This course will place a major emphasis on helping students acquire and develop three specific AICPA
Functional Competencies, which are briefly described in the table below. These competencies will be formally
assessed this semester, as also briefly described in the table below.
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Functional
Competencies Technical Skill Competency Development
Risk Analysis Risk analysis and control is fundamental Formal assessment of competency: Students
to professional service delivery. The will complete case analyses that require
understanding of business risk (that is, the written responses based on identifying and
risk that an entity—either a client or the discussing audit risks in a given situation.
prospective accounting professional’s These will help students learn to “identify
employer—will fail to achieve its risks of negative outcomes (including fraud)
objectives) affects how business strategy for particular scenarios” (a sub-objective of
is created and implemented. the competency, per the framework).
Research Although accounting professionals need a Formal assessment of competency: Students
foundation in standards and other relevant will complete case analyses that require
rules, such guidance is constantly written responses based on reference to
evolving. Many accounting profession professional auditing, attestation and
functions depend on obtaining accounting standards. Students will also
information from within and outside of an complete simulation quizzes throughout the
entity. Accordingly, the individual semester, some of which include a research
preparing to enter the accounting component. These will help students learn to
profession needs to have strong research “access relevant standards, rules, and other
skills to access relevant guidance or other information” (a sub-objective of the
information, understand it, and apply it. competency, per the framework).
Leverage Technology is pervasive in the accounting Formal assessment of competency: Students
Technology profession. Individuals entering the will complete Gleim multiple choice and
accounting profession must acquire the simulation quizzes that mimic the electronic
necessary skills to use technology tools test environment of the CPA Exam. Some
effectively and efficiently. These simulation quizzes involve researching
technology tools can be used both to professional auditing and attestation standards
develop and apply other functional online. These will help students learn to
competencies. “access appropriate electronic databases to
obtain decision-supporting information” (a
sub-objective of the competency, per the
framework).
Course Textbook and Required Readings
Contemporary Auditing Issues and Cases,10th Edition, by Michael C. Knapp, West Publishing, ISBN 978-1-
285-06660-8
Gleim CPA Audit & Attestation Online. Click the link below. The link below is key. It tells what class you're
in so your instructor can monitor your progress. If you order the product on the Gleim website without using this
link then you will not receive credit for your work.
https://www.gleim.com/?promoID=PLED-ANGL-SPR(17)-ACCT-6303
You will be taken to the Gleim website where you will create your account. Once created, you will be taken to
the shopping cart with the correct item listed at $115. Complete the checkout process following the on-screen
instructions.
Spring 2017
Grading Policies
This course employs the following to measure student learning.
Requirement % of Course Grade
Written Submissions of responses to assigned questions for cases from Contemporary 25%
Auditing case book and other case materials distributed by the professor (responses are
prepared outside of class before the class period in which the case will be discussed)
Some assigned questions will be worth more points than others based on the required amount of
research to complete. Any point differential above the normal will be identified at the time
questions are assigned
Participation in class discussion of materials from case book, other cases, professional 5%
standards, training, etc.
Gleim Subunit AudioVisual Questions 5%
Gleim Study Unit Quizzes 10%
Gleim Online CPA Review - Simulations 10%
Gleim Online CPA Review – Block Quizzes 25%
Final Exam 20%
Angelo State University employs a letter grade system. Grades in this course are determined on a percentage
scale:
A = 90 – 100 %
B = 80 – 89 %
C = 70 – 79 %
F = 69 % and below.
Response Time: Exams will normally be returned by the nest class period. Response to emails will normally be
within 24 hours Monday through Friday.
Missed/Late Work: Late work for quizzes and written questions will not be accepted. Assignments will be
assessed a 10% per day late penalty. SUA assignments must be completed by the assigned due dates.
Written Submission to Cases: The AICPA Core Competency Framework states the following under expected
Personal Competencies:
Communication - Accounting professionals are called upon to communicate financial and non-financial
information so that it is understood by individuals with diverse capabilities and interests. Individuals entering the
accounting profession should have the skills necessary to give and exchange information within a meaningful
context and with appropriate delivery. They should have the ability to listen, deliver powerful presentations and
produce examples of effective business writing.
Students will be required to prepare written responses, outside of class, to cases assigned in the case book, as well
as other case materials provided by the professor. The schedule for the class shows which cases are assigned for
which class periods. Students will also be required to discuss in-class responses to assigned questions as well as
the content, facts, issues, etc. regarding the assigned cases as a whole.
Student preparation for a case will, therefore, consist not only of reading and studying the case in order to prepare
written responses but also to prepare to discuss in class the overall case. Students will be asked to respond to
questions in class that address issues in the case.
For all case assignments, students will be expected to understand the facts in the case, the pertinent professional
standards and considerations, and the auditing and accounting issues raised by the case. Students are to analyze
these factors and develop opinions regarding these issues as they relate to the case being examined. Students will
present these factors in either written or oral form, but in either situation, this is a student’s means of
demonstrating to the professor that the student has done the work, comprehended the issues, and developed
Spring 2017
opinions, thereby forming the grade earned on each assignment. If a student performs poorly or below standard,
then the student will receive a poor or substandard grade on the assignment.
Not all assigned questions for any given case will be collected for grading. Students will not know which
assigned questions will be collected and graded and which will only be discussed in class. Therefore, it is
incumbent upon students to prepare responses to each assigned question as if it were to be collected for grading.
This means not only that maximum effort be given in the content preparation of the response but also the
necessity that students strictly follow the written submission guidelines found in Appendix A: Instructions for
Written Submissions. Failure to meet those guidelines will result in a zero score on all submitted answers.
Students are expected to reference all materials such as Statements on Auditing Standards (SASs) for SAS
number and AU topic, section, sub-section, paragraph; etc. in preparing responses to cases. Because this is a
graduate course of the MPA program, students are expected to demonstrate their overall knowledge of financial
accounting, taxation, cost accounting, and other areas of study within the program.
Submission Deadlines and Missed Submissions: If a student is not in attendance in class when a written
submission is collected (this includes arriving late after submissions have been collected), then the student will
not be allowed to submit unless the student has a University approved excuse. If the student does not have a
University approved excuse, the student will receive a grade of zero for each question that had been collected.
The lowest grade for a written submission response worth 10 points will be dropped when determining a
student’s course letter grade. If there is a failure to submit a written submission response worth 10 points and
the student does not have a University approved excuse, the zero received will be the grade that is dropped.
This component of the course is worth 20% of the final letter grade.
Gleim CPA Review: For most weeks throughout the semester, students will complete multiple choice quizzes,
and task-based simulations on the Gleim CPA Review Online. One Study Unit (SUs) is assigned to be completed
outside of class most weeks. See the class schedule for assigned SUs by week.
Gleim Subunit AudioVisual questions, SU review quizzes, simulations, and block quizzes are not disjointed
activities from other aspects of this course, in particular, cases. Material in SUs will lend itself to appreciating the
value of cases, such as for the same or later class period. Likewise, material in cases will lend itself to
appreciating the value of material SUs, such as for the same or later class period. Recognize and leverage this
relationship to enhance performance in the course.
The best way to prepare for Gleim simulations and block quizzes is to follow the study elements of the Gleim
Online, Multiple-Choice Quiz #1, Audiovisual Presentation, True/False Study Questions, Knowledge Transfer
Outline, and Study Unit Review Quizzes. Thoroughly read and study assigned material and complete an
appropriate number of study sessions using the Gleim Online for the assigned SU
Study Subunit AudioVisual Questions: After watching the Gleim Online audiovisual presentation for a subunit,
complete the three question quiz located under the Assessment Quizzes tab. Each Study Unit contains from three
to eight subunits. This component of the course is worth 5% of the final letter grade.
Study Unit Quizzes Once every Study Unit Review Quiz is complete with an 87% score or higher, you will
receive 100% of the points. This component of the course is worth 10% of the final letter grade.
Gleim Online CPA Review – Simulations: The Auditing section of the CPA exam requires candidates to take a
seven-part task-based. Each simulation quiz will consist of ONE task based on material from the SUs assigned
for that class period.
One particular type of task that is part of the seven-part task-based simulation on the CPA exam involves
researching professional auditing standards and identifying the applicable standard for a given situation.
Candidates are given the ability to use the standards on ANY tab. Because of the importance of this type of task,
approximately half the simulation quizzes will be in the format of a research task. The schedule identifies which
simulation quizzes will involve a research task.
Preparation for simulation quizzes involves reading and studying the SU textbook material, study session
answers. The Gleim system allows each SU simulation may be attempted 3 times. I will average the first two
attempts to determine your simulation grade.
If a student misses a simulation quiz because of a University approved excuse, the student will make up the quiz
at a time and place convenient to the professor – else a zero will be recorded for the missed simulation.
There are 14 simulation quizzes scheduled for the semester. The lowest simulation quiz grade will be dropped
when determining a student’s course letter grade. If there is a failure to take a quiz and the student does not have
a University approved excuse, the zero received will be the grade that is dropped.
This component of the course is worth 10% of the final letter grade.
Gleim CPA Block Quizzes: You will only be allowed one attempt for each of the Block Quizzes. Each Block
Quiz will consist of twenty questions over the entire block. Block quizzes are 45 minutes and must be completed
with a two hour time period (we will set a day/time once classes have started).
Spring 2017
This component of the course is worth 25% of the final letter grade.
Final Examination: A final examination will consisting of 75 multiple choice questions from all Gleim SUs
assigned during the semester. You must have completed all the Block Quizzes before you will be allowed to take
the Final Exam. The Final Examination will, of necessity, be cumulative in that auditing is not a
compartmentalized activity.
This component of the course is worth 20% of the final letter grade.
Course and University Policies
Academic Honesty and Integrity: Angelo State University expects its students to maintain complete honesty
and integrity in their academic pursuits. Students are responsible for understanding and complying with the
university Academic Honor Code and the ASU Student Handbook.
