INSTRUCTOR: Dr. John P. Yeütter, Ph.D., C.P.A., CFP^®
Note:
Certified Financial Planner Board of Standards Inc.
owns the certification marks CFP^®, CERTIFIED FINANCIAL PLANNER™ and ,
which it awards to individuals who successfully complete initial and ongoing certification requirements.
Office: BT114
Phone: (918) 444-2968
Personal Phone (918) 931-8257
E-Mail: yeutter@nsuok.edu
Office Hours:

COURSE TITLE AND NUMBER: AUDITING - ACCOUNTING 4503
CLASS DAYS & TIME: 13:00-13:50 MWF
PREREQUISITES: ACCT 3403, BADM 3933, and MIS 1133.

COURSE PURPOSE: This course is designed to help the student to acquire the necessary knowledge, attitudes, philosophies, skills, and habits that most professional auditors possess as entry-level accountants. It is recognized that most accounting students plan to sit for the CPA examination that will qualify them to engage in various attestation services. Accounting 4503 will substantially prepare the student for success on the auditing portion of the CPA examination. Graduates working as office managers, internal auditors, tax specialists, management accountants, cost accountants, employee benefit specialists, controllers, and chief financial officers will benefit substantially from the course.

STUDENT LEARNING OUTCOMES:
Upon completion of this course, the student should be able to perform the following at the level of an entry level accountant/auditor without significant experience:

• Analyze and interpret financial statements and identify unusual, significant, and questionable areas.
• Plan an audit and develop an audit program.
• Study, test, and assess internal control risk.
• Evaluate the persuasiveness of audit evidence.
• Assess overall audit risk and the materiality of financial statement information.
• Perform basic substantive tests of accounts in various transaction cycles.
• Apply audit sampling techniques to enhance audit efficiency.
• Understand the significance of the various elements of audit reports.
• Apply generally accepted auditing standards to fact situations.

INSTRUCTIONAL MATERIALS: (Required Textbook) Messier, Glover, & Prawitt, Auditing and Assurance Services: A Systematic Approach, 7/e, ISBN: 978-0073527084
Additional Recommended Resources: It is recommended that the student have a financial calculator for all class meetings. For Examinations, numeric-display-only calculators may be used only. Calculators or other electronic devices (such as phones or PDAs) capable of displaying text and/or graphics are prohibited.

INSTRUCTIONAL PROCEDURES: In addition to the textbook, Blackboard will provide a means of communicating to and evaluating students this semester.
For each chapter, there will be a module on Blackboard, which will contain:

• OBJECTIVES:A Summary of the Learning Objectives related to the Chapter.
• POWERPOINT:A Powerpoint from the publisher related to the Chapter.
• QUIZZES:This will include both PRE-Discussion assessment questions and Multiple Choice problems at the end of the chapter.

STUDENT PERFORMANCE ACTIVITIES: (Attendance/Punctuality) Consistent and punctual attendance is both expected and required for your successful completion of the course. Failure to attend class will affect the grade. ALL absences will indirectly reflect the grade due to the quality of work and material missed. A student is allowed to miss TWO (2) class periods without a direct penalty. Beginning with the third class missed, a one percent (1%) penalty will be deducted per class missed from the final grade. In addition, any student arriving late to class, or leaving early from class will be assessed a one half percent (1/2%) penalty from their final grade.
Under the VERY MOST EXTREME EXIGENT CIRCUMSTANCES, this penalty may be waived. To receive a waiver, students requesting relief under this clause must provide independent verification of these circumstances, in writing, within two (2) days of the missed class period. Students will be expected to make up any work missed as a result of absence, whether or not the absence was justified.

