Date Topic Speaker Location
Mark Loveless, BindView
01/12 Hacking the Friendly Skies CityPlace – Dallas
Corporation
02/09 Business Continuity To be determined CityPlace – Dallas
Privacy and the Challenge
03/09 Angie Faires, Radio Shack CityPlace – Dallas
of Compliance
Venkata Chandra, Deloitte;
04/13 IT Auditor's Toolkit CityPlace – Dallas
and Robert Lin, AAFES