Southern Utah University

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Southern Utah University
Southern Utah University
Fall Semester 2025

Auditing II (Online)

ACCT 6400-72I

Course: ACCT 6400-72I
Credits: 3
Term: Fall Semester 2025
Department: ACFN
CRN: 30129

Course Description

The student will learn about audit processes to the sales and collection, payment, payroll, inventory, and acquisition and payment cycles. Also, audit sampling and working paper preparation. (Fall) [Graded (Standard Letter)] Registration Restriction(s): MAcc majors only

This is the second of three 3-credit hour semester courses dealing with auditing: Auditing I (ACCT 4400 undergraduate), Auditing II (ACCT 6400 graduate), and Forensic Accounting (ACCT 6450 graduate).  

  • This course (Auditing II ACCT 6400) emphasizes effective auditor judgement, audit sampling techniques (statistical and non-statistical) and related audit working paper preparation, substantive audit procedures and audit working paper generation related to a variety of financial-statement accounts and transaction cycles, and procedures required to wrap up the audit, deliver the audit opinion, and communicate with those charged with governance.  Analysis of the differences between financial auditing and operational auditing is also discussed, as well as other services CPA's offer in the profession beyond Audits such as Reviews, Compilations, Agreed-Upon Procedures, etc.

In conjunction with the above topics, students in this course will also perform case-oriented working paper organization and design assessments related to the following areas a new audit professional will typically be assigned to work during their first three years in the auditing profession:

  • Audit sampling cases: both a statistical sampling case using IDEA data analysis software and a non-statistical sampling case using Microsoft Excel
  • Performing Preliminary Analytics for Audit Planning & Risk Assessment/Strategy
  • Calculating Materiality using three different methods (Benchmark approach, Tiered approach, Layered approach)
  • Performing Cash ending balance audit procedures (fraud risk analysis, confirmations, leadsheets, tie out, etc.)
  • Performing Accounts Receivable and Revenue Recognition ending balance audit procedures (confirmations, Revenue Recognition, valuation/allowance for doubtful accounts)
  • Performing Inventory ending balance audit procedures (observations, cutoff, price testing)
  • Performing Accounts Payable ending balance audit procedures (confirmations, cutoff, subsequent disbursements)
  • Performing Payroll and other accruals ending balance audit procedures (auditor expectations using analytics)
  • Performing Notes Payable ending balance audit procedures (confirmations, interest expense analytics to search for unrecorded liabilities, drafting disclosure requirements)
  • Drafting findings for deficiencies in internal control & communicating with those charged with governance
  • Performing Audit completion and wrap up procedures (subsequent events, attorney letters, final analytics and evaluation of results/SOAP schedule, representation letters, communications with those charged with governance.

Required Texts

  • Required Text: McGraw Hill Connect online access to Auditing & Assurance Services, by Messier, Glover, Prawitt, 12th Edition Inclusive Access (requried).  Connect is already included in the price of your tuition and fees at a $50 discount  as part of our Inclusive Access Program with the publisher, so you already have access.
 
  • Required Resource - Becker CPA Exam Preparation software AUD section (required - free): Online access to Becker CPA Review platform. Access is free for SUU students and we will have periodic Becker videos and assessment quizzes to help you prepare for the CPA exam. See instructions in Canvas.

  • Required Resource - Caseware IDEA data analysis software & workbook (required - free): We have partnered with data analytics software company Caseware to receive their academic version of IDEA data analysis software to use in this course free of charge for SUU students.  This software is used by firms in industry for trend analytics, fraud analytics, and audit sampling and will provide you with real world experience in performing these audit procedures with common audit data analytics software. It is available on the computers in BUS 116 on campus and I will also provide a link for you to download on your personal computer to complete the assignments at home. *Important Note:* IDEA does not work with Mac computers, so if you have a Mac you'll need to borrow a PC from a family member or friend, or use the lab computers on campus in BUS 116, or we'll need to work with SUU IT in advance to set you up with a remote desktop option.  Any of those three options will work. There are two case studies in the course that use this software.

  • Access to a computer or laptop with a Webcam, microphone, and stable internet connection: The exams in this course require that an online proctor called Proctorio integrated with McGraw Hill Connect be used (free for SUU students).  Proctorio requires a webcam, microphone, and a stable internet connection in order for you to take your exams, so all students are required to have access to these items in order to complete coursework.