Angelo State University expects its students to maintain complete honesty and integrity in their academic
pursuits. Students are responsible for understanding the Academic Honor Code, which is contained in both print
and web versions of the Student Handbook.
It is the professor’s intention to be as fair and impartial as is humanly possible. Therefore, all students will
be asked to adhere to the same set of guidelines and rules UNLESS there are disabilities or documented
extenuating circumstances that have been discussed with the professor and the Student Life Office. Please
make sure you inform the professor as soon as any situation arises. Do NOT wait until the problem is
compounded by poor class performance, poor attendance, etc.
Academic integrity is expected. This includes, but is not limited to, any form of cheating, plagiarism,
unauthorized sharing of work, or unauthorized possession of course materials. The professor assumes that
all students can be trusted. Please do not violate this trust. Violation of academic integrity will result in a
failing grade for the course.
College of Business Code of Ethics: Students, faculty, administrators and professional staff of the College of
Business should always:
Be forthright and truthful in dealings with all stakeholders
Take responsibility for one’s actions and decisions
Serve as an example of ethical decision-making and behavior to others
Admit errors when they occur, without trying to conceal them
Respect the basic dignity of others by treating them as one would wish to be treated
Collaboration: Students are to work alone and can neither give nor receive assistance on the individual projects
or during the exams. Collaboration of any form on these items will result in a failing grade for the course.
Students are encouraged and expected to collaborate, working together on all other aspects of the course,
including homework, studying and review preparation for exams.
Courtesy and Respect: Students are expected to assist in maintaining a classroom environment which is
conducive to learning. In order to assure that all students have an opportunity to gain from time spent in class,
unless otherwise approved by the instructor, students are prohibited from using cell phones or laptops (see class
policies). Students are also prohibited from making offensive remarks, reading newspapers, sleeping or engaging
in any other form of distraction. Inappropriate behavior in the classroom shall result in, minimally, a request to
leave class and a loss of professionalism points.
Courtesy and Respect are essential ingredients to this course. We respect each other's opinions and respect their
point of view at all times while in our class sessions. The use of profanity & harassment of any form is strictly
prohibited (Zero Tolerance), as are those remarks concerning one's ethnicity, life style, race (ethnicity), religion,
etc., violations of these rules will result in immediate dismissal from the course.
Accommodations for Disability: As stated in the Angelo State University Operating Policy and Procedure
(OP 10.15 Providing Accommodations for Students with Disabilities), the Student Life Office is the designated
campus department charged with the responsibility of reviewing and authorizing requests for reasonable
accommodations based on a disability, and it is the student's responsibility to initiate such a request by contacting
the Student Life Office at (325) 942-2191 or (325) 942-2126 (TDD/FAX) or by e-mail at
Spring 2017
Student.Life@angelo.edu to begin the process. The Student Life Office will establish the particular
documentation requirements necessary for the various types of disabilities.
Student absence for religious holidays: As stated in the Angelo State University Operating Policy and
Procedure (OP 10.19 Student Absence for Observance of Religious Holy Day), a student who intends to observe
a religious holy day should make that intention known in writing to the instructor prior to the absence. A student
who is absent from classes for the observance of a religious holy day shall be allowed to take an examination or
complete an assignment scheduled for that day within a reasonable time after the absence.
Course Drop: To view information about how to drop this course or to calculate important dates relevant to
dropping this course, visit http://www.angelo.edu/services/registrars_office/course_drop_provisions.php.
Incomplete as a Course Grade: As stated in the Angelo State University Operating Policy and Procedure
(OP 10.11 Grading Procedures), the grade I is given when the student is unable to complete the course because of
illness or personal misfortune. An I that is not removed before the end of the next long semester automatically
becomes an F. A graduate student will be allowed one year to remove a grade of I before it automatically
becomes an F. To graduate from ASU, a student must complete all I’s.
Grade Appeal Process: As stated in the Angelo State University Operating Policy and Procedure (OP 10.03
Student Grade Grievances), a student who believes that he or she has not been held to appropriate academic
standards as outlined in the class syllabus, equitable evaluation procedures, or appropriate grading, may appeal
the final grade given in the course. The burden of proof is upon the student to demonstrate the appropriateness of
the appeal. A student with a complaint about a grade is encouraged to first discuss the matter with the instructor.
For complete details, including the responsibilities of the parties involved in the process and the number of days
allowed for completing the steps in the process, see Operating Procedure 10.03 at:
http://www.angelo.edu/content/files/14196-op-1003-grade-grievance.
Name go here
The audit engagement partner has the ultimate responsibility for ensuring that a given audit is performed
in accordance with GAAS. Nevertheless, the fact does not diminish the professional responsibilities of the
other members of the engagement team. Yadda-yadda-yadda-yadda. . .
It is particularly important that all review comments written during an engagement be properly resolved.
The review process is the primary quality control mechanism for and independent audit. Yadda-yadda-yadda-
yadda. . .
Tentative Course Schedule: Any changes will be posted in on-line schedule of Blackboard.