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F L ORIDA ~ATLANTIC UNIVERSITYM
Graduate Programs- NEW COURSE PROPOSAL D EPAR TMENT NAME SCHOOL OF A C COUNT ING COLLEGE OF BUSINESS
RECOMMENDED COURSE I DENTIFICATION
P REFIX ACG____ COURSE N UMBER _5645___ LAB CODE (L or C) _C_
(To OBTAIN A COURSE NUMBER CONTACT ERUDOLPHFAUEDU)
C OMPLETE COURSE TITLE AUDITING AND A SSURANCE SERVIC ES 2
UGPC ApPROVAL _______
UFS APPROVAL _ _ __ _____
SCNS SUBMITTAL _______
CONFIRMED _________
BANNER POSTED ________
ONLINE __________ _
Mise
EFFECTIVE DATE (first term course will be offered)
C REDITS 3 ~EXTBOOK INFORMATION Hooks Kl Auditing and Assurance Services Understanding the
Integrated Audit NJ John Wiley amp Sons Inc 2011 AICPA Profession a Standards
Vol2 published annually by the AICPA
G RADING (SELECT ONL Y ONE GRADING OPTION) REGULA~ _X_ PAssFAIL ___ SATISFACTORyUNSATISFACTORY ___
C OURSE DESCRIPTION NO MORE THAN 3 LINES
A continuation of ACG 4651 Study of auditing the different transaction cycles and accounts of a business AICPA attestation standards and engagements AICPA compilation and review standards and engagements IFAC Code of Ethics for Professional Accountants IAASB International Standards on Auditing
P REREQUISITES WMINIMUM GRADE COREQUISITES NONE
ACG 4651 (or equivalent) or ACG
6635 (or equivalent) with a Cor better
OTHER REGISTRATION CONTROLS (M AJOR COLLEGE LEVEL)
PREREQUISITES COREQUlSITES amp REGISTRATION CONTROLS SHOWN ABOVE WILL BE ENFORCED FOR ALL COURSE SECTIONS
D EFAULT MINIMUM GRADE IS D-
MINIMUM QUALIFICATIONS NEEDED TO TEACH THIS COURSE PHD
Other departments colleges that might be affected by the new course must be consulted List entities tha t have been consulted and attach written comments from each
Karen l Hooks khooksfau edu (954) 762-5690
Faculty Contact Email Complete Phone Number
SIGNATURES
Approved by V Department Chair ~ ~ College CUCOUlum~~~ College Dean ~Q~ LJ2L~ UGPC Chair __________________
Dean of the Graduate College
Date
__91010____
11 - D
LO ~i) O
SUPPORT fNG MATERIALS
Sylla bus- must include a ll details as shown in the UG PC G uidel ines
Written Consent-required from all departments affected
Go to hipoigraduate jauedugpcl to download this fonTI and guidelines to fill out the Fonn
Email this form and syllabus to diamondfauedu and eqirjofauedu one week before the University Graduate Programs Committee meeting so that materials may be viewed on the UGPC website by committee members prior to the meeting
FAUnewcrseCrad- Revised j anuary 201 ()
ACG 5645 Audit and Assurance Services 2
Professor Karen L Hooks PhD CPA Office Askew Tower 548 Email khooksfauedu Phone 954-762-5690
Class time TBA Class locat ion TBA Office hours TBA
Course Description A continuation of ACG 4651 Study of auditing the different transaction cycles and accounts of a business AICPA attestation standards and engagements AICPA compilation and review standards and engagements IFAC Code of Ethics for Professional Accountants IAASB International Standards on Aud iting
Prerequisites ACG 4651 (or equivalent) or ACG 6635 (or equivalent) with a C or better
Course Learning Objectives
1 Understand the application of audit procedures to the different transactions transaction cycles and accounts of businesses using US and international clarified standards 2 Be familiar with US attest and compilation and review standards and engagements 3 Learn and compare the US and international ethics and conduct codes for professional acco untants
Required Materials
Texts Hooks KL Auditing and Assurance Services Understanding the Integrated Audit (first ed ition) NJ John Wiley amp Sons Inc 2011
AICPA Professional Standards Vol2 published annually by the AICPA
Professional standards accessed online or through library resources
1 American I nstitute of CP As AI CP A (www aicpaorg) Statements on Auditing Standards Statements on Standards for Attestation Engagements 2 Public Company Accounting Oversight Board PCAOB (www caobusor r) Auditing Standards Rules of the Board 3 International Auditing and Assurance Standards Board IAASB (wwwifacorgiaasb) International Standards on Auditing 4 International Federat ion of Accountants IFAC (wwwifucorgEthics) Handboo k of the Code of Jhics for Pro fessional Accountants
Blackboard An infonnation posted on the Blackboard web page for this course
Course Information and Requirements
