Course Syllabus
Athabasca University
Accounting (ACCT) 460
Principles of Auditing (Revision 6)
Revision 6 closed Feb. 7, 2007, replaced by current version.
View previous syllabus
Delivery mode: Individualized study online.
Grouped study.**
Credits: 3 - Applied Studies.
Prerequisite: ACCT 253.
Centre: School of Business
ACCT 460 is not available for challenge.
**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
ACCT 460 introduces students to the concepts, principles, and practical applications of auditing in the business world. The course serves the needs of students planning to enter the accounting profession, particularly those who plan to pursue auditing careers. ACCT 460 emphasizes the concepts and practical applications that will serve as a foundation for developing 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, you must complete three written assignments and write a Final Examination. You must achieve a minimum grade of “D” (50 percent) on the final examination and a course composite grade of at least “D” (50 percent). The weighting of the composite mark is as follows:
| Assignment 1 | Assignment 2 | Assignment 3 | Final Exam | Total |
|---|---|---|---|---|
| 15% | 15% | 20% | 50% | 100% |
To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.
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. ISBN 0-13-009124-3
Other materials
All other materials will be available to students online.