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Course Information Course Number/Section Course Title Term Days & Times ACCT 4334/001 Auditing Fall 2011 Monday/Wednesdays 1:00-2:15 p.m.
Professor Contact Information Professor Chris Linsteadt, CPA, CIA, MBA, MS Office Phone 972-883-5948 Email Address chris.linsteadt@utdallas.edu Office Location SOM 4.224 Office Hours Monday/Wednesdays 12:00-1:00 p.m. and by appointment Other Information Please check with me to make sure that I will be in my office before you make a trip to the campus. My office hours are variable, so an appointment is advisable. We will be using ELearning this semester as our main form of class communication. Please check ELearning weekly for updates, presentation materials, handouts and assignments.
Course Pre-requisites, Co-requisites, and/or Other Restrictions ACCT 3331-Intermediate Financial Accounting I
Course Description This course introduces the basic concepts, philosophy, standards, procedures, and practices of auditing. Topics include generally accepted auditing standards, the changing role of the independent auditor, professional conduct and ethics, auditors reporting responsibilities, risk assessment, internal control, evidential matter and management fraud.
*Video and Audio recording during class is not permitted without prior approval.
Course Syllabus
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Student Learning Objectives/Outcomes This course has three primary learning objectives: Learning Goals/Objectives
Develop an understanding of auditing and assurance services: Develop an understanding of the professional and ethical responsibilities in auditing. Develop an understanding of an auditors reporting obligations and responsibilities.
Learning Outcome/Assessment
Selected Readings, assignment questions, exam questions, case analysis. Case Analysis, assignment questions, exam questions. Case Analysis, assignment questions, exam questions.
Required Textbooks and Materials Textbook: Auditing and Assurance Services, 4th Edition, McGraw-Hill Irwin, by Louwers, Ramsay, Sinason, Strawser and Thibodeau
Course Syllabus
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WK
DAY
DATE
TOPIC
CHAPTER / MODULE
CASE
1 2
W M W M W M W M W M W M W M W M W
08/24/11 08/29/11 08/31/11 09/05/11 09/07/11 09/12/11 09/14/11 09/19/11 09/21/11 09/26/11 09/28/11 10/03/11 10/05/11 10/10/11 10/12/11 10/17/11 10/19/11
Course Introduction Auditing and Assurance Services Auditing and Assurance Services HOLIDAY-NO CLASS Professional Standards Management Fraud & Audit Risk Management Fraud & Audit Risk ENRON VIDEO & EXAM REVIEW EXAMINATION I Engagement Planning Engagement Planning Internal Control Evaluation Assurance and Other Services
WORLDCOM VIDEO & EXAM REVIEW
1 1
2 3 3
4 4 5 A 4.55 p. 153
EXAMINATION II Overview of Sampling Employee Fraud and the Audit of Cash Employee Fraud and The Audit of Cash Revenue and Collection Cycle E 6
10
M W
10/24/11 10/26/11
6 7 6.46 p.247
11
M W M W M W M W M W M
10/31/11 11/02/11 11/07/11 11/09/11 11/14/11 11/16/11 11/21/11 11/23/11 11/28/11 11/30/11 12/05/11
Revenue and Collection Cycle Acquisition and Expenditure Cycle EXAM REVIEW EXAMINATION III Completing the Audit Completing the Audit VIDEO ZZZZ BEST CARPET Reports on Audited Financial Stmts. Reports on Audited Financial Stmts Exam Prep EXAMINATION IV
7 8
12
13
11 11
7.60 p. 297
14
12 12
16
17
Course Syllabus
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There will be four examinations in this course. These examinations are not cumulative, and the format of each exam will be multiple choice. You will need an 882 Scantron for each exam.
Case Assignments:
You will be assigned three cases from selected chapters. Each case is valued at 25 points. The case assignments will be graded on clarity of thought process, grammar, spelling and technical content. All assignments must be typed and must use Standard English with correct grammar and punctuation. The case assignments are due at the beginning of class. NO EXCEPTIONS. If for any reason, you are unable to attend class on the day a case assignment is due, assignments will be accepted by email (preferably attached as a MS Word or Excel File) as long as the case arrives before 1:00 p.m. on the due date. Do not email case assignments unless you are unable to attend class.
