OAKTON COMMUNITY COLLEGE

GENERIC COURSE SYLLABUS

 

I.          Course             Course             Course

            Prefix              Number           Name               Credit              Lecture            Lab

            ACC                260                  Auditing             3                       3                     0

 

II.        Prerequisite:

            Recommended:  ACC 242, or concurrent enrollment in ACC 242.

 

III.       Course Description:

Course concerned primarily with financial auditing. Content includes auditing standards, concepts and techniques, internal control, audit programs and audit reports.

 

IV.       Learning Objectives:

This course is designed to give the student an understanding of:

A.        Generally Accepted Auditing Standards

B.        Auditing Procedures for Manual and Computerized Accounting Systems

C.        Compilation and Review Procedures

D.        Audit Reports

E.         Professional Ethics

 

V.        Academic Integrity:

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton’s Code of Academic Conduct. This code prohibits:

 

·         cheating,

·         plagiarism (turning in work not written by you, or lacking proper citation),

·         falsification and fabrication (lying or distorting the truth),

·         helping others to cheat,

·         unauthorized changes on official documents,

·         pretending to be someone else or having someone else pretend to be you,

·         making or accepting bribes, special favors, or threats, and

·         any other behavior that violates academic integrity.

 

There are serious consequences to violations of the academic integrity policy. Oakton’s policies and procedures provide students a fair hearing if a complaint is made against you.  If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.

 

Details of the Code of Academic Conduct can be found in the Student Handbook.

 


VI.       Outline of Topics:

- In Example -

A.        An  Overview of Auditing

B.        Audit Reports

C.        Professional Ethics

D.        Legal Liability

E.         Audit Objectives

F.         Types of Evidence and Documentation

G.        Audit Planning and Analytical Procedures

H.        Materiality and Risk

I.          Internal Control

J.          Overall Audit Plan and Audit Program

K.        Audit of the Sales and Collection Cycle

L.         Audit Sampling for Tests of Transactions

M.        Audit Sampling for Tests of Details of Balances

N.        Completing Tests Sales & Collection Cycle - Accounts Receivable

O.        Completing the Audit

P.         Other Engagements, Services and Reports

Q.        The Effect of EDP Systems on Auditing

 

VII.     Methods of Instruction:

- In Example -

A.        Lecture and Discussion

B.        Problem Solving

C.        Review of Homework

D.        Case Problems

 

VIII.    Course Practices Required:

- In Example -

The student must be able to perform the following skills on a college level:

A.        Reading

B.        Writing

C.        Oral Presentations

D.        Mathematics (including percentages and algebra)

 

IX.       Instructional Materials:

- In Example -

A.  Required Text:  Custom book with selected materials from Principles of Auditing and Other                Assurance Services, 17th edition, by Whittington and Pany.

            B.  Student Handout Packet only available at Oakton bookstore.


X.        Methods of Evaluating Student Progress:

- In Example -

A.        Four Tests (100 points each)

B.        Final Exam (200 points)

C.        Homework  (6 points each)

D.        Projects/Cases (50 points each)

1.         Attendance is considered if a student is between grades.

2.         A point scale is based on total possible points.

90 - 100% = A

80 -  89% = B

70 -  79% = C

60 -  69% = D

59% & Below F

 

XI.       Other Course Information

            If you have a documented learning, psychological, or physical disability, you may be entitled to reasonable academic accommodations or services.  To request accommodations or services, contact the ASSIST office in the Learning Center.  All students are expected to fulfill essential course requirements.  The College will not waive any essential skills or requirements of a course or degree program.

 

 

 

Effective beginning term    Summer 2006      ending term  __________________________

                                          (term)  (year)                                 (term)              (year)

 

Syllabus prepared by: Jay Cohen         

 

Reviewed by Dept/Program chair: Jay Cohen             

 

Approved by Dean:  Bradley P. Wooten        May 2006