I.     Course Prefix/Number: ACC 260

       Course Name: Auditing

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

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

III.   Course (Catalog) 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:
  1. Generally Accepted Auditing Standards
  2. Auditing Procedures for Manual and Computerized Accounting Systems
  3. Compilation and Review Procedures
  4. Audit Reports
  5. Professional Ethics

V.    Academic Integrity and Student Conduct

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.

Please review the Code of Academic Conduct and the Code of Student Conduct, both located online at

VI.   Sequence of Topics

- In Example -
  1. An Overview of Auditing
  2. Audit Reports
  3. Professional Ethics
  4. Legal Liability
  5. Audit Objectives
  6. Types of Evidence and Documentation
  7. Audit Planning and Analytical Procedures
  8. Materiality and Risk
  9. Internal Control
  10. Overall Audit Plan and Audit Program
  11. Audit of the Sales and Collection Cycle
  12. Audit Sampling for Tests of Transactions
  13. Audit Sampling for Tests of Details of Balances
  14. Completing Tests Sales & Collection Cycle - Accounts Receivable
  15. Completing the Audit
  16. Other Engagements, Services and Reports
  17. The Effect of EDP Systems on Auditing

VII.  Methods of Instruction

- In Example -
  1. Lecture and Discussion
  2. Problem Solving
  3. Review of Homework
  4. Case Problems

Course may be taught as face-to-face, hybrid or online course.

VIII. Course Practices Required

- In Example -

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

  1. Reading
  2. Writing
  3. Oral Presentations
  4. Mathematics (including percentages and algebra)
Course may be taught as face-to-face, hybrid or online course.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

- In Example -
  1. Required Text: Custom book with selected materials from Principles of Auditing and Other Assurance Services, 17th edition, by Whittington and Pany.
  2. Student Handout Packet only available at Oakton bookstore.
Note: Current textbook information for each course and section is available on Oakton’s Schedule of Classes.

X.    Methods of Evaluating Student Progress

- In Example -
  1. Four Tests (100 points each)
  2. Final Exam (200 points)
  3. Homework (6 points each)
  4. 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 Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.

Oakton Community College is committed to maintaining a campus environment emphasizing the dignity and worth of all members of the community, and complies with all federal and state Title IX requirements.

Resources and support for
  • pregnancy-related and parenting accommodations; and
  • victims of sexual misconduct
can be found at

Resources and support for LGBTQ+ students can be found at

Electronic video and/or audio recording is not permitted during class unless the student obtains written permission from the instructor. In cases where recordings are allowed, such content is restricted to personal use only. Any distribution of such recordings is strictly prohibited. Personal use is defined as use by an individual student for the purpose of studying or completing course assignments.

For students who have been approved for audio and/or video recording of lectures and other classroom activities as a reasonable accommodation by Oakton’s Access Disabilities Resource Center (ADRC), applicable federal law requires instructors to permit those recordings. Such recordings are also limited to personal use. Any distribution of such recordings is strictly prohibited.

Violation of this policy will result in disciplinary action through the Code of Student Conduct.