Grades:
Your final grade in this course will be determined as follows: Examination 1 Examination 2 Examination 3 Examination 4 Assigned Cases TOTAL 100 points 100 points 100 points 100 points 75 points 475 points
Translation of the total score into a letter grade will be based on the instructors judgment. The letter grade will reflect each students performance relative to the class and standards expected of undergraduate students. Each exam is equally weighted and the course grade is determined based on a straight scale. The straight scale is follows: 100-90% A 89-80% B 79-70% C 69%-60 % D 59%-0 F
Course & Instructor Policies Regarding Attendance, Homework and Make Up Exams
Attendance:
Attendance for every class is expected. It is critical to your success that you attend each class and take notes during the lectures. You should come to class prepared, which means that you should have read the assigned material. Office hours are not a substitute for coming to class; accordingly, I will not go over material covered in class with you if you have missed class. As a courtesy to others, please turn off your cellular phones while in the classroom.
Course Syllabus
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Homework:
I suggest that you work all of the Multiple-Choice Questions for each chapter. While there will be no points allocated to homework other than the case assignments, there is a direct correlation between working problems and performing successfully on examinations. I will periodically post selected solutions to Chapter problems in ELearning.
Makeup Exams:
Makeup exams are given only for excused absences, which must be determined prior to the exam. Excused absences may be given for verifiable medical or family emergencies. Written documentation must be provided to qualify for an excused absence. Students who do not show up for an exam without making arrangements with me prior to the exam will receive a zero. I do not guarantee that the level of difficulty of the makeup exam will be comparable to the exam given at the scheduled time. I will determine the date and time of the makeup exam, and you must make arrangements to take it at that time.
Course Syllabus
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Academic Integrity
The faculty expects from its students a high level of responsibility and academic honesty. Because the value of an academic degree depends upon the absolute integrity of the work done by the student for that degree, it is imperative that a student demonstrate a high standard of individual honor in his or her scholastic work. Scholastic dishonesty includes, but is not limited to, statements, acts or omissions related to applications for enrollment or the award of a degree, and/or the submission as ones own work or material that is not ones own. As a general rule, scholastic dishonesty involves one of the following acts: cheating, plagiarism, collusion and/or falsifying academic records. Students suspected of academic dishonesty are subject to disciplinary proceedings. Plagiarism, especially from the web, from portions of papers for other classes, and from any other source is unacceptable and will be dealt with under the universitys policy on plagiarism (see general catalog for details). This course will use the resources of turnitin.com, which searches the web for possible plagiarism and is over 90% effective.
Email Use
The University of Texas at Dallas recognizes the value and efficiency of communication between faculty/staff and students through electronic mail. At the same time, email raises some issues concerning security and the identity of each individual in an email exchange. The university encourages all official student email correspondence be sent only to a students U.T. Dallas email address and that faculty and staff consider email from students official only if it originates from a UTD student account. This allows the university to maintain a high degree of confidence in the identity of all individual corresponding and the security of the transmitted information. UTD furnishes each student with a free email account that is to be used in all communication with university personnel. The Department of Information Resources at U.T. Dallas provides a method for students to have their U.T. Dallas mail forwarded to other accounts.
Course Syllabus
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Disability Services
The goal of Disability Services is to provide students with disabilities educational opportunities equal to those of their non-disabled peers. Disability Services is located in room 1.610 in the Student Union. Office hours are Monday and Thursday, 8:30 a.m. to 6:30 p.m.; Tuesday and Wednesday, 8:30 a.m. to 7:30 p.m.; and Friday, 8:30 a.m. to 5:30 p.m. The contact information for the Office of Disability Services is: The University of Texas at Dallas, SU 22 PO Box 830688 Richardson, Texas 75083-0688 (972) 883-2098 (voice or TTY) Essentially, the law requires that colleges and universities make those reasonable adjustments necessary to eliminate discrimination on the basis of disability. For example, it may be necessary to remove classroom prohibitions against tape recorders or animals (in the case of dog guides) for students who are blind. Occasionally an assignment requirement may be substituted (for example, a research paper versus an oral presentation for a student who is hearing impaired). Classes enrolled students with mobility impairments may have to be rescheduled in accessible facilities. The college or university may need to provide special services such as registration, note-taking, or mobility assistance. It is the students responsibility to notify his or her professors of the need for such an accommodation. Disability Services provides students with letters to present to faculty members to verify that the student has a disability and needs accommodations. Individuals requiring special accommodation should contact the professor after class or during office hours.
Course Syllabus
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These descriptions and timelines are subject to change at the discretion of the Professor.
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