1 Class format may consist oflecture class discussion problem solving and small group work 2 Three non-cumulative scheduled exams unannounced quizzes graded assignments and participation may be used in determining course grades 3 Scheduled exams will take place as announced If you miss an exam and the absence is excused based on university po licy the po ints may be made up by additional weighting of other exams Unanno unced quizzes and other graded in-class work cannot be made up 4 Unifonn Course Po licies for the School of Accounting can be fo und at httpwww oatauedupoJicieshtml and apply to this course 5 It is the responsib ility of any students affected to prompt ly not ify the professor of any conflicts due to religious observance so that accommodations can be arranged 6 In compliance with the Americans with Disabilities Act (ADA) students who require special accommodation due to a disability to properly execute course work must register with the Office jar Students with Disabilities andfollow all OSD procedures 7 Students at Florida Atlantic University are expected to maintain the highest ethical standards Academic dishonesty is considered a serious breach of these ethical standards because it interferes with the university mission to provide a high quality education in which no student enjoys an unfair advantage over any other Academic dishonesty is also destructive ofthe university community which is grounded in a system omutual trust and places high value on personal integrity and individual responsibility Harsh penalties are associated with academic dishonesty For more information see University Regulation 4001 at httpwisefau edulregulationschapter44001 Code of Academic Integritypdf
Final Grades Final grades will be detennined according to the following scale
A = 9200 B- = 8000-8199 D+ = 6800-6997 A- = 9000-9199 c + = 7800-7999 D = 6088-6799 B+ = 8800-8999 C = 7000-7799 F = Below 60 B = 8200-8799 C- = 6998-6999
Course Schedule
Topic Overview of Yarious Standard S tting Structures
PCAOB AICPA IFAC IAASB
Reading Source
Websites
International Auditing Standards IF AC website
IF AC Code of Ethics Contrast US and International codes
IF AC website AICPA Prof Standards
2
Industry Descriptions Chapter 5 Appendix A
Auditing Revenue Processes Sales Billing and Chapter 10 Collection in the Health Car Provider and Retailing Industries
Auditing Acquisition and Payments Processes Cash Chapter 12 Disbursements and Related Activities in the Automotive Industry
Audit ing Human Reso urces Processes Personnel and Chapter 13 Payroll in Service Industries
An Engagement to Issue a Report on the Processing of Transactions by a Service rganization for Use by other Auditors Chapter 13 Appendix A
Audit ing Inventory Processes Tracking and Cost Products in Chapter 14 the Land Development and Home Building Industry
Aud it ing Assets Liabilit ies and Equity Re lated to the Chapter 15 Financing Cycle
Audit Reporting Other than Unqual ified Reports Chapter 1 1 begin p 597
Other Assurance Engagement and Reporting Topics AlCP A website and FAU Library resources
Attestation Services AICPA website and FAU L ibrary resources
Account ing and Review Services AlCPA Prof Standards
3
References List
Lo uwers TJ Ramsay R1 Sinason DH Strawser l R amp Thibodeau l e Auditing amp Assurance Services (4th ed ition) NY McGraw-HiIlllrwin 20 11
Messier WF Jr Glover SM Prawitt DF Auditing amp Assurance Services A Ssystematic Approach (ih edition) NY McGraw-HillIrwin 2010
Rittenberg LE Johnstone KM Gramling AA Auditing A Business Risk Approach (ih
edition) OH South-Western Cengage Learning 2010
4
ACG 5645 Audit and Assurance Services 2
Professor Karen L Hooks PhD CPA Office Askew Tower 548 Email khooksfauedu Phone 954-762-5690
Class time TBA Class locat ion TBA Office hours TBA
Course Description A continuation of ACG 4651 Study of auditing the different transaction cycles and accounts of a business AICPA attestation standards and engagements AICPA compilation and review standards and engagements IFAC Code of Ethics for Professional Accountants IAASB International Standards on Aud iting
Prerequisites ACG 4651 (or equivalent) or ACG 6635 (or equivalent) with a C or better
Course Learning Objectives
1 Understand the application of audit procedures to the different transactions transaction cycles and accounts of businesses using US and international clarified standards 2 Be familiar with US attest and compilation and review standards and engagements 3 Learn and compare the US and international ethics and conduct codes for professional acco untants
Required Materials
Texts Hooks KL Auditing and Assurance Services Understanding the Integrated Audit (first ed ition) NJ John Wiley amp Sons Inc 2011
AICPA Professional Standards Vol2 published annually by the AICPA
Professional standards accessed online or through library resources
