ACC 473 – Introduction To Auditing And Assurance Services
ACC 473 – Introduction to Auditing and Assurance ServicesSpring 2016– Tuesday/Thursdays –12 noon & 2 pm (ACC303)Professor:Office:Rose LaytonACC 112Office Phone: 213/740-5022 (prefer e-mail)Office Hours: T 2-3 pm & TH 2-5 pmE-Mail:rlayton@marshall.usc.eduCourse DescriptionFinancial statement auditing will be discussed from the perspectives of the externalauditor, the standard setters and management.Learning Objectives1. Appraise the client business and industry in order to assess audit risk and plan the2.3.4.5.6.auditor’s audit approach by preparing a written cases and presenting information inclass.Construct preliminary analytical procedures for the purpose of understandingselected company data and predicting expected results.Assess control risk and recommend the approach for testing controls by reviewinginformation available on selected company.Select the appropriate management assertions and recommend testing to gatherappropriate sufficient audit evidence by describing assertions and testing foridentified company process.Understand the concepts of sampling and the effects of changes in techniques andparameters by using Computer Assisted Auditing Tools to a case and preparing awritten report demonstrating an understanding of performing this analysis andinterpreting the results.Identify the steps necessary to complete and conclude on an audit by discussingsituations presented in class.Required MaterialsCourse Pack Title: ACC 473 – Financial Statement Auditing Course Pack ID:561271 Course Pack ISBN: 1323096760 (available for purchase online only).On-line access to Audit Standards at the aicpa.org and pcaob.us.org and other articles andwebsites referenced from the syllabus. (See daily assignments)Business news-specifically accounting/auditing related.Prerequisites Preparation:ACC 373Course Notes:This course uses Blackboard. All materials, including PowerPoint slides will be maintained onBlackboard. I will also ask that you turn in assignments in Turnitin, which is located withinBlackboard.Professor Rose Layton- ACC 473 P a g e 1
Grading Policies:I believe that a variety of skills are necessary to be an excellent professional. Therefore,there are several components to your overall grade.ComponentPointsCases (6 cases – 1 dropped)Lead PresentationQuizzesACL or IDEA projectLab ActivityParticipation/in-class assignmentsEvaluation of TeamFinalTotal100103050251520200450Please see the Leventhal School of Accounting grading policy attached. All of the sectionsof ACC 473 will be curved together. Historically, accounting electives’ mean GPA targetis a 3.3. After each grade is posted or returned, you will have one week to challenge yourgrade in writing. After this time, the grades will become final.Prepared Cases:You will select a group on the first day of classes. Each group will have 3-4 members. Allgroups are required to turn in a digital copy of each case (20 points per case); one case isindividual. I will drop the lowest case only if you complete all six cases. One or twogroups will be responsible to present the case and initiate discussion on the case. Allmembers of the group will receive the same grade unless their level of participation is notthe same as the other group members. Each group member will sign (electronic) theirname indicating their level of participation in each project. Please note that it is an honorcode violation to indicate that you have participated, when in fact you have notparticipated in the project. Additionally, each group member is held responsible for thelevel of participation of the group members. The cases will be in the on-line text and I willdiscuss in class. No late papers or presentations will be accepted. The total pointsassigned to the case preparation are 100 plus 10 points for presentation lead.QuizzesThere are three quizzes based upon knowledge acquired in previous classes. The totalpoints for the three quizzes are 30 points.ACL or IDEA projectA group with only 2 members (your choice) will be formed for the ACL or IDEA project.See the course schedule for exact dates. It will be turned in via Blackboard. You willutilize CAAT software (a Computer Assisted Audit Tool) to complete requirements. Youwill receive more information as the semester progresses.Professor Rose Layton- ACC 473 P a g e 2
