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Course Details

Course Number
Section Number
Fall 2010
Dillard College of Business Administration
Classroom Number
Days & Times

5:30 p.m. - 6:50 p.m.

Dr. Terry Patton CPA, CGMA, CGFM (view Profile)
Course Objectives

General Learning Goals:

Problem solving and decision-making abilities through critical analysis, evaluation, and

interpretation of auditing problems. During class, students will be instructed on the problem

solving and critical thinking skills needed by an auditor. Students will practice these skills in

homework problems and the Integrated Audit Practice Case. The Integrated Audit Practice Audit

Case will be graded. Also, exams that demonstrate the use of these abilities will be graded.

Course Expectations

Course Specific Learning Goals:

Successful auditors must have a good knowledge of generally accepted accounting

principles, the audit process, and auditing standards. Your previous accounting courses

should have provided you with a good knowledge of generally accepted accounting

principles. Yet, knowledge alone is not sufficient to become a successful auditor. An auditor

must be able to exercise professional judgment. My goals for this course are to develop an

environment that will maximize your understanding of the audit process and the rules of

auditing and to begin to develop your ability to exercise professional judgment.

Auditing, unlike most other accounting courses, does not rely heavily on number crunching.

Yet, auditing tends to be a very difficult class for students who do not have practical auditing

experience. The best way that I know to help you to begin to understand the audit process is

to have you perform audit procedures. Therefore, you will complete the Integrated Audit

Practice Case, which simulates certain parts of the audit process.

At the end of the semester, you should:

Understand and be able to use auditing terminology;

Have a comprehensive knowledge of the types of audit reports that exist and when they

should be used;

Have a basic understanding of audits of internal control;

Understand the steps in the audit process from planning the audit to assessing internal

control to developing and completing an audit program;

Understand basic auditing concepts including audit sampling and the accumulation of

audit evidence;

Understand how to collect, document, and interpret audit evidence; and

Understand the steps and documentation necessary to complete an audit engagement.

Grading Standards

Grading and Evaluation:

The following exams and assignments provide a student the opportunity to earn the following

number of points:

Exam #1 100

Exam #2 100

Exam #3 100

Comprehensive Final Exam 100

Integrated Audit Practice Case 100

Total Points 500

Your score in this class will be based on the points you earn out of the maximum 500 points.

Minimum letter grades for this course will be assigned according to the table below.


Each chapter has a set of “Multiple Choice Questions.” You should review all of the multiple

choice questions assigned from each chapter because some of these questions may appear on

the examinations. The exams likely will include both objective and subjective questions and


Final Exam

The final exam is comprehensive. Please note the time for the final exam.

Integrated Audit Practice Case

The Integrated Audit Practice Case simulates the steps that an auditor has to take when

conducting an audit. The case will be graded for completeness and correctness. The steps

necessary to complete the case will be discussed in class.

Submission Format Policy Note: You may not submit a paper for a grade in this class that already has been (or will be) submitted for a grade in another course, unless you obtain the explicit written permission of me and the other instructor involved in advance.
Late Paper Policy

Missed Examination Policy

Only students with authorized absences (see University Class Attendance Policy) may make up

missed examinations. Any student who does not take these exams on the scheduled date MUST

meet the following criteria in order to be able to make up the examination:

you MUST have discussed the scheduling problem with me BEFORE the scheduled exam

time slot

you MUST follow up this discussion with an e-mail that confirms our agreement BEFORE the

scheduled exam time slot

Note that the make-up examination will not be the same exam as the one given during the

regularly scheduled examination, and will not be graded on a curve.

Incomplete Grade Policy

A grade of "incomplete" is given only in the case of emergencies, and complete documentation

for the situation is required. The grade of “incomplete” is not given so that students who are

doing poorly may get a second chance at the course. The rare case of an incomplete will be

handled with a comprehensive make-up examination different than the final given to the class,

and will be graded on a different scale. This comprehensive make-up exam must be completed

within 30 days of the beginning of the next semester.

Plagiarism Policy

Plagiarism is the use of someone else's thoughts, words, ideas, or lines of argument in your own work without appropriate documentation (a parenthetical citation at the end and a listing in "Works Cited")-whether you use that material in a quote, paraphrase, or summary. It is a theft of intellectual property and will not be tolerated, whether intentional or not.

Student Honor Creed

As an MSU Student, I pledge not to lie, cheat, steal, or help anyone else do so."

As students at MSU, we recognize that any great society must be composed of empowered, responsible citizens. We also recognize universities play an important role in helping mold these responsible citizens. We believe students themselves play an important part in developing responsible citizenship by maintaining a community where integrity and honorable character are the norm, not the exception.

