COURSE DESCRIPTION

Advanced Audit provides an in-depth analysis of current auditing issues, especially those involved in completing the audit: auditors’ reporting responsibilities; internal control over reporting for public companies; the requirements of the Sarbanes-Oxley Act; and auditing of information technology systems. In addition, the course focuses on compliance concepts and techniques, detailed attestation and review services, and the professional judgment process model for auditing financial statements. Recognized standards, such as the International Standards of Auditing (ISA) and the generally accepted government auditing standards (GAGAS), are discussed in detail.

COURSE OBJECTIVES

After completing this course, students will be able to:

Analyze management and auditors’ responsibilities for assessing internal control effectiveness.
Explain auditors’ responsibility regarding subsequent events, contingent liabilities, and going concern considerations.
Analyze types of attestation services and generally accepted attestation standards.
Apply concepts and techniques of auditing a firm’s electronic commerce.
Apply a professional judgment process framework for financial statement audits.
Apply concepts and techniques for compliance audits.
Apply the generally accepted government auditing standards.
Explain the purpose and the structure of international auditing standards.
Analyze the differences among auditing standards issued by the AICPA, PCAOB, and GAO .

COURSE MATERIALS

You will need the following materials to complete your coursework. Some course materials may be free, open source, or available from other providers. You can access free or open-source materials by clicking the links provided below or in the module details documents. To purchase course materials, please visit the University's textbook supplier.

Required Textbook

William F. Messier, Steven M. Glover, and Douglas F. Prawitt, Auditing & Assurance Services: A Systematic Approach, 10th ed. (New York: McGraw-Hill, 2017).
ISBN-13: 978-0077732509

COURSE STRUCTURE

Advanced Audit is a three-credit online course, consisting of seven modules. Modules include an overview, topics, learning objectives, study materials, and activities. Module titles are listed below.

Module 1: Auditing Internal Controls

Module 2: Completing the Audit

Module 3: Assurance, Attestation, and Internal Auditing Services

Module 4: Professional Judgment Framework

Module 5: The Compliance Audit

Module 6: Generally Accepted Government Auditing Standards (GAGAS)

Module 7: International Standards on Auditing (ISAs)

Consult the Course Calendar for assignment due dates.

ASSESSMENT METHODS

For your formal work in the course, you are required to participate in online discussion forums, complete written activities, and complete a final project. See below for more details.

Consult the Course Calendar for assignment due dates.

Promoting Originality

One or more of your course activities may utilize a tool designed to promote original work and evaluate your submissions for plagiarism. More information about this tool is available in this document.

Discussion Forums

You are required to participate in seven graded discussion forums as well as an ungraded "Introductions" forum.

Located within the Evaluation Rubrics section of the course Web site is the rubric used to aid in the grading of all online discussion activities.

Written Activities

You are required to complete seven written assignments.

Located within the Evaluation Rubrics section of the course Web site is the rubric used to aid in the grading of all written activities.

Final Project

The final paper consists of a paper of 2,500 to 3,000 words (10 to 12 pages) in which you will analyze the differences among several major auditing standards. See the Final Project area of the course for a fuller description.

Located within the Evaluation Rubrics section of the course Web site is the rubric used to aid in the grading of the final project.

GRADING AND EVALUATION

Your grade in the course will be determined as follows:

Discussion forums (7)—20 percent
Written assignments (7)—50 percent
Final project—30 percent

All activities will receive a numerical grade of 0–100. You will receive a score of 0 for any work not submitted. Your final grade in the course will be a letter grade. Letter grade equivalents for numerical grades are as follows:

A	=	93–100	C+	=	78–79
A–	=	90–92	C	=	73–77
B+	=	88–89	C–	=	70–72
B	=	83–87	D	=	60–69
B–	=	80–82	F	=	Below 60

To receive credit for the course, you must earn a letter grade of C or better (for an area of study course) or D or better (for a course not in your area of study), based on the weighted average of all assigned course work (e.g., exams, assignments, discussion postings, etc.).

STRATEGIES FOR SUCCESS

First Steps to Success

To succeed in this course, take the following first steps:

Read carefully the entire Syllabus, making sure that all aspects of the course are clear to you and that you have all the materials required for the course.
Take the time to read the entire Online Student Handbook. The Handbook answers many questions about how to proceed through the course and how to get the most from your educational experience at Thomas Edison State University.
Familiarize yourself with the learning management systems environment—how to navigate it and what the various course areas contain. If you know what to expect as you navigate the course, you can better pace yourself and complete the work on time.
If you are not familiar with Web-based learning be sure to review the processes for posting responses online and submitting assignments before class begins.

Study Tips

Consider the following study tips for success:

To stay on track throughout the course, begin each week by consulting the course Calendar. The Calendar provides an overview of the course and indicates due dates for submitting assignments, posting discussions, and scheduling and taking examinations.
Check Announcements regularly for new course information.

ACADEMIC POLICIES

To ensure success in all your academic endeavors and coursework at Thomas Edison State University, familiarize yourself with all administrative and academic policies including those related to academic integrity, course late submissions, course extensions, and grading policies.

For more, see: