Accounting (ACCT) 460
Principles of Auditing (Revision 4)

This version of ACCT 460 closed March 5/03.

Delivery modes: Individualized study (May be offered online or online-enhanced. Confirm status before registering.)

Grouped study

**e-Class® (Availability is subject to a minimum number of registrations. Students registered in an e-Class® offering that must be cancelled due to insufficient registrations will be notified by December 12 for January start dates and August 12 for September start dates.
Credits: 3 - Applied Studies
Prerequisite: ACCT 253
Note: The American version of this course is ACCT 461
Centre: School of Business
Challenge for Credit: ACCT 460 has a Challenge for Credit option

**Note: Students registering in the e-Class® delivery should note that there may be some differences in the Evaluation and Course Materials information indicated below. To obtain the most up to date e-Class® information, contact the School of Business Call Centre at 1-800-468-6531.

>> Overview | Outline | Evaluation | Course Materials | Course Fees | Course Availability


Overview

Accounting 460 introduces students to the principles and concepts of auditing. The course serves the needs of students planning to enter the accounting profession. Accounting 460 emphasizes concepts and practical applications that will help students develop auditing skills.

Outline

  • Lesson 1 Introduction to Auditing
  • Lesson 2 Professional Ethics, Audit Objectives, Audit Phases, Audit Evidence
  • Lesson 3 Auditing Planning, Materiality, and Risk
  • Lesson 4 Introduction to Internal Control, Assessment of Control
  • Lesson 5 Audit Sampling and EDP Auditing
  • Lesson 6 Audit of the Sales and Receivables Cycle
  • Lesson 7 Audit of the Purchases and Payables Cycle
  • Lesson 8 Audit of the Payroll and Inventory Cycles
  • Lesson 9 Completion of the Audit, and Other Types of Auditing
  • Lesson 10 Fraud

Evaluation

To receive credit for Accounting 460, students must achieve a composite course mark of at least a "D" (50 percent) and a mark of at least 50 percent on the final examination. The weighting of the composite mark is as follows:

Assignment 1 Assignment 2 Assignment 3 Final Exam Total
15% 15% 20% 50% 100%

Note: A composite mark of 67 percent is required for transfer credit to the Society of Management Accountants of Alberta.

Course Materials

Textbook

Alvin J. Arens, James K. Loebbecke, W. Morley Lemon, and Ingrid B. Splettstoesser. 2000. Auditing and Other Assurance Services Canadian 8th ed. Scarborough, ON: Prentice-Hall Canada.

Booklets

Comprehensive Auditing: An Introduction..1994. Ottawa, ON: Canadian Comprehensive Auditing Foundation.

Standards for the Professional Practice of Internal Auditing. 1998. Altamonte Springs, Florida: The Institute of Internal Auditors.

Other Material

The course materials also include a study guide.

Athabasca University reserves the right to amend course outlines occasionally and without notice.
Courses offered by other delivery methods may vary from their individualized-study counterparts.

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Athabasca University
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Athabasca, AB T9S 3A3
(780) 675-6111, (800) 788-9041
Open in version 4 March 29, 2001.
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This page was updated by G. Zahara