THE UNIVERSITY OF TEXAS AT DALLAS

AIM 3334 – Auditing

Fall 2005
Section 001 – Tuesdays/Thursdays – 12:30p.m. – 1:45p.m. – SOM 2.714

Instructor: Chris Linsteadt, MBA, MS, CIA

Office: SOM 4.224
Phone: 972-883-5948
Email: chris.linsteadt@utdallas.edu
Office Hours: Thursdays from 1:45p.m. – 2:45p.m.

Course Description and Objectives:

This course introduces the basic concepts, philosophy, standards, procedures, and practices of auditing.
Topics include generally accepted auditing standards, the changing role of the independent auditor,
professional conduct and ethics, auditor’s reporting responsibilities, risk assessment, internal control, evidential
matter and management fraud.

The course has two primary objectives: (1) Develop an understanding of auditing and assurance services; (2)
Develop an understanding of the professional and ethical responsibilities in auditing.

Course Prerequisite:

AIM 3331 – Intermediate Financial Accounting I

Course Materials:

Textbook: Auditing and Assurance Services, First Edition by Louwers, Ramsay, Sinason and Strawser

Attendance:

It is critical to your success that you attend each class and take notes during the lectures. You should come to
class prepared, which means that you should have read the assigned material. Office hours are not a
substitute for coming to class; accordingly, I will not go over material covered in class with you if you have
missed class. As a courtesy to others, please turn off your cellular phones while in the classroom.

Homework:

I suggest that you work all of the “Multiple-Choice Questions” for each chapter. While there will be no points
allocated to homework other than the case assignments, there is a direct correlation between working problems
and performing successfully on examinations.

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 THE UNIVERSITY OF TEXAS AT DALLAS
AIM 3334 – Auditing
Fall 2005
Section 001 – Tuesdays/Thursdays – 12:30p.m. – 1:45p.m. – SOM 2.714

Exams:

There will be three examinations in this course. These examinations are not cumulative, and the format of
each exam will be a combination of multiple choice and short answer questions . You will need an 882
Scantron for each exam.

Makeup exams are given only for excused absences, which must be determined prior to the exam. Excused
absences may be given for verifiable medical or family emergencies. Written documentation must be provided
to qualify for an “excused absence”. Students who do not show up for an exam without making arrangements
with me prior to the exam will receive a zero. I do not guarantee that the level of difficulty of the makeup exam
will be comparable to the exam given at the scheduled time. I will determine the date and time of the makeup
exam, and you must make arrangements to take it at that time.

Case Assignments:

You will be assigned five cases from selected chapters. Each case is valued at 10 points. The case
assignments will be graded on clarity of thought process, grammar, spelling and technical content. All
assignments must be typed and must use Standard English with correct grammar and punctuation. The case
assignments are due at the beginning of class. NO EXCEPTIONS. If for any reason, you are unable to
attend class on the day a case assignment is due, assignments will be accepted by email (preferably attached
as a MS Word or Excel File) as long as the case arrives before 12:30p.m. on the due date. Do not email case
assignments unless you are unable to attend class.

Grades:

Your final grade in this course will be determined as follows:

Examination 1…………………… 100 points

Examination 2…………………… 100 points
Examination 3…………………… 100 points
Assigned Cases………………… 50 points

TOTAL 350 points

Translation of the total score into a letter grade will be based on the instructor’s judgment. The letter grade will
reflect each student’s performance relative to the class and standards expected of undergraduate students.

Academic Dishonesty:

Students are expected to be above reproach in all scholastic activities. Students who engage in academic
dishonesty are subject to disciplinary penalties, including the possibility of failure in the course and dismissal
from the university. “Scholastic dishonesty includes, but is not limited to cheating, plagiarism, collusion, the
submission for credit of any work or materials that are attributable in whole or in part to another person, taking
an examination for another person, any act designed to give unfair advantage to a student or the attempt to
commit such acts.” Regents’ Rules and Regulations, Part One, Chapter VI, Section 3, Subsection 3.2,
Subdivision 3.22. Since academic dishonesty harms the individual, all students, and the integrity of the
university, policies on academic dishonesty will be strictly enforced.

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 AIM 3334
COURSE OUTLINE

WK DAY DATE TOPIC CHAPTER / CASE

MODULE

1 R 8/18/05 Course Introduction

2 T 8/23/05 Auditing and Assurance Services 1

R 8/25/05 Professional Standards 2

3 T 8/30/05 Management Fraud and Audit Risk 3

R 9/1/05

4 T 9/6/05 Engagement Planning 4

R 9/8/05

5 T 9/13/05 Internal Control Evaluation 5 5.51

R 9/15/05

6 T 9/20/05 NO CLASS
R 9/22/05 EXAMINATION I

7 T 9/27/05 Assurance and Other Services A

R 9/29/05 Overview of Sampling E

8 T 10/4/05 Employee Fraud & The Audit of Cash 6 6.39*

R 10/6/05

9 T 10/11/05 Revenue and Collection Cycle 7 7.49

R 10/13/05

10 T 10/18/05 NO CLASS
R 10/20/05 EXAMINATION II

11 T 10/25/05 Acquisition and Expenditure Cycle 8

R 10/27/05

12 T 11/1/05 Completing the Audit 11 11.44

R 11/3/05 Omit C

13 T 11/8/05 Reports on Financial Statements 12 12.37

R 11/10/05

14 T 11/15/05 Professional Ethics B

R 11/17/05

15 T 11/22/05 EXAMINATION III

CASE ASSIGNMENTS ARE DUE THE CLASS SESSION FOLLOWING THE COMPLETION OF A
TOPIC.
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*Error in Case 6.39