Learning Outcomes

Course Learning Outcomes (CO): 
By the end of this course, you will be able to:

  1. Develop effective techniques to avoid common auditor judgment biases.
  2. Develop professional auditing skills by performing an audit from start to finish on a fictitious company.  Procedures performed will include audit procedures typically performed by professionals in their first three years in the profession mentioned in the case-oriented working paper assessments above.
  3. Describe other services beyond external financial statement auditing services that CPA's can provide, such as Reviews, Compilations, Internal Audit Services, etc.
  4. Prepare for the AUD section of the CPA exam using Becker CPA Exam preparation software.

Course Requirements

Course Assessment & Course Learning Outcomes (CO) Table

Assignment Category                         CO 1     CO 2    CO 3       CO 4
Course Setup / Registration Items           x           x           x             x
Becker CPA Prep Modules                                   x           x             x
Homework                                               x           x           x             x
Quizzes                                                   x           x           x             x
Memos / Writing Assignments                  x         
Case Studies                                                       x           x
Exams                                                     x          x           x              x


Grade Scheme

The following grading standards will be used in this class:

Course Assessments                                               Points                         Percent
Course Set Up / Registration Items                              35                               2.0%
Becker CPA Prep Modules                                          125                              9.0%
Homework                                                                  120                              9.0%
Quizzes                                                                      175                             13.0%
Memos / Writing Assignments                                      50                               4.0%
Case Studies                                                              295                              22.0%
Exams                                                                        560                              41.0%
Total                                                                         1,360                             100%

Grade Range
A | 100 % to 93.0%
A- | < 93.0 % to 90.0%
B+ | < 90.0 % to 87.0%
B | < 87.0 % to 83.0%
B- | < 83.0 % to 80.0%
C+ | < 80.0 % to 77.0%
C | < 77.0 % to 73.0%
C- | < 73.0 % to 70.0%
D+ | < 70.0 % to 67.0%
D | < 67.0 % to 63.0%
D- | < 63.0 % to 60.0%
F | < 60.0 % to 0.0%

Course Outline

SmartBook/LearnSmart


You will have 12 SmartBook/LearnSmart reading assignments (one for each chapter). “LearnSmart or SmartBook is an interactive study tool that adaptively assesses students’ skill and knowledge levels to track which topics students have mastered and which require further instruction and practice. Based upon student progress, it then adjusts the learning content based on their knowledge strengths and weaknesses, as well as their confidence level around that knowledge” (McGraw Hill Connect website).  Essentially it is an electronic personal accounting tutor.  Each chapter has a short LearnSmart homework assignment to introduce the student to the key principles and concepts from the chapter.  LearnSmart activities are designed to be completed before chapter discussion begins in class for improved class discussions and advanced preparation for homework and quizzes that will be assigned or given in class.

Homework


You will have 12 Homework Assignments (one for each chapter) to help you practice the concepts taught in the chapter material.  They include homework problems from the textbook and other items provided by the professor as discussed in class.  All homework will be completed online through use of the “Connect” Accounting software and is due as noted in Canvas.  

Chapter Quizzes


You will have 12 chapter quizzes (one for each chapter) covering the chapter material for each chapter.  They  will be available in Connect via direct link in each Canvas module and will be due as noted in Canvas.  Quizzes will generally be done at the end of each week during class time for live classes.  The quiz answers will open up right after the due date/time so that you can use them as study materials for the exams.

Gleim CPA Prep Quizzes


We have partnered with Gleim to provide you with a free version of their CPA exam prep software for the AUD section. We will perform a several activities during the course that are designed to give you some experience in what it will be like to sit for the CPA exam.  Instructions on how to access this free software are provided in the Modules section of Canvas.


You will have 15 Gleim CPA prep quizzes covering the same topics the chapter materials cover to help prepare you for the CPA Exam.  These quizzes are due as noted in Canvas, and will be accessed through your free Gleim CPA prep platform (instructions provided in Canvas). 10 of these quizzes will be short extra credit practice quizzes to help you get oriented to CPA exam questions and to give you the opportunity to earn a few extra points. 5 of the quizzes are graded and will be as follows:

  • One Gleim initial assessment quiz: This graded quiz is simply a participation quiz to help you get oriented to the CPA exam and to give you a starting place for CPA Exam preparation.  Full points will be awarded to all students who complete the quiz timely and answer at least one question correctly.
  • Three Gleim CPA Prep Quizzes: These short graded quizzes are built on the pool of questions from the extra credit practice quizzes and are designed to help you take the next step in CPA exam preparation by providing a short graded CPA quiz experience worth a small number of points. 
  • One Gleim CPA Audit Section Simulated Exam (multiple choice portion only):  This graded quiz is the next step in your CPA preparation progression and is designed to simulate the multiple choice portion of the Audit Section of the CPA exam to give you a "dry run" of taking the exam in a classroom setting before you spend all the money required to take the real CPA exam.  Note that this quiz is limited to the preparing you for the multiple choice segment of the CPA exam and does not include any preparation for the simulations section of the CPA exam.  Prep for the simulations is covered in our other case studies in the course.  You will be required to complete two multiple choice testlets of 36 questions each, just like the CPA exam.  The three graded Gleim quizzes and the 10 extra credit practice quizzes serve as the pool of questions for this simulated exam, so you'll have plenty of review materials to help you prepare. 

