Master Syllabus: ACT 66541

TROYUNIVERSITY
MASTERSYLLABUS
SORRELLCOLLEGE OF BUSINESS

ACT 6654
Advanced Auditing & Assurance Services

TROY UNIVERSITY SCOB MISSION STATEMENT

The Sorrell College of Business (SCOB) prepares a diverse student body, drawn primarily from Alabama and surrounding states, to become successful, ethical and engaged business professionals with the knowledge to compete in the global business environment.

To achieve this our faculty, staff, and administration will:

Provide quality undergraduate and graduate education in global business through high-quality teaching;

Serve the university and engage with business and professional communities in our primary service area through individual involvement and our centers for research and outreach;

Grow and enhance the longstanding “culture of caring” for our traditional, nontraditional, military, and international students; and

Contribute to the creation of knowledge, with a focus on the scholarship of application and integration, and teaching and learning, complemented by basic and discovery scholarship in select disciplines.

TROY UNIVERSITY SCOB VISION STATEMENT

The Sorrell College of Business strives to be a renowned teaching-focused business college graduating GEEKS ready to succeed in business and life.

Prerequisites

Admission into the Master of Accountancy degree program and completion of all Master of Accountancy foundation and accounting prerequisites.

Description

A study of advanced auditing theory, standards, practices and problems encountered in the practice of public accounting.

This course has an exercise/assignment.

Objectives

Students successfully completing the requirement of this course should be able to:

  1. Demonstrate an advanced understanding of auditing theory as it relates to the practice of public accounting
  2. Demonstrate an advanced understanding of auditing practice and problems as they relate to the practice of public accounting
  3. Demonstrate an ability to recognize and address complexities associated with relevant auditing situations to include ethical and legal obligations
  4. Demonstrate a level of understanding of auditing theory and practice similar to the expectations for the CPA exam

Purpose

To provide students with an understanding of auditing theory and practice as they relate to both the profession’s certification process and the practice of public accounting.

Required Activity

This course must contain a student engagement activity with the community that relates to course content. The activity may include guest speakers, site visits, projects for the community/industry, etc…

Texts

Certified Public Accountants Examination AA section review course, Wiley CPA Review Current edition.

Course Topics (Minimum)

  • Professional Responsibilities
  • Engagement Planning, Obtaining an Understanding of the Client and Assessing Risks
  • Understanding Internal Control and Assessing Control Risk
  • Responding to Risk Assessment: Evidence Accumulation and Evaluation

Reporting

  • Accounting and Review Services
  • Audit Sampling
  • Auditing with Technology

Assessments in this course:

SLO 3.1 Students will identify ethical/unethical behavior in dilemmas related to accounting issues.

Measure: Multiple Choice questions related to an ethical dilemmas

SLO 3.2 Students will objectively apply knowledge of ethical behavior in dilemmas related to

accounting issues.

Measure: Case Study

Troy University Faculty Handbook(2016): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):

  1. Course title
  2. Course number + section
  3. Term
  4. Instructor
  5. Prerequisites
  6. Office hours
  7. Class days, times
/
  1. Classroom location
  2. Office location + e-mail address
  3. Office telephone
  4. Course description, objectives
  5. Text(s)
/
  1. Other materials
  2. Grading methods, criterion weights, make-up policy, mid-term grade reports
  3. Procedure, course requirements
/
  1. General supports (Computer Works, writing center)
  2. Daily assignments, holidays, add/drop & open dates, dead day, final exam
/
  1. ADA statement
  2. Electronic device statement
  3. Additional services, statements
  4. Attendance/
    Absence policy
/
  1. Incomplete work policy
  2. Cheating policy
  3. Specialization requirements (certification, licensure, teacher competencies)