1 American I nstitute of CP As AI CP A (www aicpaorg) Statements on Auditing Standards Statements on Standards for Attestation Engagements 2 Public Company Accounting Oversight Board PCAOB (www caobusor r) Auditing Standards Rules of the Board 3 International Auditing and Assurance Standards Board IAASB (wwwifacorgiaasb) International Standards on Auditing 4 International Federat ion of Accountants IFAC (wwwifucorgEthics) Handboo k of the Code of Jhics for Pro fessional Accountants
Blackboard An infonnation posted on the Blackboard web page for this course
Course Information and Requirements
1 Class format may consist oflecture class discussion problem solving and small group work 2 Three non-cumulative scheduled exams unannounced quizzes graded assignments and participation may be used in determining course grades 3 Scheduled exams will take place as announced If you miss an exam and the absence is excused based on university po licy the po ints may be made up by additional weighting of other exams Unanno unced quizzes and other graded in-class work cannot be made up 4 Unifonn Course Po licies for the School of Accounting can be fo und at httpwww oatauedupoJicieshtml and apply to this course 5 It is the responsib ility of any students affected to prompt ly not ify the professor of any conflicts due to religious observance so that accommodations can be arranged 6 In compliance with the Americans with Disabilities Act (ADA) students who require special accommodation due to a disability to properly execute course work must register with the Office jar Students with Disabilities andfollow all OSD procedures 7 Students at Florida Atlantic University are expected to maintain the highest ethical standards Academic dishonesty is considered a serious breach of these ethical standards because it interferes with the university mission to provide a high quality education in which no student enjoys an unfair advantage over any other Academic dishonesty is also destructive ofthe university community which is grounded in a system omutual trust and places high value on personal integrity and individual responsibility Harsh penalties are associated with academic dishonesty For more information see University Regulation 4001 at httpwisefau edulregulationschapter44001 Code of Academic Integritypdf
Final Grades Final grades will be detennined according to the following scale
A = 9200 B- = 8000-8199 D+ = 6800-6997 A- = 9000-9199 c + = 7800-7999 D = 6088-6799 B+ = 8800-8999 C = 7000-7799 F = Below 60 B = 8200-8799 C- = 6998-6999
Course Schedule
Topic Overview of Yarious Standard S tting Structures
PCAOB AICPA IFAC IAASB
Reading Source
Websites
International Auditing Standards IF AC website
IF AC Code of Ethics Contrast US and International codes
IF AC website AICPA Prof Standards
2
Industry Descriptions Chapter 5 Appendix A
Auditing Revenue Processes Sales Billing and Chapter 10 Collection in the Health Car Provider and Retailing Industries
Auditing Acquisition and Payments Processes Cash Chapter 12 Disbursements and Related Activities in the Automotive Industry
Audit ing Human Reso urces Processes Personnel and Chapter 13 Payroll in Service Industries
An Engagement to Issue a Report on the Processing of Transactions by a Service rganization for Use by other Auditors Chapter 13 Appendix A
Audit ing Inventory Processes Tracking and Cost Products in Chapter 14 the Land Development and Home Building Industry
Aud it ing Assets Liabilit ies and Equity Re lated to the Chapter 15 Financing Cycle
Audit Reporting Other than Unqual ified Reports Chapter 1 1 begin p 597
Other Assurance Engagement and Reporting Topics AlCP A website and FAU Library resources
Attestation Services AICPA website and FAU L ibrary resources
Account ing and Review Services AlCPA Prof Standards
3
References List
Lo uwers TJ Ramsay R1 Sinason DH Strawser l R amp Thibodeau l e Auditing amp Assurance Services (4th ed ition) NY McGraw-HiIlllrwin 20 11
Messier WF Jr Glover SM Prawitt DF Auditing amp Assurance Services A Ssystematic Approach (ih edition) NY McGraw-HillIrwin 2010
Rittenberg LE Johnstone KM Gramling AA Auditing A Business Risk Approach (ih
edition) OH South-Western Cengage Learning 2010
4
Course Information and Requirements
