College of Business Administration

Auditing (Acct 4117)

Fall 2012

Instructor: Dr. Yousef Jahamani, CPA

Office: Howard Jordan 211                                              

Phone :  (912) 353-2846                                                        

Fax      : (912) 353-3184


Office Hours:             08:00-09:30 am, 10:45-12:30 pm 1:45-2:15pm T& R          

                  (Other times are available by appointment)


                              Section 1:  07:30- 8:45 pm Howard Jordan 122

NOTE: Policies and procedures in this syllabus are subject to change. Students will be informed of any changes.


Required Material:

 Rittenburg, Johnstone & Grambling Auditing: A Business Risk approach, 8th edition, South-Western, Cengage Learning. ISBN: 10: 0-538-47624-9 or 13-978-0-538-47624-9



ACCT 3112

Students enrolled in ACCT 4117 must have a minimum grade of “C” in the above-listed prerequisite course prior to enrollment in this course. Every student must sign a certification indicating that all prerequisite have been met. A copy of this form will be retained in the Dean’s office. It is important to note that should it be determined that a student has not met the prerequisite; the student will be subject to administrative withdrawal at any time. Should such administrative withdrawal occur after the mid-term reporting deadline, the grade assigned will be a “WF.”


Course description:

A comprehensive study of the philosophy, concepts, and techniques used by independent auditors. Topical coverage includes professional ethics, standards, audit programs, study and evaluation of internal control, auditors’ opinions, statistical sampling techniques, and EDP auditing.




        The primary objectives of the course are

(1) to introduce the basic concepts underlying auditing and

(2) how to apply those concepts to “audit” services (broadly defined).

(3) To help students develop analytical skills, logical thinking abilities, oral presentation skills, and written communication skills.

(4) To help students to identify ethical issues in accounting and to apply the Code of Professional Conduct.

(5)  To enhance the student’s ability to work effectively in a group.


Course Map:

 The beginning of the course will focus on the demand and supply of such services.  The second part of the course will focus primarily on understanding the three concepts that underlie the “audit” process: risk, materiality, and evidential matter.  The last part of the course focuses primarily on auditing financial statements.  A systematic approach will be taken with the primary emphasis on understanding why and how audits are performed.



Each student's grade will be based on the following:


Tests (4 tests @ 100 points each)                                                         400                                   

Homework and Quizzes                                                                         50

            Group Assignment                                                                    50

              Total points                                                                          500


The total is divided by 5 = average. Therefore, to compute your average, simply divide your total points by 5


The final letter grade for the course is based on the following averages:        

A: 90-100                        B: 80-89                          C: 70-79                          D: 60-69

F: below 60 averages




Attendance and Participation

Attendance for the entire class period is mandatory for all students. Current accounting topics not covered in the textbook may be discussed in class and may be included on quizzes and tests. Attendance will be taken daily at the beginning of class. A maximum of 3 absences (excused or unexcused) is allowed. If a student’s absences exceed 3 class periods, I reserve the right to withdraw such student at any time during the semester. Instructor withdrawals after the midterm reporting deadline will result in the assignment of a grade of “WF.”  If you are very ill, suffering from personal problems, have work conflicts, or anticipate other circumstances that prevent you from attending class regularly, please withdraw by the deadline.




Tardiness will not be tolerated. Arriving late is rude, inconsiderate, and inexcusable. If the door is closed, I have started class and you should not enter. I reserve the right to withdraw any student that interrupts class by arriving late.


Student Conduct in Class

Any acts of class disruption that go beyond the normal rights of students to question and discuss with instructors the educational process relative to subject content will not be tolerated, in accordance with the Academic Code of Conduct described in the Student Handbook.


Disability Accommodations Policy

Savannah State University is committed to providing reasonable accommodations to students with documented disabilities, as required under federal law.  The purpose of disability accommodation is to provide equal access to the academic material and equal access to demonstrate mastery of the material.  Students with disabilities must meet all the academic requirements and standards of the class, including the attendance policy. If you have a disability and need accommodations, please contact Amelia Castilian-Moore, Coordinator of Disability Services at 912 358 3115 or  The Office of Counseling and Disability Services is located in King Frazier 233.  You will need to meet with Ms. Castilian-Moore, who can help you gather documentation of your disability or refer you to an appropriate resource for assessment.  Once documentation of the disability is gathered and approved, Ms. Castilian-Moore will provide you with an Accommodation Letter, detailing the appropriate, approved accommodations, which you should present to me so we can discuss and implement your accommodations.