ASSIGNMENT DUE DATES: Assignments are due as indicated below on the Calendar Table:

• MISSED TESTS : I believe that feedback is an important part of the learning process, and therefore expect to return exams and projects to you within two (2) days of the due date. Typically, I provide the answers to the examination to students upon exit from the exam. This poses a problem for those who are unable to take exams at the scheduled time. Students who do not communicate their absence to my by the time a test is completed will receive a zero (0) for that exam. In the case of the VERY MOST EXTREME UNFORSEEN EXIGENT CIRCUMSTANCES, students will be given the opportunity to take only one substitute exam along with the final exam. My determination of whether the VERY MOST EXTREME UNFORSEEN EXIGENT CIRCUMSTANCES existed will be dependent both upon the timeliness of notification by the student of their failure to attend, and upon the reasons given for that failure. Under all circumstances, students requesting relief under this clause must make a written request, and provide independent verification of these circumstances, in writing, within two (2) days of the missed exam.
• ASSIGNMENT DUE DATES: The Quizzes, Projects, and Assignemtsare due before class-time on their due date. All quizzes and projects are to be submitted appropriately on Blackboard. No work will be accepted at any other time or place than in class and at the appointed time. Assignments slid under the office door or emailed, will be eaten by a frumious bandersnatch, or otherwise lost and never graded.
• LATE PROJECTS: Projects turned in less than one week late will be charged a 10% "late filing" penalty. Projects submitted in excess of one week late will receive 50% of the score they would otherwise deserve. Projects submitted on or after 4/25 (the last week of classes) will not be graded.

STUDENT EVALUATION: Students will be evaluated in several different ways throughout this course.

• EXAMS:There will be three in-class exams, and a Comprehensive final exam. These will test your ability to integrate the knowledge discussed and apply it to situations.
• Multiple Choice Quizzes:TPractice of accounting is a necessary part of the learning process. In addition, learning the skills to take multiple choice exams is also essential for professional certification exams. For each chapter, two different sets of questions are assigned. First, there will be Multiple Choice questions on blackboard. These are PRE-Discussion assessment questions, and are due BEFORE the chapter is discusses In addition, the multiple choice questions from the end of the Chapter are also assigned. These will be due on Blackboard for each chapter.
• AUDIT CASE : Portions of the EarthWear Audit case included in the textbook will be completed during the semester as part of a group project.
• PROJECTS: Projects of various types will be assigned. These will include several written or research assignments
• PROJECTS: Assignments using the ACL software included in the textbook will be due for each chapter.

Grades will be assigned according to the following schedule:
A: > 92% B: 84 - 92% C: 76 - 83% D: 68 - 75%

ACADEMIC MISCONDUCT:
Academic misconduct includes cheating (using unauthorized materials, information, or study aids in any academic exercise), plagiarism, falsification of records, unauthorized possession of examinations, intimidation, and any and all other actions that may improperly affect the evaluation of a student’s academic performance or achievement, or assisting others in any such act or attempts to engage in such acts. Academic misconduct in any form is inimical to the purposes and functions of the University and therefore is unacceptable and prohibited.

Any faculty member, administrator or staff member may identify an act of academic misconduct and should report that act to the department head/college dean, Vice President for Academic Affairs or administrative supervisor.

Students violating the standards of academic honesty are subject to disciplinary action including reduction of a grade(s) in a specific course, assignment, paper, or project; a formal or informal reprimand at the professorial, dean, or academic vice president level; expulsion from the class in which the violation occurred; expulsion from a program; or expulsion from the university.

ADA COMPLIANCE: (per HLC Syllabus Requirements)
If any member of the class feels that he/she has a disability and needs special accommodations of any nature whatsoever, the instructor will work with you and the University's Office of Student Affairs to provide reasonable accommodations to ensure that you have a fair opportunity to perform in this class. Please advise the instructor of such disability and the desired accommodations at the first class attended.

OTHER INFORMATION:

1. Any grade appeal must be made within four months after the end of the semester.
2. Students are advised that pursuant to the Fall 2010 Academic Calendar, published in the NSU Schedule, the last date during this semester when they may drop a course with an automatic "W" will be Wednesday, November 4, 2010. If you decide to drop after this date, you will receive the grade you have earned up to the drop date. The grade of "W" will be assigned if your grade is a "D" or higher; and an "F" will be assigned if you have stopped attending and have not turned in assignments or have not taken scheduled exams prior to the drop date.
3. Grades for assignments will be posted on Blackboard in the Gradebook. Students wishing to visit with the professor about their standing in the class may visit him in his office which is located in the Business and Technology Building, Room BT-114. Office hours indicated above are also posted adjacent to the door.
4. Pursuant to Federal Law, The Federal Educational Rights and Privacy Act, no information about students or grades will be disclosed except through secure, verifiable communications.
   Communications by telephone and e-mail are not considered secure, and requests for information concerning grades by this means wil not receive a response.
5. INDEPENDENT PRODUCTION: Unless specifically specified as part of the assignment, I expect that all students will work and complete assignments independently. Students who present assignments whose work appears to have been prepared through collaboration will receive a zero (0) for that assignment.

