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, Fourth Edition  William F. Messier, Jr.


Grading:  The grade you receive will be based on 1000 possible points to be determined based on  the 6 categories below:

            Midterm                                                                                  150

            Final Exam                                                                              250

            Individual Term project                                                            50

            Team Term projects (mandatory)                                            250

            Attendance/ Participation in Lectures                                    150

            Attendance/ Participation in Discussion and HW                  150

                        Total                                                                         1,000

(*) 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 projects will give students the opportunity to work in a team in preparing an audit plan for a "live" company, and two small case studies.   The individual term project requires a written research report on a current topic.