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ACT 622 The Attest Function XXXXXXXXXXSummer 2019
Professor: Deborah Smith, Ph.D., CPA
Office: BU 516 Email: XXXXXXXXXX
Office Hours: By appointment; send me an email to set up a time.
Contact:
The best way to contact me is by email. Please note in the subject heading that
you are a student in ACT 622 as my students have prefe
ed response time.
IMPORTANT!
This course requires the use of a webcam and installation of
Respondus on your computer in order to take the exams and
quizzes. If your computer is not compatible with Respondus, you
may need to take the quizzes and exams in a computer lab on
campus, or in person scheduled with the instructor. This will
also require a print copy of the textbook to use during exams,
ut this can be a 9th edition. Please consider this information
prior to the Drop/Add period for the semester.
Prerequisites: ACT 532 Intermediate Accounting II
Catalog Description: Audit approach; planning and procedure;
treatment of adjustments and i
egularities; preparing worksheets and
final statements.
Course Objective: Auditing will teach the basics of auditing theory.
The student will gain a general understanding of the auditing practice.
The course will discuss the accountant’s legal liability and
professional ethics. The student will gain an understanding of the
structure and purpose of internal controls. Attention is given to the
objectives, principles, procedures, ethical considerations, and
esponsibilities involved in the auditing practice. While the primary
focus of the course will be on the audit of public, for-profit enterprises,
discussion will also include internal auditing and other types of audits,
e.g. operational and governmental auditing.
Professor Bio:
Education: Ph.D. Florida Atlantic University, MAcc Nova Southeastern
University, B.S. University of Florida, CPA (Florida)
Research interests: auditing, earnings management, audit fees, executive
compensation, governance, payout policy
Experience: audit (KPMG), teaching (Florida International University,
Florida Atlantic University), hotel and restaurant accounting (hotel
controller, restaurant site selection, and multi-unit restaurant accounting).
Required Textbook
Principles of Auditing &
Assurance Services 21st ed. –
Including Connect
Authors: Ray Whittington and
Kurt Pany
Recommended Textbook
Auditing & Systems Exam
Questions and Explanations
ook.
Irvin N. Gleim, William A. Hillison
Check Blackboard Frequently!
Announcements, lecture notes,
assignment updates and much
more will be posted in Blackboard
(Bb).
Note: If you use an older version
of the textbook, you are
esponsible for any differences
etween yours and the 10th
edition.
mailto: XXXXXXXXXX
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Method of Instruction
This is a web-based course and will require students to complete assignments in Blackboard Learn and
Connect McGraw-Hill. Discussions will be conducted through Blackboard. This course requires weekly
homework, discussion posts, and two exams.
PLANNED SCHEDULE
Week Chapters Due Date Topic and Reading Assignment
1 1 25-May Ch. 1 Role of the Professional Accountant
2 Ch. 2 Professional Standards
2 5 1-June Ch. 5 Audit Evidence and Documentation
6 Ch. 6 Audit Planning, Risk Assessment and Response
3 7 6-June Ch. 7 Internal Control
Study for the Midterm Exam
June 7-8 Midterm Exam (Chapters 1, 2, 5, 6, 7)
4 - 15-June PharMor Assignment
16 Ch. 16 Completing the audit
17 Ch. 17 Reports on Audited Financial Statements
XXXXXXXXXXJune Ch. 18 Internal Control over Financial Reporting
4 Ch. 4 Legal Liability
6 3 27-June Ch. 3 Professional Conduct
Project Due June 27th
Study for the Final Exam
June 28-29 Final Exam (Chapters 16, 17,18, 4, 3 and PharMor)
iscussions:
Instead of coming to class, students will participate in bulletin board postings. Please add a photo
to your Blackboard Profile and introduce yourself on the discussion board under “Introductions” and you
can earn 5 points. Discussion questions are in Bb. You may be asked to answer a conceptual question,
apply audit concepts to a publicly traded company, or find a cu
ent event related to a topic.
There is also a General Topic discussion where you are encouraged to discuss course related topics
with other students. This is not a forum to ask questions directly to the professor. That should be done
y email ( XXXXXXXXXX).
In all cases, discussion posts should be written in good form with checked grammar and spelling,
and should always be polite and professional in tone.
