COURSE NUMBER:  UGBA 126

COURSE TITLE: Auditing

UNITS OF CREDIT:  4

INSTRUCTOR: Elya

E-MAIL: robert.elya@ey.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 will explain the auditing standards used in performing financial statement audits, as well as provide detail information as to definitions, concepts and the typical procedures performed in an audit.  The course will benefit   those students considering the auditing profession, in addition to those who want additional insights in evaluating financial statements. The course also has the objective of preparing the student for the auditing component of the Uniform CPA examination..  The course applies  auditing concepts to the core accounting knowledge obtained by students in previous courses in accounting systems and in financial and managerial accounting.

A partial listing of some of the subject areas covered in the course include: the standards followed in conducting an audit, including the recent PCAOB standards, other professional responsibilities of auditors, the evaluation of accounting principles application in an audit,  development  audit plans, evaluating and  testing internal controls, designing and performing substantive audit procedures, and leading practices and resources available to assist in auditing the preparation of financial statements and related disclosures. The group term project will give students the opportunity to work as a team in preparing an audit plan for a local company.   The individual term project requires a written research report on a current topic.


BIOGRAPHICAL SKETCH: