University of Technology

School of Business Administration

2001 - 2002

COURSE:                 AUD 316 - AUDITING       

GROUPS:                 E/PBAA4

DURATION:            Semesters 1 & 2

FACILITATORS:    Rohan Chambers                                     Sandra Wedderburn.

                   Email:    rchambers@cybervale.com                    sanburn@cwjamaica.com

             Web site:     http://www.rohanchambers.com                         n/a

       Office hours :    Tuesdays: 3:30 pm – 6:30 pm                To be announced       

1. COURSE DESCRIPTION

Auditing is a capstone course in an undergraduate education for an accounting career. It integrates financial accounting, management accounting, costing, statistics, taxation, information technology and company law, all within the context of the professional environment. It draws upon some of the theoretical concepts learnt in the above disciplines and presents them in a well-defined methodology which governs auditing in today's world.

2. COURSE OBJECTIVES

This course will be focusing primarily on the auditing of financial statements. Nevertheless, students will acquire the necessary skills in general audit principles and procedures which can be applied to any other branch of auditing. Additionally, the coverage of internal control will provide students with a general framework which is applicable in the establishment of any properly structured business.

Although the regulatory framework (accounting/auditing standards and the Companies Act) used will be Jamaican, the substructure will be laid for the regulatory framework of any other country to be easily understood. As an extension, the course will not, by itself, completely prepare you for taking auditing sections of professional examinations, namely, Paper 6 - Audit Framework in the ACCA examinations. However, as a secondary objective, it is intended to provide you with a solid foundation so that with additional self-study (or by attending review classes) you can pass the auditing sections of such examinations.

A third objective of this course is to enable students to strengthen their skills in the use of basic computer technology, specifically, the ability to use the following tools: Internet, e-mail software and spreadsheet packages.  

It is important to note that this course is not designed to make you an auditor. As will be seen, this is something that can come only with extensive experience.

3. COURSE CONTENT

Semester 1

Semester 2

4. TEACHING APPROACH

Lectures will be the forum for the introduction and general discussion of each topical area. To assimilate the material more readily and in turn enhance better quality discussions students must read the relevant notes prior to attending the lecture at which it will be discussed. The facilitator will assume that this has been done. 

Tutorials will be the forum for students to cement the material covered in the lectures. Such tutorials will consist of multiple choice questions, essays, case discussions & video presentations. Again, students must prepare all tutorial assignments prior to attending tutorials. The respective tutors will assume that this has been done.

A great portion of the course material will be disseminated via the course's web page: http://www.rohanchambers.com (Click on "Courses" then on "Auditing") and/or the university computer labs. Students are therefore required to quickly familiarize themselves with the means to accessing these media.

5. ASSESSMENT PROCEDURES    

The coursework will be distributed over the two semesters, while the final exams will be held at the end of each semester. The details are presented in the following tables:

Semester 1

Semester 2

TBA - To be announced                           

+     -  These assignments will be computer-based and each group will consist of 3-4 students.

Further details on all the above assessments will be provided throughout the semesters.

6. TEXTBOOKS AND REFERENCES

Required:

·         AUDITING 2000 - These are the class notes which are available for download via the course's web page. Please note that the notes are in Microsoft Word 97or 2000 format and are sometimes very bulky. Therefore, students should have on hand a large amount of time and paper!

Recommended :

·         Auditing by Guy, Alderman & Winters, Dryden Press, Fifth (5^th) Edition.

Additional:

Return to Course materials

Last updated: Saturday, February 14, 2004