Syracuse University School of Management
ACC 747 – Advanced Auditing
Randy Elder, Ph.D, CPA
518 Crouse Hinds School of Management (SOM)
Mon. & Wed.
5:30 - 6:50 p.m. in SOM 117
3:00 - 5:00 p.m.
2:00 - 4:00 p.m.
Also available by appointment.
This course is an advance course in auditing. The course materials consist primarily of empirical research and case studies on the subject of auditing designed to provide a deeper understanding of topics covered in the first auditing course. Subject matters include the demand for auditing, the nature of the audit market, differences in audit approaches, auditor decision-making, audit sampling, and audit risk. In addition, selected topics are covered that do not receive coverage in the first auditing course, especially information systems auditing. Students are expected to gain the following:
An understanding of the economic nature of auditing and the demand for audit and assurance services.
Knowledge of diversity in audit practice, and the various tools available to assist auditors in the performance of the audit.
Factors that affect audit performance and audit risk.
The ability to communicate concepts orally and in writing.
Required Texts and Materials
Coursepack of selected readings and course notes – Distributed by professor.
Contemporary Auditing: Issues and Cases, Knapp, ITP/South-Western College Publishing Co., 4th Ed., 2001.
Information Systems Auditing and Assurance, Hall, ITP/South-Western College Publishing Co., 1st Ed., 2000.
Both texts are available at the Orange Bookstore only. Research readings and course notes will be distributed at least one class in advance.
Auditing and Assurance Services: An Integrated Approach, Arens, Elder and Beasley, Prentice-Hall Inc. (or other auditing text).
Codification of Statements on Auditing Standards, AICPA.
Because this course is a seminar, attendance and participation by all members in class is expected and required. The course has been divided into several topics and segments. Although the format will vary by the topic covered, a typical class format is as follows:
Introduction to topic by professor
Presentation and discussion of research paper
Discussion of class discussion question found in course notes
Discussion of case
Topic wrap-up by professor
The professor will provide an introduction into each segment. Representative research studies and cases for each topic will then be discussed in class. For most research papers and discussion cases, one member of the class will be designated as the discussion leader. In addition to leading the discussion, the discussion leader will submit a written summary of the paper or case in a format prescribed by the instructor. The discussion leader will receive written feedback on his or her written evaluation and oral presentation the following class.
Each topic will have one or two major discussion issues. Each member of the class should prepare a written response to each question, which will be submitted at the end of class. In a seminar environment, the approach and conclusions of the authors of a research study should be critically examined. The comments of fellow class members and the professor are also subject to challenge for purposes of discussion. Students are expected to offer at least one comment every class.
Total points in the class are tentatively planned as follows:
3 ACL assignments
Discussion leader presentations...
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