Lab ActivityThere are two labs this semester. One lab will have a graded activity and the other lab willhave a speaker with advance questions submitted.Participation and in-class activitiesYou will be expected to fully participate in the case discussions for prepared questions, aswell as, the additional questions prepared in the classroom. We will also do exercisesduring class.Group Evaluations:You will be allowed to evaluate your group members at the conclusion of the course.Examination:There is one written examination for this class. Details regarding the final will be providedin class. The exam will consist of a case with several questions.Retention of Graded CourseworkFinal exams and all other graded work which affected the course grade will be retained for one yearon-line after the end of the course if the graded work has not been returned to the student (i.e., if Ireturned a graded paper to you, it is your responsibility to maintain it).Technology PolicyLaptop and Internet usage is permitted during academic or professional sessions when engaged in atechnology related class activity. Use of other personal communication devices, such as cellphones, is considered unprofessional and is not permitted during academic or professional sessions.ANY e-devices (cell phones, PDAs, I-Phones, Blackberries, other texting devices, laptops, I-pods)must be completely turned off during class time. Use of any recorded or distributed material isreserved exclusively for the USC students registered in this class.Statement for Students with DisabilitiesAny student requesting academic accommodations based on a disability is required to register withDisability Services and Programs (DSP) each semester. A letter of verification for approvedaccommodations can be obtained from DSP. Please be sure the letter is delivered to me (or to yourTA) as early in the semester as possible. DSP is located in STU 301 and is open 8:30 a.m.–5:00p.m., Monday through Friday. The phone number for DSP is (213) 740-0776. For moreinformation visit www.usc.edu/disability.Statement on Academic Conduct and Support Systems:Students enrolled in any class offered by the Leventhal School of Accounting are expected touphold and adhere to the standards of academic integrity established by the Leventhal School ofAccounting Student Honor Code. Students are responsible for obtaining, reading, andunderstanding the Honor Code System handbook. Students who are found to have violated theCode will be subject to disciplinary action as described in the handbook. For more specificinformation, please refer to the Student Honor Code System handbook, available in class or fromthe receptionist in ACC 101.Academic ConductPlagiarism – presenting someone else’s ideas as your own, either verbatim or recast in your ownwords – is a serious academic offense with serious consequences. Please familiarize yourself withthe discussion of plagiarism in SCampus in Section 11, Behavior Violating University ons/.Professor Rose Layton- ACC 473 P a g e 3
Other forms of academic dishonesty are equally unacceptable. See additional information inSCampus and university policies on scientific misconduct, mination, sexual assault, and harassment are not tolerated by the university:You are encouraged to report any incidents to the Office of Equity and Diversityhttp://equity.usc.edu/ or to the Department of Public -public-safety/online-forms/contact-us. This isimportant for the safety whole USC community. Another member of the university community –such as a friend, classmate, advisor, or faculty member – can help initiate the report, or can initiatethe report on behalf of another person. The Center for Women and Menhttp://www.usc.edu/student-affairs/cwm/ provides 24/7 confidential support, and the sexual assaultresource center webpage sarc@usc.edu describes reporting options and other