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Graduate College Learning Goals
(not just for this class)
Students will be able to apply accounting concepts and principles at an
advanced level in the areas of financial accounting, managerial
accounting, auditing, taxation, and accounting information systems
Students will be able to engage in critical thinking
Students will demonstrate effective oral and written communication
skills
Students will achieve CPA exam pass rates higher than those
experienced by the average of Ohio BBA graduates
ASSIGNMENTS
Reading Assignments
Students are expected to read the assigned chapters. Auditing is a
qualitative, more than quantitative course. It will be difficult to do well on
the quizzes, exams and project by hunting through the textbook in search
of a topic area, you will not have time to finish the exams. Auditing is a
conceptual topic which requires integrating concepts and applying them in
a real world setting. There are many examples provided in the reading that,
once understood, can be applied to other scenarios.
Connect Homework
Homework is available in Connect, McGraw-Hill. This can be accessed
through Blackboard or directly through the Connect website. Homework
has unlimited attempts, and only your “best” score counts. So, for example,
if you get a 60%, 80%, 100%, 20%, 5% in that order, only the 100% will
count.
Connect Learnsmart
Learnsmart is a feature in Connect that assists students with reading and
understanding the textbook. There is a tutorial on how to use
Learnsmart/Smartbook. Points for completing these assignments are
included in your Connect grade and can be viewed in Blackboard.
EXAMS
Exams will require applying the concepts and terminology presented in the
text and the classroom. The material for exams will be based on the
textbook chapters and related assignments. The midterm and final exam
will time out after the allotted minutes, so plan accordingly when you start
the exam. It is assumed that students will use resources such as the book
and notes. However, getting help from another person during the exam is
prohibited. You will not be able to stop and restart the test. Additional time
How grades are
determined:
Final Grade Distribution
Percent Grade
465 and above A
450 – < 465 A-
435 – < 450 B+
400 – < 435 B
385 – < 400 C+
350 – < 385 C
350 F
Assignment Grading
Assignments Points
Connect and LearnSmart 90
Quizzes (5) 30
Midterm Exam 100
Final Exam 100
Best Exam 100
Project 50
Discussion & Participation 30
Total: 500
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for a timed-out exam will only be granted if the CSU ELearning center can confirm that the problem was a
CSU system failure.
Rather than having two exams for 150 points each (300 points total), this class has two exams for 100 points
each, and the highest score counts twice (300 points total).
Makeup exams must be well documented and a
anged in advance. The date for the make-up exam must be
set for a date after the scheduled exam, and it may be a different format and content than the scheduled exam.
Sometimes the class exam is curved, but a makeup exam grade is not curved because there is no way to curve
an exam for one person.
STUDENT CONDUCT
Accountants, especially auditors, are valued for integrity. You are bound by a code of ethics as a student, and
a future business professional.
The Cleveland State University Student Conduct Code can be found online at web address
http:
www.csuohio.edu/studentlife/StudentCodeOfConduct.pdf.
Students are expected to do their own work. Academic misconduct, student misconduct, cheating and
plagiarism will not be tolerated. Violations will be subject to disciplinary action as specified in the CSU
Student Conduct Code. Plagiarism is defined as, “Stealing and/or using the ideas or writings of another in a
paper or report and claiming them as your own. This includes but is not limited to the use, by paraphrase or
direct quotation, of the work of another person without full and clear acknowledgment.” Homework copied
in whole or in part from another student or a solution manual is plagiarism and, in addition to
consequences according to the student conduct code will also include a non-negotiable 10 point reduction
of discussion points. While students are permitted to discuss assignments they are working on, each student
is responsible for preparing completely his or her own assignment. The instructor may deduct up to 20 points
for inappropriate conduct in Blackboard Discussions.
STATEMENT FOR STUDENTS WITH DISABILITIES
Educational access is the provision of classroom accommodations, auxiliary aids and services to ensure equal
educational opportunities for all students regardless of their disability. Any student who feels he or she may
need an accommodation based on the impact of a disability should contact the Office of Disability Services at
XXXXXXXXXXThe Office is located in MC 147. Accommodations need to be requested in advance and will
not be granted retroactively. If, in accordance with this University policy, you have a documented disability
and require accommodations to obtain equal access in this course, I encourage you to please contact me at the
eginning of the semester or as soon as you are given an assignment for which an accommodation is required.
Please contact Student Services to whom documentation should be submitted.
http:
www.csuohio.edu/studentlife/StudentCodeOfConduct.pdf