TEACH ACT: In accordance with the TEACH Act of 2002, you are advised that instructional material included in this course may be subject to copyright protection. As such, you must not share, duplicate, transmit, or store the material of this course beyond the purpose and time frame explicitly stated in the syllabus of your course. If you are not certain whether a particular piece of material is covered by copyright protection, you should contact your instructor and obtain her/his written clarification. Failing to observe copyright protection is a violation of law and the student code of conduct.

1. Safety of students and employees is the number one priority when implementing the inclement weather policy.
2. Classes are expected to be held if at all possible.
3. It is the student’s and faculty’s responsibility to receive the information when weather is questionable.
4. Neither students nor faculty are expected to risk life or limb.
5. Faculty are encouraged to be flexible regarding absences related to severe weather.
6. If any one of Northeastern’s campuses is closed, it is the responsibility of the University to disseminate information pertaining to such closing as early as possible.
7. Faculty members are obligated to hold classes if the university is not closed, unless the faculty member is unable to get to the campus.

Policy Statements:

1. The specific person(s) responsible for making the decision concerning the closing of each of the three campuses are: (Tahlequah-President and Provost/Vice President for Academic Affairs; Broken Arrow – Campus Dean in conjunction with the President and Provost/Vice President for Academic Affairs; Muskogee – Campus Dean in conjunction with the President and Provost/Vice President for Academic Affairs). The President will notify the Vice President for University Relations who in conjunction with his staff, will notify the public through the news media and the campus community through email, NSU homepage, NSU telephone message and switchboard message and other means when available. The Provost/Vice President of Academic Affairs will notify faculty.
2. During times of inclement weather, decisions concerning day classes will be made by 5:00 a.m. in order for the media to be notified and for the students to receive the announcement before they leave home. Decisions concerning evening/night classes will be made by 1:00 p.m. if at all possible or feasible.
3. The following media will be notified regarding closing of the campus:
   Radio Stations:
   
   KRMG . . . .740 AM . . . . .Tulsa
   KTLQ . . . .1350 AM . . . .Tahlequah
   KEOK . . . .102 FM . . . . .Tahlequah
   KMMY (Y97) .9700 FM . . . .Muskogee
   KVOO . . . .1170 AM . . . .Tulsa
   KBEZ . . . .92.9 FM . . . .Tulsa
   KMYZ . . . .104.5 FM . . . .Tulsa
   KHTS . . . .106.9 FM . . . .Tulsa
   
   Television Stations:
   KJRH . . . .Channel 2 . . . .Tulsa
   KOTV . . . .Channel 6 . . . .Tulsa
   KTUL . . . .Channel 8 . . . .Tulsa
   
   Faculty members need to include this information (stations and call numbers) in all their course syllabi so that students will have a record of where they can obtain information.
4. The message sent to the news media should indicate whether the entire campus is closed or if classes are not being held. Unless the administrative offices are specifically mentioned as being closed, always assume they are open. See Staff Handbook regarding leave for such occasions.
5. Essential services will remain open with a skeleton crew:
   1. University Housing/Residence Halls
   2. Physical Plant
   3. Campus Police
   4. University Center
6. The Physical Plan will clear sidewalks and parking lots based upon the “Accessible Route” plan. This plan takes into consideration location of ADA entrances to buildings.
7. Classes are expected to be held if at all possible; however, occasionally a faculty member may not be able to get to class due to unique weather conditions in the area in which he/she lives. If the University is open, but a faculty member feels it is impossible to travel to campus, he/she must notify the dean and request personal leave. See Faculty Handbook, 6.12.
8. Faculty are encouraged to be flexible regarding student absences due to inclement weather. Consideration should be given to faculty developing make up material for distribution in case of faculty or student absences from individual classes.