Memos/Writing Assignments


You will have one memo/writing assignment in this course.  It is located in Canvas, and is simply a short Biographical sketch telling the instructor a little bit about your life, interests, etc. to help the professor get to know you better.  The professor will provide his own Bio sketch as an example. 

Case Studies & Projects


You will have 10 real world case studies related to the chapter material that are designed to provide you with experience performing the audit procedures that you will typically do in your first year in the audit profession.  These Case studies, along with all instructions and necessary supplemental material will be provided in the Canvas modules.  Every student is required to do their own case study in order to ensure you are properly prepared for the profession.  Video examples to walk you through the case study to help you get started are provided in each Canvas module, and suggested solutions will open in each Canvas module after the due date has passed for you to check your work.  

Exams


You will have 4 exams in this course.  The exams will be closed-book and individual effort. The exams will be located online in Connect and will be similar to the assigned homework exercises and problems including multiple-choice, true-false, fill-in-the-blank, calculations, and other question types to ensure adequate breadth.  Exams are required to be proctored online through the approved proctor called Proctorio (free to SUU students).  Exams taken using the online proctor require you to have a webcam, microphone, and internet connection, and may be taken anywhere, anytime 24/7 during the open testing window and will generally be due by 11:59pm (Mountain Standard Time) on the date noted in Canvas unless otherwise indicated. For live classes, the professor generally will not hold class the day of the exam in order to ensure sufficient availability in the testing center and to allow students sufficient time to take the exam.  You should take a calculator, a blank scratch paper to work out problems, and a pen/pencil into each exam.

Instructor's policies on late assignments and/or makeup work

Becker Assignments, Homework, Quizzes, Memos, and Case Studies can be submitted late for up to half credit.  No late Exams will be accepted.

Attendance Policy

This course requires you to be an active participant within the content.  This means you should log into the course multiple days within a week, check announcements, and participate in graded and ungraded discussions.  Your attendance will be measured by your participation and completion of course activities. 

Use of Generative AI and Other Tools (ChatGPT, etc.)

Generative AI and other tools (ChatGPT, Grammarly, etc.) can enhance your learning when used properly and when understanding the limits of each tool.  These tools often “hallucinate” and provide false information, so be careful in their use as your grade will be significantly affected by any incorrect submissions.  Using these tools to brainstorm to get you started on an assignment, or to provide additional perspective and potential additional resources for further research can be very useful to your learning. However, using these tools (ChatGPT, Chegg, Coursehero, etc.) to just copy and paste is inappropriate and will result in docked grades and potential firing in your future job if you don’t learn to use the tools correctly.  Please make sure to verify all sources directly to ensure correctness, revise them into your own words and cite the tool and/or the direct source as your information source. Claiming AI generated content as your own work is plagiarism and will be penalized as noted in the plagiarism and academic integrity/misconduct policy noted in this syllabus. 

Course Fees

Changes to Syllabus

Information contained in this syllabus may be subject to change with advance notice, as deemed appropriate by the instructor.  Changes will be reflected on the Canvas Calendar and in the Canvas Modules. It is your responsibility to determine changes to the syllabus or assignments announced in your absence or announced online. 

ADA Statement

Students with medical, psychological, learning, or other disabilities desiring academic adjustments, accommodations, or auxiliary aids will need to contact the Disability Resource Center, located in Room 206F of the Sharwan Smith Center or by phone at (435) 865-8042. The Disability Resource Center determines eligibility for and authorizes the provision of services.

If your instructor requires attendance, you may need to seek an ADA accommodation to request an exception to this attendance policy. Please contact the Disability Resource Center to determine what, if any, ADA accommodations are reasonable and appropriate.

Academic Credit

According to the federal definition of a Carnegie credit hour: A credit hour of work is the equivalent of approximately 60 minutes of class time or independent study work. A minimum of 45 hours of work by each student is required for each unit of credit. Credit is earned only when course requirements are met. One (1) credit hour is equivalent to 15 contact hours of lecture, discussion, testing, evaluation, or seminar, as well as 30 hours of student homework. An equivalent amount of work is expected for laboratory work, internships, practica, studio, and other academic work leading to the awarding of credit hours. Credit granted for individual courses, labs, or studio classes ranges from 0.5 to 15 credit hours per semester.

