This advanced course provides students with actual applications of auditing procedures by exploring cases in which auditing was prominent and includes: Auditor’s Ethical Responsibilities, Auditor’s Responsibility to Detect Fraud, Event leading to creation of the Public Company Accounting Oversight Board (PCAOB) and Classic Court Cases affecting auditors.
The new CPA Examination spends more time (4½ hours) on Auditing than on any other topic. In addition, the Exam spends 1½ hours on Regulations (Securities and Exchange Commission; PCAOB). In order to perform well on the CPA Exam and to gain perspective on historic events leading to auditing as currently practiced, an auditing course at the Master’s level is needed.
Measurable Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Critique the work done by auditors in actual situations, based upon the existing professional standards.
- Assess the effect of the auditor’s adherence to or divergence from a Christian worldview, based upon the auditor’s work.
- Assess the risk associated with the acceptance of a proposed audit client.
- Evaluate scholarship relevant to generally accepted auditing standards.
Textbook readings and presentations
Course Requirements Checklist
After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview
Discussions are collaborative learning experiences. Each discussion is to be completed in 2 parts: 1) a thread/case study that addresses questions about cases presented in the textbook, and 2) a reply that critically evaluates a classmate’s thread/case study. Quality work will need to incorporate practitioner’s journals and scholarly journals as outside sources with a minimum of 5 references. Each case study/critique will vary in length depending on the questions in the text. However, the majority of the cases will require 1000-2500 words in 12-point font to receive a passing grade.