1 Class format may consist oflecture class discussion problem solving and small group work 2 Three non-cumulative scheduled exams unannounced quizzes graded assignments and participation may be used in determining course grades 3 Scheduled exams will take place as announced If you miss an exam and the absence is excused based on university po licy the po ints may be made up by additional weighting of other exams Unanno unced quizzes and other graded in-class work cannot be made up 4 Unifonn Course Po licies for the School of Accounting can be fo und at httpwww oatauedupoJicieshtml and apply to this course 5 It is the responsib ility of any students affected to prompt ly not ify the professor of any conflicts due to religious observance so that accommodations can be arranged 6 In compliance with the Americans with Disabilities Act (ADA) students who require special accommodation due to a disability to properly execute course work must register with the Office jar Students with Disabilities andfollow all OSD procedures 7 Students at Florida Atlantic University are expected to maintain the highest ethical standards Academic dishonesty is considered a serious breach of these ethical standards because it interferes with the university mission to provide a high quality education in which no student enjoys an unfair advantage over any other Academic dishonesty is also destructive ofthe university community which is grounded in a system omutual trust and places high value on personal integrity and individual responsibility Harsh penalties are associated with academic dishonesty For more information see University Regulation 4001 at httpwisefau edulregulationschapter44001 Code of Academic Integritypdf
Final Grades Final grades will be detennined according to the following scale
A = 9200 B- = 8000-8199 D+ = 6800-6997 A- = 9000-9199 c + = 7800-7999 D = 6088-6799 B+ = 8800-8999 C = 7000-7799 F = Below 60 B = 8200-8799 C- = 6998-6999
Course Schedule
Topic Overview of Yarious Standard S tting Structures
PCAOB AICPA IFAC IAASB
Reading Source
Websites
International Auditing Standards IF AC website
IF AC Code of Ethics Contrast US and International codes
IF AC website AICPA Prof Standards
2
Industry Descriptions Chapter 5 Appendix A
Auditing Revenue Processes Sales Billing and Chapter 10 Collection in the Health Car Provider and Retailing Industries
Auditing Acquisition and Payments Processes Cash Chapter 12 Disbursements and Related Activities in the Automotive Industry
Audit ing Human Reso urces Processes Personnel and Chapter 13 Payroll in Service Industries
An Engagement to Issue a Report on the Processing of Transactions by a Service rganization for Use by other Auditors Chapter 13 Appendix A
Audit ing Inventory Processes Tracking and Cost Products in Chapter 14 the Land Development and Home Building Industry
Aud it ing Assets Liabilit ies and Equity Re lated to the Chapter 15 Financing Cycle
Audit Reporting Other than Unqual ified Reports Chapter 1 1 begin p 597
Other Assurance Engagement and Reporting Topics AlCP A website and FAU Library resources
Attestation Services AICPA website and FAU L ibrary resources
Account ing and Review Services AlCPA Prof Standards
3
References List
Lo uwers TJ Ramsay R1 Sinason DH Strawser l R amp Thibodeau l e Auditing amp Assurance Services (4th ed ition) NY McGraw-HiIlllrwin 20 11
Messier WF Jr Glover SM Prawitt DF Auditing amp Assurance Services A Ssystematic Approach (ih edition) NY McGraw-HillIrwin 2010
Rittenberg LE Johnstone KM Gramling AA Auditing A Business Risk Approach (ih
edition) OH South-Western Cengage Learning 2010
4
Industry Descriptions Chapter 5 Appendix A
Auditing Revenue Processes Sales Billing and Chapter 10 Collection in the Health Car Provider and Retailing Industries
Auditing Acquisition and Payments Processes Cash Chapter 12 Disbursements and Related Activities in the Automotive Industry
Audit ing Human Reso urces Processes Personnel and Chapter 13 Payroll in Service Industries
An Engagement to Issue a Report on the Processing of Transactions by a Service rganization for Use by other Auditors Chapter 13 Appendix A
Audit ing Inventory Processes Tracking and Cost Products in Chapter 14 the Land Development and Home Building Industry
Aud it ing Assets Liabilit ies and Equity Re lated to the Chapter 15 Financing Cycle
Audit Reporting Other than Unqual ified Reports Chapter 1 1 begin p 597
Other Assurance Engagement and Reporting Topics AlCP A website and FAU Library resources
Attestation Services AICPA website and FAU L ibrary resources
Account ing and Review Services AlCPA Prof Standards
3
References List
Lo uwers TJ Ramsay R1 Sinason DH Strawser l R amp Thibodeau l e Auditing amp Assurance Services (4th ed ition) NY McGraw-HiIlllrwin 20 11
Messier WF Jr Glover SM Prawitt DF Auditing amp Assurance Services A Ssystematic Approach (ih edition) NY McGraw-HillIrwin 2010
Rittenberg LE Johnstone KM Gramling AA Auditing A Business Risk Approach (ih
edition) OH South-Western Cengage Learning 2010
4
References List
Lo uwers TJ Ramsay R1 Sinason DH Strawser l R amp Thibodeau l e Auditing amp Assurance Services (4th ed ition) NY McGraw-HiIlllrwin 20 11
Messier WF Jr Glover SM Prawitt DF Auditing amp Assurance Services A Ssystematic Approach (ih edition) NY McGraw-HillIrwin 2010
Rittenberg LE Johnstone KM Gramling AA Auditing A Business Risk Approach (ih
edition) OH South-Western Cengage Learning 2010
4