Course Outline ACCT3280F22

.pdf
School
University of Guelph **We aren't endorsed by this school
Course
ACCT 3280
Subject
Accounting
Date
Oct 17, 2023
Pages
11
Uploaded by BaronWaterBuffalo15076 on coursehero.com
ACCT*3280 Auditing I Fall 2022 Section(s): C01 C02 Department of Management Credit Weight: 0.50 Version 1.00 - August 15, 2022 ___________________________________________________________________________________________________________________ 1 Course Details 1.1 Calendar Description Auditing I is an examination of the principles and theory underlying the practice of auditing. Concepts of materiality and audit risk are examined and discussed. Sources and techniques for gathering auditing evidence will also be examined. Modern organizations rely on information systems, technology and internal controls to manage and monitor their operations and the impact of these systems on the quality of information produced and on the scope of audits are important elements of this course. ACCT*3330 Pre-Requisites: 1.2 Timetable Section 01 W/F 1:00 PM - 2:20 PM 9/8/2022 - 12/16/2022 CRSC, 116 LEC 1.3 Final Exam Exam time and location is subject to change. Please see WebAdvisor for the latest information. ___________________________________________________________________________________________________________________
ACCT*3280 C01 C02 F22 v1.00 2 Instructional Support 2.1 Instructional Support Team Peter Ghattas Phd, CPA Instructor: [email protected] Email: 519-824-4120 Ext. 52762 Telephone: MAC 207 Office: Wednesdays 11:30-12:30 Fridays 11:30-12:30 Office Hours: ___________________________________________________________________________________________________________________ 3 Learning Resources 3.1 Required Resources Texbook and Pearson MyLab (Textbook) Arens et al., Auditing: The Art & Science of Assurance Engagements, 15th Canadian Edition, Pearson Canada, 2022. Students are required to purchase the accompanying Pearson MyLab to complete the pre- course homework and the post-class quizzes. The following link was provided by the UofG Bookstore for textbook purchase: https://www.campusebookstore.com/integration/AccessCodes/default.aspx?bookseller_id=247 3.2 Recommended Resources CPA Canada Handbook (Website) Electronic access to the CPA Canada Handbook can be obtained through the University of Guelph library.  Because the Handbook is constantly being updated, a hardcopy version would become quickly outdated and is not recommended. ___________________________________________________________________________________________________________________ 4 Learning Outcomes 4.1 Course Learning Outcomes By the end of this course, you should be able to: Page 2 of 11
ACCT*3280 C01 C02 F22 v1.00 Compare the use and purpose of the different types of assurance engagements. 1. Apply relevant ethical and legal principles to situations involving ethical or legal elements. 2. Identify and assess issues related to the acceptance of an audit engagement. 3. Demonstrate how to gain an understanding of an audit client and its internal control in order to assess the risk of material misstatement through error or fraud, set materiality appropriately, and devise an overall audit strategy. 4. Assess the risks of the project, or, for audit engagements, assesses the risks of material misstatement at the financial statement level and at the assertion level for classes of transactions, account balances, and disclosures. 5. Assess risks at an assertion level and plan suitable evidence-gathering procedures, including tests of controls, substantive tests of details, and analytical procedures. 6. Evaluate audit evidence and results of audit tests. 7. Describe the procedures required to complete and audit and formulate an opinion in support of an appropriate audit report. 8. Demonstrate a cohesive process for using professional judgment to solve problems and make decisions. 9. Write and speak to enhance work performed 10. Work effectively as a team member. 11. ___________________________________________________________________________________________________________________ Page 3 of 11
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