COURSE NUMBER:          BA-126-1

COURSE TITLE:               Auditing

UNITS OF CREDIT:          4

INSTRUCTOR:                Mr. Louis Drapeau

MEETING DAYS/TIME:  Lectures  T-Th 8:00 A.M. - 9:30 A.M., Room F320 Haas
                                         Discussions Section -- Mon. 11:00 - 12:30 P.M. F320 Haas
 

PREREQUISITE(S):        BA-121 Financial Accounting 1.  (BA-122 Financial Accounting 2 strongly recommended)

CLASS FORMAT:           Two lectures and one discussion section per week. One term project.

REQUIRED READINGS:      Text: Auditing, by Kurt Pany and O. Ray Whittington, 2nd Edition (1997) Irwin.

BASIS FOR FINAL GRADE:
 Points
       1st Midterm               150
       2nd Midterm              150
       Pop Quizes                  50
       Final                          250
       Term Project             200
       Discussion Sections   200
 Total                             1000

Points will be converted to a letter grade using a modified class average system.
 

ABSTRACT OF COURSE'S CONTENT AND OBJECTIVES:

The course is designed to teach auditing principles and how an audit is done.  It is appropriate for students entering the auditing profession who have not had significant previous audit experience.  The course integrates auditing material with that obtained by students in previous courses in accounting systems and in financial and managerial accounting. It should greatly assist students in passing auditing part of the CPA exam. The course covers the following subject areas: professional responsibilities of auditors, the design of audits, technology and sampling approaches, appropriate tests of internal controls and substantive tests, and other responsibilities and activities of certified public accountants. The term project gives students the opportunity to work in a team in preparing an audit plan for a "live" company.

BIOGRAPHICAL SKETCH:

A native Californian, Mr. Drapeau graduated from Stanford University with a B.S. in mechanical engineering. After graduation, he served three years with the U.S. Navy Seabees as a company commander in Vietnam where he managed the construction of infrastructure and combat related projects.  Returning to the United States, he received his MBA from the Stanford Graduate School of Business and joined Arthur Andersen, one of the "Big-Five" accounting firms.  He is a partner and until recently was the Managing Partner of his firms Northern California assurance and consulting practices. He has considerable experience in international business particularly in the manufacturing, mining, high tech, and sports equipment industries.  He has taught the Auditing Course at Cal since 1993 and is an active Advisory Board member of the Haas Schools new Center for Financial Reporting and Management.  He also has lectured for several years on mergers and acquisitions at the Stanford Law School.