resources.Support SystemsA number of USC’s schools provide support for students who need help with scholarly writing.Check with your advisor or program staff to find out more. Students whose primary language is notEnglish should check with the American Language Institute http://dornsife.usc.edu/ali, whichsponsors courses and workshops specifically for international graduate students. The Office ofDisability Services and programs/dsp/home index.html provides certification forstudents with disabilities and helps arrange the relevant accommodations. If an officially declaredemergency makes travel to campus infeasible, USC Emergency Informationhttp://emergency.usc.edu/ will provide safety and other updates, including ways in whichinstruction will be continued by means of blackboard, teleconferencing, and other technology.Emergency Preparedness/Course ContinuityIn case of a declared emergency if travel to campus is not feasible, USC executive leadership willannounce an electronic way for instructors to teach students in their residence halls or homes usinga combination of Blackboard, teleconferencing, and other technologies.Please activate your course in Blackboard with access to the course syllabus. Whether or not youuse Blackboard regularly, these preparations will be crucial in an emergency. USC's Blackboardlearning management system and support information is available at blackboard.usc.edu.Professor Rose Layton- ACC 473 P a g e 4
INDIVIDUAL CLASS TOPICS AND ents/PresentationsWeek 1AuditIntroduction/Discussion fault.aspxAU-C-200 .12,A2, A22, A27, A36.A4723/10ClientAcceptance/Discussion ofAuditConcerns/ProfessionalJudgmentAU-C-210 -.09, .10 .A23, A42Disclosure on Name of PartnerAU-C-300 .07-.11,A25SQCS 8 .27 -30, A11-13 (AICPA)QC Section 20 .14-.16 (PCAOB)ProfessionalJudgment CasePrepare 1-4 inadvance;remainder inclassroomSPRINGBREAKMarch 15th-19thEnjoy!ClientAcceptance/Discussion ofAuditConcerns/ProfessionalJudgmentAU-C-315 .12,28-.29,A18, A24, A30,A32, A38, A114, A116, A117Case 1.1Prepare 1-5 inadvance; 6 inclassConfirmationsIntroduction to use of internetconfirmationsAU-C 505QuizAU-C-315 .13-.25, .A44, .A53, .A61,.A62, .A69, .A71, A72, A81-.84, A91QuizWeek 233/22453/24Week 3Understandingthe Client’sEntity and ItsEnvironment/EvaluatingInternal Controlover FinancialReporting3/29AS 12 7-17AS 5 - .46-.56AS 12 .18-.4063/31AnalyticalProceduresAU-C-520 .01,05,06,A2, A3, A17, A2474/1LabGraded ActivityCase 4.1Prepare1,2,3,6,7FinancialAnalysisProfessor Rose Layton- ACC 473 P a g e 5
Class8T4/5910Th/F4/7DiscussionWeek 4Audit Strategy& AuditProgramAudit of Salesand CollectionsWeek 5Audit of Salesand apter 13QuizChapter 14Case 4.2 Prepare1,2,3,4,7 inadvanceConfirmations AU 505ConfirmationCase due114/14Audit Sampling& ACLChapter 15AU-C-530 .01-.11,A21AU-C 330.07-.24AU-C-500; A1-9; A17-23AS 13Case 9.7Prepare 1,2 inadvance; 3, 4in class134/15LabSpeakerSubmitQuestionsWeek 6Acquisitions &PaymentsChapter 1818-31-In-classactivityInventoryChapter 2121-24 -In-classactivityWeek 7Completing theAuditAU-C-560 .09-.18AU-C-580 .09-.26 skim exhibit A144/194/211516174/264/28ReviewFinals WeekFinalACL Case Due10 am class- May 10th at 11 am12 noon class- May 11th at 2 pmProfessor Rose Layton- ACC 473 P a g e 6
LSOA STUDENT LEARNING OBJECTIVESOBJ1Technical KnowledgeHeavy (473)Students will demonstrate technical proficiency inthe accounting discipline, including the use oftechnical accounting knowledge to help solveproblems and make decisions.Students will demonstrate the ability to research,critically analyze, synthesize, and evaluateinformation including professional standards fordecision making in the local, regional and globalbusiness environment.Students will demonstrate an understanding ofethics, ethical behavior and ethical decisionmaking.OBJ2Research, Analysis andCritical ThinkingHeavy (473)OBJ3Ethical Decision MakingLight (473)OBJ4CommunicationHeavy (473)Students will demonstrate the ability tocommunicate ideas both orally and in writing in aclear, organized and persuasive manner.OBJ5Leadership,Collaboration andProfessionalismHeavy (473)Students will demonstrate leadership skills andthe ability to work cooperatively and productivelyto accomplish established goals.Professor Rose Layton- ACC 473 P a g e 7
