ORGANIZATION OF THE COURSE Changes to this course outline may occur closer to the date of commencement of classes. Assignments and Readings Session Description ASSIGNMENT AND CLASS WORK Session 1 The Demand for Auditing, The Public Accounting Profession Thursday, May 21 Textbook Discussion/practice questions: Learning Objectives: 1-13, 1-18, 2-20 Identify the components of an audit and explain why REQUIRED READING: there is a demand for audits Chapter 1 The Demand For An Auditing And – Distinguish between accounting and auditing Assurance Profession Explore the different types of auditors and what they Chapter 2 - The Public Accounting Profession do Understand the responsibilities of public CPA Handbook: accountants CSQC 1 Explain generally accepted auditing standards CAS 200 (GAAS) CAS 220 Examine the characteristics of quality control for public accounting firms. Explain how quality control is managed. Assignment and Class Work Session 2 Overview of the Audit Process and the Standard Textbook 5-23, Independent Audit Report Discussion/practice questions: Thursday, May 28 5-29 (c), Learning Objectives: Kingston Company (web site) Review the objective of conducting an audit of financial statements Form Groups Understand the purpose of the standard audit report Distinguish between and the management’s REQUIRED READING: for the financial statements auditor’s responsibilities
ORGANIZATION OF THE COURSE Changes to this course outline may occur closer to the date of commencement of classes. Session Description Assignments and Readings Session 1 Thursday, May 21 The Demand for Auditing, The Public Accounting Profession Learning Objectives: Identify the components of an audit and explain why there is a demand for audits Distinguish between accounting and auditing Explore the different types of auditors and what they do Understand the responsibilities of public accountants Explain generally accepted auditing standards (GAAS) Examine the characteristics of quality control for public accounting firms. Explain how quality control is managed. ASSIGNMENT AND CLASS WORK Discussion/practice questions: Textbook 1-13, 1-18, 2-20 REQUIRED READING: Chapter 1 – The Demand For An Auditing And Assurance Profession Chapter 2 - The Public Accounting Profession CPA Handbook: CSQC 1 CAS 200 CAS 220 Session 2 Thursday, May 28 Overview of the Audit Process and the Standard Independent Audit Report Learning Objectives: Review the objective of conducting an audit of financial statements Understand the purpose of the standard audit report Distinguish between management’s and the auditor’s responsibilities for the financial statements Assignment and Class Work Discussion/practice questions: Textbook 5-23, 5-29 (c), Kingston Company (web site) Form Groups REQUIRED READING:
4551%20Summer%202015%20Course%20Outline%20rev1.docx