Sheridan Course Outlines

ACCG70012
Auditing 1

I: Administrative Information II: Course Details III: Topical Outline(s) Printable Version

Section I: Administrative Information

Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Spring/Summer 2013
Prerequisites: (ACCG70005)
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): N/A
Program Coordinator(s): N/A
Course Leader or Contact: Multiple Course Leaders
Version: 1.0
Status: Approved - Under Rev (AREV)

Section I Notes: This course is delivered through OntarioLearn and is hosted by Durham College. Access to this course is from the OntarioLearn website.

Section II: Course Details

Detailed Description
This course is an introduction for students who have not had any experience in auditing and covers the auditing concepts and procedures of external auditing. The aim is for students to understand the philosophy and environment of auditing. Topics covered include an overview of auditing with special attention given to the nature and economic purpose of audits; reporting, professional standards and ethics; legal liability; audit objectives, evidence, and documentation; planning and analysis; materiality and risk;and internal control.

Course Critical Performance and Learning Outcomes

 
LEARNING OUTCOMES:

To achieve the critical performance, students will have demonstrated 
the ability to:

1. Compare the different types of audits and auditors, and the
standards governing professional practice, especially generally
accepted auditing standards.

2. Evaluate the relationships among financial statements, management
assertions, and audit objectives, and the basic elements of audit
reporting.

3. Assess the concept of materiality and how it relates to audit risk
and how it is relevant to  types of evidence in relation to audit
objectives and audit activities.

4. Apply an understanding of the contents, types, organization, and
ownership of working papers.

5. Illustrate the steps that are performed in planning an audit
engagement and learn the principles of professional conduct, and know
the auditor¿s liability to clients and third parties under common law.

6. Take responsibility for one's own actions, decisions, and
consequences and understand the increasing importance of critical
thinking and ethical decision making in professional judgment.

7. Manage the use of time and other resources to complete assigned 
tasks.

8. Locate, select, organize, and document information using
appropriate methods necessary under the circumstances.

9. Be able to communicate clearly and correctly in the written and
spoken form that fulfills the purpose and meets the needs of the 
audience.

Evaluation Plan
Students demonstrate their learning in the following ways:

Assignments: 30%
Participation: 10%
Mid-term: 20%
Final Exam: 40%

CGA Equivalent. This course combines with Auditing II to give the
student a credit in the CGA program providing at least a B (70+)
standing is achieved. 

Students must write the mid-term and final exam in order to pass this
course.

Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:

Essential Employability Skills
Essential Employability Skills emphasized in the course:

X	Communication	X	Critical Thinking & Problem Solving		Interpersonal
X	Numeracy		Information Management		Personal

Notes: N/A

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) : Office of the Registrar
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam	Portfolio	Interview	Other	Not Eligible for PLAR

Notes: N/A

Section III: Topical Outline

Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Effective term: Spring/Summer 2013
Professor: Multiple Professors
Textbook(s):

Smieliauskas, Bewley
Auditing: An International Approach
5th Canadian Edition
McGraw Hill Ryerson
ISBN: 9780070919914

No text substitute(s) unless otherwise stated.

Applicable student group(s): All
Course Details:

Not Available

Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.

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