Class Reading Assignments to do Other Assignments to do No. Date Topic(s) Before Class Before Class ASSESSING RISKS 9 Tues., General process of risk JGR, Ch. 5 193-194; Ch. 6 Read the Asher Farms – 9/19 assessment; assessing 257-258 case pp. 51, 53-54 (on – – inherent risk of errors Blackboard). We will do AS 1101.05-.08; an audit task with this case .41-.45, .59-.64, .70-.71, in class. .74, Appendix A 10 Thurs., Assessing inherent risk of JGR, Ch. 2 42-55; Read the Pleasant Pasta – 9/21 earnings management and Ch. 9 396-403 case (on Blackboard) and – fraud; fraud brainstorming think about the indicated AS 2110.49-.58, .65-.69, questions to discuss in 2401.01-.13, Appendix class. Duncan, 2001 Elkind, 2013 Epstein and Ramamoorti, 2016 11 Tues., Using analytical JGR, Ch. 7 304-309 Read and do question 1 of – 9/26 procedures to assess risks the Laramie Wire case* AS 2110.46-.48 (pp. 233-235, on Blackboard). We will do Hitzig, 2004 further audit tasks with this information in class. *Specifically, just calculate common ratios (e.g., Inventory Turnover) for 2014 and 2013, and also changes in account balances from last year to this year (these are standard analytical procedures for IR assessment). TBD 12 Thurs. EXAM 1 IN CLASS –
Class No. Date Topic(s) Reading Assignments to do Before Class Other Assignments to do Before Class ASSESSING RISKS 9 Tues., 9/19 General process of risk assessment; assessing inherent risk of errors JGR, Ch. 5 – 193-194; Ch. 6 – 257-258 AS 1101.05-.08; .41-.45, .59-.64, .70-.71, .74, Appendix A Read the Asher Farms case – pp. 51, 53-54 (on Blackboard). We will do an audit task with this case in class. 10 Thurs., 9/21 Assessing inherent risk of earnings management and fraud; fraud brainstorming JGR, Ch. 2 – 42-55; Ch. 9 – 396-403 AS 2110.49-.58, .65-.69, 2401.01-.13, Appendix Duncan, 2001 Elkind, 2013 Epstein and Ramamoorti, 2016 Read the Pleasant Pasta case (on Blackboard) and think about the indicated questions to discuss in class. 11 Tues., 9/26 Using analytical procedures to assess risks JGR, Ch. 7 – 304-309 AS 2110.46-.48 Hitzig, 2004 Read and do question 1 of the Laramie Wire case* (pp. 233-235, on Blackboard). We will do further audit tasks with this information in class. *Specifically, just calculate common ratios (e.g., Inventory Turnover) for 2014 and 2013, and also changes in account balances from last year to this year (these are standard analytical procedures for IR assessment). TBD 12 EXAM 1 – IN CLASS Thurs.
ACCT%20546%20Syllabus%202017-1.docx