This course is designed to present the fundamental concepts and theories in auditing and promote the application to the workplace and professional practice. Course activities will include instructor presentations, required readings and experiential learning activities (i.e. case studies, group discussions, projects, etc.).
This course will incorporate the following teaching/learning methods: lecture, class discussion, problem solving, case analysis, and practice-based Group Term Projects. Demonstration problems and cases from the textbook will be part of each class.
This auditing course can be very challenging because it may require you to look at things from different perspectives than in previous accounting courses: auditing requires you to take a critical perspective and be skeptical about accounting information. Also, auditing is most relevant and valid in the context of practical applications, so if you have not had a lot of experience working in a business or organization some of the auditing concepts in the course may seem very theoretical and vague. To try to give you more real world context, a number of class discussion problems and cases have been assigned that are examples of real accounting and auditing situations, as a way to simulate this practical experience in the classroom.
This course covers a significant amount of material in order to introduce the fundamental auditing knowledge that professional accountants require. To manage the course readings, I suggest you try to read all the assigned Text material at least once before class. Recap summaries are posted before each class. A selection of Class Discussion Questions (“CDQ”) and solutions for the assigned problems from the text will be posted before class; however there may not be time to discuss all of these in the class time available. Other key questions are posted and assigned each class to give you comprehensive coverage of the key knowledge you should try to take away from this course. The solution to these problems are not posted but taken up in class. Try to give some thought to how you would answer these problems/cases and review the solutions before class. If there are aspects you are not clear on be sure to ask in class, discuss with your study partners, or come talk to me during my office hours. The problems and cases in the CDQ will be the types of questions that will be on the Midterm Test and Final Exam, so this is the best way to prepare for those components of the course work.
For the CPA Handbook readings, I suggest you review the assigned sections so you will start to be familiar with the content of the Canadian Auditing Standards (“CAS”), as well as the structure of Canadian generally accepted auditing standards. You do not need to read or memorize every word of the assigned CPA materials, but you should focus on the topics they cover, and read and understand the Scope, Objectives and Requirements in each CAS.
Maintaining a Professional Learning Environment:
Laptop computers, cell phones, or other devices should not be used for non-classroom activities as they are distracting to other students, speakers and your instructor. Students who do not comply will be asked to leave the classroom.