Auditing 1
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  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: Fall 2004
Prerequisites: (ACCG3006) AND (FINA3002) AND (MATH3005)
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Admin - Accounting
Program Coordinator(s): Donna P Grace
Course Leader or Contact: Multiple Course Leaders
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Auditing encompasses many principles and procedures used to gather evidence to support the opinion expressed in the "Auditor's Report." This introductory course covers the basic concepts involved with various types of audits with emphasis on the application of auditing standards and techniques used in Statutory Audits, Procedural Audits and Operational (Internal) Auditing with references to special areas of auditing such as computers, government auditing, etc. NOTE: ACCG36913(ACCG3012) and ACCG31709(ACCG3013) together qualify for course exemption towards the CGA course of study. CGA challenge exam for Auditing 1 is required.

Program Context

Business Admin - Accounting Program Coordinator: Donna P Grace
This course is a core component of the third year of the Accounting Program.

Course Critical Performance and Learning Outcomes


-The role of the Auditor in today's economy
-Audit reports
-Professional Ethics
-Legal responsibility and liability
-Audit objectives
-Evidence and documentation
-Internal controls
-Maternity and risk
-Audit plan and audit program
-Audit Sampling


-Responsibility in meeting test and assignment due 
-Responsibility, as demonstrated by behaviours such as attending, 
 participating and learning in  the classroom and home study
Evaluation Plan
Students demonstrate their learning in the following ways:

Full participation and attendance is expected for this course.  
Students who miss a class are responsible for any information 
discussed, assigned or distributed in that class period.

Final grade will be determined on the basis of:

Unit Tests and Final Exam    80%
Reports and Assignments      20%
Total                       100%

Missed Tests will result in a zero grade; see your instructor to 
discuss this.
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:


Generic Skills
Generic Skills emphasized in the course:

X communication - written   communication - oral   communication - visual
X analytical   creative thinking X decision making
  interpersonal X numeracy   organizational
X problem solving   technological   other (see below)

Notes: N/A

General Education
This General Education course relates to the following themes as specified by the Ministry of Training, Colleges and Universities.

  asthetic appreciation   social understanding
  civic life   understanding science
  cultural understanding   understanding technology
  personal development   work and the economy

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: Fall 2004
Professor: Multiple Professors
Auditing An International Approach, 2nd Canadian Edition, Robertson & 
Smieliauskas, McGraw Hill Ryerson

Applicable student group(s): Business Administration - Accounting
Course Details:
Topical Outline


WEEK  1     Chapters 1&2 - Overview of Auditing and 
            Auditing Standards

WEEK  2     Chapter 3 - Reports on Audited Financial Statements
WEEK  3     Chapter 4 - Audit Objectives, Procedures 
            and Working Papers

WEEK  4     Chapter 4 - Audit Objectives, Procedures 
            and Working Papers

WEEK  5     TEST ON CHAPTERS 1, 2, 3 & 4

WEEK  6     Chapter 5 - Audit Planning, Risk and Materiality
WEEK  7     Chapter 5 - Audit Planning, Risk and Materiality

WEEK  8     Chapter 6 - Internal Control and Control Risk
WEEK  9     Chapter 6 - Internal Control and Control Risk

WEEK 11     Chapter 7 - Audit Sampling

WEEK 12     Chapter 7 - Audit Sampling

WEEL 13     Chapters 16 & 17 - Professional Ethics & 
            Legal Liability

WEEK 14     EXAM

NOTE: Texts and calculators are to be brought to 
      every class.

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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