·       Electronic Devices Policy

No electronic devices are to be seen or heard during regularly scheduled class time, quizzes, tests, or examinations – (note that this includes earpieces and ear buds).  If any are observed or heard during class, the student will be excused from class; and should such devices be observed or heard during assessment periods, there will be the presumption of academic dishonesty.  Those found to be in violation of this policy will be subject to the consequences for academic dishonesty under the College of Business Administration Policy on Academic Dishonesty.


·       Academic honesty – may be a reference to University Policy

If academic dishonesty (as defined in the Code of Student Conduct) is established, then the minimum penalty for the offending student will be a grade of ZERO for the assignment (as per university policy).  However, students should be apprised that the instructor may well assign a penalty grade of F for the semester and request that the student be expelled from the university.  In all cases, students are apprised that all incidents of academic dishonesty will be reported to the Office of the Dean of the COBA, the COBA Student Services Office (for inclusion in the student’s academic record) and to the Vice President for Student Affairs.


Incomplete Policy

Students will not be given an incomplete grade in the course without sound reason and documented evidence as described in the Student Handbook. In any case, for a student to receive an incomplete, he or she must be passing and must have completed a significant portion of the course.



There will be four regular tests (100 points each) administered during the semesterThe exams will be graded and returned in a timely basis. It is to your advantage to take all exams at their scheduled times. Only in the case of well-documented true emergency should an exam be missed. If a student knows in advance of an unavoidable and legitimate conflict with an exam, he or she may arrange to take the test in advance. Such arrangements must be made at least one week in advance of the exam date and written documentation of the conflict is required. Exams missed without prior permission of the instructor or without adequate documentation of the reason for missing an exam will result in a recorded grade of zero for the missed exam. A make-up exam may be scheduled and taken in advance. Make-up versions may not be the same format as the original exam. No make-up exams will be given after the exam date for any reason except at finals.

The use of books or other notes during tests will not be allowed (see Academic Irregularity, above). Tests will include material covered in the textbook as well as material discussed in class. Accounting is a course in which retention of certain fundamental concepts learned is essential for successful completion of this course as well as other business courses. Therefore, each test will contain some questions over material that has previously been tested. Tests will be a combination of Multiple Choice, Short Answer, and Discussion. In order to enhance writing skills, discussion questions will be graded for grammatical accuracy, organization, and content.  For testing security, students will not be allowed to leave the room after they have begun the test.

Quizzes: To ensure that the concepts are being assimilated, short multiple choice quizzes will be an integral part of the class structure. Quizzes may be announced or unannounced.


Advance Preparation

Class meetings will consist of mini lectures, problem solving, and class discussions.  The amount and quality of a student's advance preparation as well as participation in problem solving are key factors in determining his or her success. This is a very fast paced, intensive course. Coming to class prepared is the key to doing well in this class. Before I begin a chapter, you should do the following:


If you will come to class prepared by doing the above things, we can spend our class time doing Questions and cases. Accounting is learned by doing. You cannot be successful merely by watching me. In order to be successful you must think through the problems on your own. I will go over some of the chapter question and cases in class.


Absences due to University Scheduled Conflicts

The following policy will apply to athletes who are required to travel to attend scheduled athletic events in which an athlete is currently participating. Such students are considered to be on official University business and this policy applies only to such situations.


All test dates are posted on the syllabus. In the event that an athlete is required to be out of town to attend an athletic event in which he/she is participating, the athlete may arrange to take the test early. It is the athlete’s responsibility to come to me to make arrangements to do so well in advance of the test date. Advance notice of at least one week is needed, as it may be necessary to request that the Office of Student Services administer the test. Additionally, such athletes will not incur attendance penalties. Please note that:






 Auditing: integral to the Economy

Review questions


Corporate Governance and Audits

Review questions


Judgmental and Ethical Decision-making Frameworks and Associated Professional Standards.

Review questions


First Test    Chap: 1, 2 & 3



Audit risk, Business risk, and Audit Planning

 Review questions


 Internal Control over Financial Reporting

  Review questions


 Performing an Integral Audit

Review questions


Second Test Chap: 4, 5 & 6



A Framework for Audit Evidence

 Review questions


 Tools Used in Gathering Evidence

 Review questions


 Auditing for Fraud

 Review questions


 Auditing Revenue and related accounts

 Review questions


Third Test Chap: 7, 8, 9 & 10



 Audit of Acquisitions of Payment Cycle

 Review questions


 Audit of Cash and Other Liquid Assets.

 Review questions


Audit of Long-Lived Assets and Related Expense accounts.

Review questions


 Audit Report

  Review questions


Fourth Test Chap: 11, 12, 13 & 16