School of Business, Criminal Justice, Law Business Studies Department COURSE SYLLABUS

ACCT 221___ PRINCIPLES OF AUDITING__CRN_____

I. Course Description

Details the fundamental principles of auditing, to include the study and review of internal accounting controls, auditing standards, professional ethics, and reporting standards; explores data processing and statistical applications of auditing. 3 lecture hours per week. NOTE: Courses offered every fall and spring semester

A.INSTRUCTOR: James I. Bryant, CPA, MBA B.OFFICE AdFac309 PHONE 443-840-4204 EMAIL [email protected] C. HOURS Monday 6:00 -7:00 PM D. CCBC Catonsville Business Department contact: 443-840-4545 FAX 443-840-5321 E. Classes meet ___Mon 7:20-10:10pm____Room AF318______F. This is a three credit course. You are expected to complete at least six hours of work per week outside of the class including reading, class preparation, homework, studying, etc. G.TEXT: Auditing and Assurance Services, 15thed, Arens, Elder and Beasley, Pearson ISBN MYLAB H. Blackboard supplemental site

II. A. Course Goals

This course emphasizes the manner in which the assurance function is performed, with an emphasis on the auditing of financial statement information. It continues with the content and learning methods introduced in your earlier accounting courses and with emphasis on understanding relevant professional standards (primarily in 2 areas—attest and audit) and applying those standards. The specific learning outcome objectives are as follows: 1 Overall auditor responsibilities: Understand the nature of audit risk and an auditor’s responsibility to detect financial statements misstatements and noncompliance with laws and regulations. 2 The audit process: Understand the nature of the audit process, including the nature of and relationships among financial statement assertions, audit objectives, audit procedures and audit evidence. 3 Reporting requirements: Apply appropriate audit reporting standards to various reporting situations. 4 Ethical responsibilities: Apply ethical standards to situations encountered by accountants.

B: Topics include history of the auditing profession, professional standards, regulatory agencies, legal liability, internal controls, and audit reporting. C. Course Rationale: In today’s world, it is critical that students have a broad understanding of business entities and interpretation of financial data. D. Instructional Methods: The methods used to accomplish these objectives will include on-line lecture notes, power point presentations, and homework exercises and problems. The use of the “Connect” software an integral part of the class. E. Pearson MYLAB software is required for the courseMYLAB is used to teach and assess student performance. The Student should read the required material ;then the student is to complete the “homework” and then the “tests” per the schedule.

III. A Requirements for the course are: Complete “Connect” – Homework and Tests as detailed in IV E Course Outline 1 Individual Written essay to be given in class Students should make every effort to review The Wall Street Journal daily for articles on accounting and auditing. Students are also encouraged to subscribe to the Journal of Accountancy.

B. GRADES: Eighty (80) percent of the course grade will be earned by three tests; Twenty (20) percent of grade will be awarded for written assignments, graded homework and other assessment instruments as determined by each instructor.

Test dates will be posted on BLACKBOARD

Letter grades will be awarded for the following numerical averages: 90.100 A 80.89 B 70.79 C 60.69 D Below 60 F

C. ATTENDANCE POLICY: Students are expected to attend all class sessions except in cases of documented emergencies, the advent of religious holidays, or when participating in official College functions. In the case of absence for special personal reasons other than those mentioned above, it is the student’s responsibility to confer with the instructor about whether the absence is to be considered as excused. For additional information, refer to the College Catalog.

D.AUDIT POLICY: According to the Spring, 2013 Academic Calendar, the last day to withdraw with a “W” is April 8, 2013 .The last day to change to audit status is February 15, , 2013. If you change to audit you are expected to contact the instructor to determine the requirements. Otherwise the grade will change to a “W”. To audit a class you must attend class throughout the semester.

IV. Course Procedures A. MAKE-UP POLICY: Make-up exams will not be given unless the instructor is notified prior to the exam date that the student will be absent. Implementation of the make-up policy is based on each instructor’s requirements

CLASSROOM MANAGEMENT/STUDENT BEHAVIOR: The goal of classroom activities is to provide the greatest educational benefit to all students. Class participants should expect and provide mutual respect and consideration in words and actions. Student behavior in class should not interfere with the rights of others or with the educational process. An instructor has the right to dismiss a student from class for behavior he/she judges to be disruptive to the teaching and learning process. Refer to the College Catalog section entitled ‘Academic Information and Learning Support – Code of Conduct’ for more information.

ACADEMIC INTEGRITY: Cheating and plagiarism will not be tolerated. A student found to have engaged in either will receive a failing grade for the course.

STUDENTS REQUIRING SPECIAL SERVICES: If you are a student in need of special services, please inform me at the beginning of the semester to ensure that suitable arrangements are made.

B. For College-wide syllabus policies, such as the Code of Conduct, Classroom Behavior, Academic Integrity and Audit/Withdrawal, go to “syllabus tab: on MYCCBC page on www.ccbcmd.edu

C: STUDENT CONCERNS: CCBC is dedicated to helping students make the most of their academic experience; therefore, we seek to maintain a positive environment for you to attain your academic goals. If you encounter problems or have concerns about an experience you have encountered, there are established procedures that you may use to bring your concerns to the attention of the proper authorities within CCBC.

Students should first attempt to take concerns to the faculty member. If students are unable to resolve course-related concerns with the instructor they should contact Professor Paul Coakley, department chair at (443) 840 – 4917 or his administrative assistant TBD at (443) 840 – 4545, Dr. Dennis Seymour, Dean of the School of BCJL at (443) 840 – 3736.

Please see the below for additional information: http: //ccbcmd.edu/catalog12/senatepolicies/Student_Concerns_Policy.html

Inclement Weather/Emergency Closing Policy

In the event that the college (or a specific campus) opens late due to weather-related or other emergency conditions, classes will commence at the announced opening time and resume the normal schedule thereafter for the remainder of the day.

D. Course Contact Information

E. Projects and written assignments: Every written assignment submitted for credit must be typed, and meet the guidelines set forth in the assignment. Papers which fail to meet any of the requirements will be returned without a grade. Late, incomplete assignments will receive a grade of “0” (no credit) . F: Course Assignments-see MYLAB