COURSE NUMBER:  UGBA 126 COURSE TITLE: Auditing UNITS OF CREDIT:  4 INSTRUCTOR: S. Berde E-MAIL: sam@pmbcpas.com CLASS WEB PAGE LOCATION (HTTP URL): http://catalyst.haas.berkeley.edu/ MEETING DAYS/TIME: see schedule PREREQUISITE(S): UGBA-120A  Intermediate Financial Accounting (UGBA-120B Advanced Financial Accounting is strongly recommended) CLASS FORMAT: Two lectures and one discussion section per week.  Two term projects. REQUIRED READINGS: Text: Auditing and Assurance Services,  third edition  William F. Messier, Jr. BASIS FOR FINAL GRADE:  Points (best 4  out of five)        1st Midterm                     250        2nd Midterm                   250        Final                                  250        Term Projects (*)          250        Participation                   250  Total                                     1000 (*) Term projects are mandatory Points will be converted to a letter grade at the end of the semester. ABSTRACT OF COURSE'S CONTENT AND OBJECTIVES: The course is designed to teach auditing principles and insights into the details of performing a financial audit.  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 preparation for the uniform CPA exam. The course covers the following subject areas: professional responsibilities of auditors, the design of audits, appropriate tests of internal controls and substantive tests, and other responsibilities and activities of certified public accountants. The group term project will give students the opportunity to work in a team in preparing an audit plan for a "live" company.   The individual term project requires a written research report on a current topic. BIOGRAPHICAL SKETCH: