Accounting (ACCT) 460
Principles of Auditing (Revision 5)

This version of ACCT 460 closed May 27, 2005. To current version.
View previous syllabus

Delivery modes:
(Computer Required)

Individualized study online

Grouped study**
Credits: 3 - Applied Studies
Prerequisite: ACCT 253
Centre: School of Business
Challenge for Credit: ACCT 460 has a Challenge for Credit option

**Note: Students registering in grouped study, or grouped study international mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the School of Business Call Centre at 1-800-468-6531.

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


Overview

ACCT 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, Phases of the Audit, and Audit Evidence
  • Lesson 3: Auditing Planning, Materiality, and Risk
  • Lesson 4: Introduction to Internal Control, Assessment of Control Risk, and Audit Program Concepts
  • Lesson 5: Automated Information Systems and Audit Sampling
  • 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 ACCT 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: Students planning to transfer this course to a Professional Accounting designation (i.e., CMA, CGA, CA) are advised that they will be required to achieve a grade higher than the minimum passing grade. See http://business.athabascau.ca/profAcct/ for details.

Course Materials

Textbook

Arens, A A., Loebbecke, J. K., Lemon, W. M., & Splettstoesser, I. B. (2003). Auditing and other assurance services (9th Canadian ed.). Toronto, ON: Pearson Education Canada Inc.

Other Material

All other materials will be available to students online.

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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Opened in Revision 5, March 5/03. To archived version.
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This page was updated by G. Zahara