USC Leventhal School of AccountingImportant DatesSpring 2016First Day of ClassMonday, January 11Accounting Orientation – ACCT-370 lab timeFriday, January 15, 10amMartin Luther King Jr. Birthday, University HolidayMonday, January 18USC Career FestJanuary 25 - January 29USC Career DayThursday, February 4Resumes for Spring Resume Book dueFriday, February 5 at 8amLeventhal Scholarship Applications DueMonday, February 8Summer Leadership Programs, Information Session PanelFriday, February 12, NoonPresidents' Day, University HolidayMonday, February 15Meet the Firms – Galen Center (Accounting Society)Thursday, February 18, 6-9pmSpring BreakMonday, March 14 - Friday, March 18LSOA Annual Scholarship DinnerThursday, April 21Last Class Meeting for Regular (001) and 442 sessionsFriday, April 29Study DaysMonday & Tuesday, May 2 & 3Friday, May 13CommencementSecond-Half Session Dates (Session 442), March 7 - May 11First Day of Classes for second half ACCT/BUAD coursesMonday, March 7Last Day to Add or Drop second half ACCT/BUAD courses w/out a “W”Last Day to Drop ACCT/BUAD courses with a “W”Final ExamsTuesday, March 15Monday, April 18Wed., May 4 – Wed., May 11Professor Rose Layton- ACC 473 P a g e 8
ACC 473 – Introduction to Auditing and Assurance Services Spring 2016– Tuesday/Thursdays –12 noon & 2 pm (ACC 303) Office: ACC 112 Office Phone: 213/740-5022 (prefer e-mail) Office Hours: T 2-3 pm & TH 2-5 pm E-Mail: rlayton@marshall.usc.edu Course Description Financial statement auditing
BA-XS-CP-880 G4 Acc. to IEC 62471/Acc. to IEC 62778/Acc. to IEC 61347-1/Acc. to EN 62031/Acc. to IEC 60598-1/Acc. to EN 55015/Acc. to EN 61547 BA-XS-CP-865 G4 Acc. to IEC 62471/Acc. to IEC 62778/Acc. to IEC 61347-1/Acc. to EN 62031/Acc. to IEC 60598-1/Acc. to EN 55015/Acc. to EN
Jul 17, 2003 · ACC 511 Financial Accounting 5110 ACC 512 Managerial Accounting Systems 5120 ACC 515 Federal Income Taxation 5150 ACC 518 Intro AIS & Databases 5180 ACC 521 Federal Income Tax II 5210 ACC 522 Auditing 5220 ACC 524 Government/Not-for-Profit Acct 5240 ACC 526 AIS: Audit & Control 5260 AC
Chapter 05 - Auditing and Advanced Threat Analytics 1h 28m Topic A: Configuring Auditing for Windows Server 2016 Overview of Auditing The Purpose of Auditing Types of Events Auditing Goals Auditing File and Object Access Demo - Configuring Auditing Topic B: Advanced Auditing and Management Advanced Auditing
ACC 111 Principles of Accounting I 4.00 II Lehman ACC 171 Principles of Accounting I ACC 111 Principles of Accounting I 4.00 II Lehman ACC 1000 100-Level Elective ACC 112 Principles of Accounting II 4.00 II Lehman ACC 272 Principles of Accounting II ACC 113 Princ of Intermdte Accountg 4.00 II Lehman ACC 3
of Auditing and Assurance-Introduction (Auditing 1) and Auditing and Assurance-Intermediate (Auditing 2). This course is designed to provide an introduction to auditing and assurance services. Level of Proficiency in Auditing 1: Foundation Subject Learning Outcome Upon completion of the subj
55015/Acc. to EN 61547/Acc. to EN 61000-3-2/Acc. to EN 62384/Acc. to EN 62386/Acc. to IEC 62386-101:Ed2/Acc. to IEC 62386-102:Ed2/Acc. to IEC 62386-207:Ed1 Protection class II Type of protection IP20 Logistical data Commodity code 850440829000 Download Data File User instruction OPTOTRONIC L
ACC 102 Accounting Principles II Note: MCC ACC 101 ACC 102 UR ACC 201 ACC 201 Accounting Using QuickBooks ACC 110 Fundamentals of Accounting I Must complete ACC . ANT 205 Archaeology Field School ANT 216 Special Topics in Anthropology ART ART 110 Comics and Sequential Art Accepted as Intro Studio course
graduation, positioning them for college and careers. The grade level ELA standards begin in the Prekindergarten and Elementary ELA Standards section. Please see the introduction for more about how the anchor standards and grade level standards connect. New York State Education Department ENGLISH LANGUAGE ARTS LEARNING STANDARDS (2017) 4 NEW YORK STATE EDUCATION DEPARTMENT Reading Anchor .
