Professional Documents
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Accounting 831
Seminar in Auditing
Fall 2014
Instructor:
Office:
Office Phone:
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Office Hours:
1. COURSE MATERIALS
Any required readings, cases, or other handouts will be provided. I do recommend that you get
your hands on an undergraduate auditing text for reference, but it is not required.
2. COURSE DESCRIPTION AND OBJECTIVES
This course is an advanced course in auditing. Given my area of interest and the fact that many
of you will enter public accounting upon graduation, the course will primarily be focused on
audits of financial statements. (Hopefully!) You will integrate the knowledge acquired in your
undergraduate auditing principles and other courses, with readings from current professional
literature, empirical research, and case studies to form and communicate judgments about
complex audit issues. The course materials are designed to help you:
1. Improve your analysis, problem-solving, research, and decision-making skills.
2. Develop the skills, competencies, and professional judgment accounting professionals
(and everyone else!) require(s).
3. Understand and appreciate the role of the economic, regulatory, and technology
environment in auditors decision making (i.e., the role of auditors).
4. Learn to find and use auditing resources to resolve audit issues (i.e., do some research).
5. Enhance your ability to work in teams.
6. Develop the ability to communicate concepts orally and in writing.
7. Understand current issues in auditing.
8. Gain greater understanding of the audit process.
This is not a knowledge-based course that teaches you facts and basic concepts. You will not be
assessed on what you know, there are no formal exams in this class, and you will never see
anything remotely resembling multiple choice. On the contrary, this is a discussion-based course
designed to push the boundaries of your ability to think critically about different issues. From
that standpoint, the goal of this class is not to teach you debits and credits or help you pass the
CPA exam, but rather, to get you to think.
3. GRADES
Grading will be based on the following percentages:
Written Assignments (presentations, reports, case solutions)
Mid-term Exam
Final Exam
Participation
Total Percentage
35
20
25
20
100
Date
Analytical Procedures
RP4: Tropmeter, G., and A. Wright. 2010. The world has changed have analytical procedure
practices? Contemporary Accounting Research, 27 (2): 669-700.
Case 5a: Laramie Wire Manufacturing, in-class case
Case 5b: Return to Week 5!
Oct 08
RP5: Christensen, B., R. Elder, and Steven Glover. 2013. Behind the numbers: Insights
into large audit firms sampling approaches. Working paper, Texas A&M University.
Case 6: Making Connections
Oct 15
Mid-Term, In-class.
Oct 22
Oct 29
Audit Regulations
Case 8: Discussion piece.
UNL Policies: I follow all UNL policies concerning students with disabilities, nondiscrimination in the classroom, and any other matters. Please see the student handbook or UNL
web-site for additional information.
Caveat: Anything and everything in this syllabus is subject to change at my discretion. It has
been my experience that this class changes throughout the semester based on my changing
interests, what current events are being discussed in the audit world, and what I think may be
helpful, and interesting, for you. So expect things to change from the posted schedule.
1.5 2.4 = B
0.5 1.4 = B<0.5 = C or worse
8. PARTICIPATION GUIDELINES
Participation is graded on a scale of 0 5, with 5 = A, 4 = A-, 3 = B+, 2 = B, 1 = B-, and 0 = C+
and is 20 percent of your grade.
There are three components to the participation grade (read carefully, this is very confusing!):
Attendance
This class only meets once a week, so it is imperative that you attend every week.
1) If you miss one class (for any reason) the highest grade you can possibly receive is a 4.
2) If you miss two classes (for any reason) the highest grade you can possibly receive is a 2.
3) If you miss three classes (for any reason) you will receive a 0.
4) If you miss four or more classes (for any reason) you will receive a 0 and your final grade
otherwise will be lowered by one full grade (i.e., if you miss 4 classes and earn a B in
the class overall with a 0 for participation, your final grade will be lowered to a C).
Speaking your mind
You have to actively participate in life. For 831 that means you need to speak-up in-class. So,
assuming you attend every class Ill categorize you as:
1) not providing any in-class comments or rarely providing constructive comments (e.g. a
couple times during the semester)
2) providing constructive comments at nearly every week, or
3) providing constructive comments on average more than once a week.
Your overall participation grade will then be adjusted accordingly, based on my assessment.
What is a constructive comment? Put simply, its a comment that adds value to the discussion. It
can be factual (e.g., stating a Standard), applied (e.g., something from your experience), or
insightful (e.g., a reasoned argument in favor of a new regulation). In the end, it is my call as to
whether you are providing constructive comments, or just comments.
831 Blog:
This is a new one for me. I hope it goes well. Im going to start an 831 blog and you all will be
required to post/comment. In teams of two, each of you will have an opportunity to act as BlogMaster. A small part of your participation grade will be based on your blog interaction.
Overall
Other than the attendance floors, I do not (and, in fact, cannot) have an objective grading policy
for participation. In the end, you earn what I think you deserve. I will do my best to be fair in my
grading; it is up to you to make my decision an easy one!