Academic Freedom

SUU is operated for the common good of the greater community it serves. The common good depends upon the free search for truth and its free exposition. Academic Freedom is the right of faculty to study, discuss, investigate, teach, and publish. Academic Freedom is essential to these purposes and applies to both teaching and research.

Academic Freedom in the realm of teaching is fundamental for the protection of the rights of the faculty member and of you, the student, with respect to the free pursuit of learning and discovery. Faculty members possess the right to full freedom in the classroom in discussing their subjects. They may present any controversial material relevant to their courses and their intended learning outcomes, but they shall take care not to introduce into their teaching controversial materials which have no relation to the subject being taught or the intended learning outcomes for the course.

As such, students enrolled in any course at SUU may encounter topics, perspectives, and ideas that are unfamiliar or controversial, with the educational intent of providing a meaningful learning environment that fosters your growth and development. These parameters related to Academic Freedom are included in SUU Policy 6.6.

Academic Misconduct

Scholastic honesty is expected of all students. Dishonesty will not be tolerated and will be prosecuted to the fullest extent (see SUU Policy 6.33). You are expected to have read and understood the current SUU student conduct code (SUU Policy 11.2) regarding student responsibilities and rights, the intellectual property policy (SUU Policy 5.52), information about procedures, and what constitutes acceptable behavior.

Please Note: The use of websites or services that sell essays is a violation of these policies; likewise, the use of websites or services that provide answers to assignments, quizzes, or tests is also a violation of these policies. Regarding the use of Generative Artificial Intelligence (AI), you should check with your individual course instructor.

Emergency Management Statement

In case of an emergency, the University's Emergency Notification System (ENS) will be activated. Students are encouraged to maintain updated contact information using the link on the homepage of the mySUU portal. In addition, students are encouraged to familiarize themselves with the Emergency Response Protocols posted in each classroom. Detailed information about the University's emergency management plan can be found at https://www.suu.edu/emergency.

HEOA Compliance Statement

For a full set of Higher Education Opportunity Act (HEOA) compliance statements, please visit https://www.suu.edu/heoa. The sharing of copyrighted material through peer-to-peer (P2P) file sharing, except as provided under U.S. copyright law, is prohibited by law; additional information can be found at https://my.suu.edu/help/article/1096/heoa-compliance-plan.

You are also expected to comply with policies regarding intellectual property (SUU Policy 5.52) and copyright (SUU Policy 5.54).

Mandatory Reporting

University policy (SUU Policy 5.60) requires instructors to report disclosures received from students that indicate they have been subjected to sexual misconduct/harassment. The University defines sexual harassment consistent with Federal Regulations (34 C.F.R. Part 106, Subpart D) to include quid pro quo, hostile environment harassment, sexual assault, dating violence, domestic violence, and stalking. When students communicate this information to an instructor in-person, by email, or within writing assignments, the instructor will report that to the Title IX Coordinator to ensure students receive support from the Title IX Office. A reporting form is available at https://cm.maxient.com/reportingform.php?SouthernUtahUniv

Non-Discrimination Statement

SUU is committed to fostering an inclusive community of lifelong learners and believes our university's encompassing of different views, beliefs, and identities makes us stronger, more innovative, and better prepared for the global society.

SUU does not discriminate on the basis of race, religion, color, national origin, citizenship, sex (including sex discrimination and sexual harassment), sexual orientation, gender identity, age, ancestry, disability status, pregnancy, pregnancy-related conditions, genetic information, military status, veteran status, or other bases protected by applicable law in employment, treatment, admission, access to educational programs and activities, or other University benefits or services.

SUU strives to cultivate a campus environment that encourages freedom of expression from diverse viewpoints. We encourage all to dialogue within a spirit of respect, civility, and decency.

For additional information on non-discrimination, please see SUU Policy 5.27 and/or visit https://www.suu.edu/nondiscrimination.

Pregnancy

Students who are or become pregnant during this course may receive reasonable modifications to facilitate continued access and participation in the course. Pregnancy and related conditions are broadly defined to include pregnancy, childbirth, termination of pregnancy, lactation, related medical conditions, and recovery. To obtain reasonable modifications, please make a request to title9@suu.edu. To learn more visit: https://www.suu.edu/titleix/pregnancy.html.

Disclaimer Statement

Information contained in this syllabus, other than the grading, late assignments, makeup work, and attendance policies, may be subject to change with advance notice, as deemed appropriate by the instructor.