Thus, We, the Students of Midwestern State University, resolve to uphold the honor of the University by affirming our commitment to complete academic honesty. We resolve not only to be honest but also to hold our peers accountable for complete honesty in all university matters.

We consider it dishonest to ask for, give, or receive help in examinations or quizzes, to use any unauthorized material in examinations, or to present, as one's own, work or ideas which are not entirely one's own. We recognize that any instructor has the right to expect that all student work is honest, original work. We accept and acknowledge that responsibility for lying, cheating, stealing, plagiarism, and other forms of academic dishonesty fundamentally rests within each individual student.

We expect of ourselves academic integrity, personal professionalism, and ethical character. We appreciate steps taken by University officials to protect the honor of the University against any who would disgrace the MSU student body by violating the spirit of this creed.

Written and adopted by the 2002-2003 MSU Student Senate.

Students with Disabilities

The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the Disability Support Services in Room 168 of the Clark Student Center, (940) 397-4140.

Safe Zones Statement

The professor considers this classroom to be a place where you will be treated with respect as a human being - regardless of gender, race, ethnicity, national origin, religious affiliation, sexual orientation, political beliefs, age, or ability. Additionally, diversity of thought is appreciated and encouraged, provided you can agree to disagree. It is the professor's expectation that ALL students consider the classroom a safe environment.

Contacting your Instructor

All instructors in the Department have voicemail in their offices and MWSU e-mail addresses. Make sure you add your instructor's phone number and e-mail address to both email and cell phone lists of contacts.

Attendance Requirements

Regular attendance is expected and roll will be taken. A seating chart will be used to note your

presence in class, and students with more than 3 unauthorized absences will be dropped from

the course and receive a grade of WF. (Please refer to pages 39 and 40 of the 2009-2010 MSU

Student Handbook for Class Attendance Policy and Authorized Absences and also to pages 77

and 78 of the 2010-2012 Undergraduate Catalog for a discussion on Authorized Absences.)

Each meeting of the class will run as scheduled. So as not to disturb the class, you are not to walk in

and out of the classroom during the class hour except for an emergency.

Other Policies

Incomplete Grade Policy

A grade of "incomplete" is given only in the case of emergencies, and complete documentation

for the situation is required. The grade of “incomplete” is not given so that students who are

doing poorly may get a second chance at the course. The rare case of an incomplete will be

handled with a comprehensive make-up examination different than the final given to the class,

and will be graded on a different scale. This comprehensive make-up exam must be completed

within 30 days of the beginning of the next semester.

Extra Credit Policy

There are no opportunities for extra credit in this class, so please do your best on all exams.

Other Policies

Class will be conducted in a business-like fashion. You should arrive on time and not leave the class

early unless you have been granted permission by the professor prior to class. No food or drinks are

allowed in the classroom. Cell phones must be turned off during class. This means that text

messaging and talking on a cell phone are not allowed.

C. Class Organization

Classes will be conducted as a combination of lectures, problem solving, and class discussions.

You are expected to attend class, to have read the assigned materials and be ready to discuss

the assigned homework. I also expect you to be active learners in this class. I will ask questions

and will randomly call on students to answer them.

PowerPoint slide handouts will be prepared for each chapter. Students are responsible for

printing out these handouts and bringing them to class each day. Failure to bring these notetaking

handouts will seriously affect your in-class learning as you won’t have the information to

work the problems we do in class together.

I may occasionally send emails to the entire class. These may include help or suggestions on

problems. You may also send me particularly good questions or observations that I will forward

to all class members. Therefore, you should check your email regularly.

Syllabus Change Policy:

This syllabus is a general outline of material covered, learning goals, grading procedures and

student performance requirements. Material covered, dates of tests, and percent of total grade

will vary as necessitated by the pace material is covered and any unforeseen class interruptions

such as weather cancelations, guest lectures, or instructor illness.

This syllabus is a guide for the course and is subject to change.

Writing Proficiency Requirement

All students seeking a Bachelor's degree from Midwestern State University must satisfy a writing proficiency requirement once they've 1) passed the 6 hours of Communication Core and and 2) earned 60 hours. You may meet this requirement by passing either the Writing Proficiency Exam or English 2113. Please keep in mind that, once you've earned over 90 hours, you lose the opportunity to take the $25 exam and have no option but to enroll in the three-credit hour course. If you have any questions about the exam, visit the Writing Proficiency Office website at, or call 397-4131.

Campus Carry

Senate Bill 11 passed by the 84th Texas Legislature allows licensed handgun holders to carry concealed handguns on campus, effective August 1, 2016. Areas excluded from concealed carry are appropriately marked, in accordance with state law. For more information regarding campus carry, please refer to the University’s webpage at

If you have questions or concerns, please contact MSU Chief of Police Patrick Coggins at