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Course Details

Course Details

Course Code: ACCT606 Course ID: 4624 Credit Hours: 3 Level: Graduate

This course is open only to students taking the CPA Review Package. It covers the knowledge and understanding of the following professional standards: Auditing standards promulgated under U.S. GAAS [related to audits of an issuer (a public company), a non-issuer (an entity that is not a public company), government entities, not-for-profit entities, and employee benefit plans], standards related to attestation and assurance engagements, and standards for performing accounting and review services.

Course Schedule

Registration Dates Course Dates Session Weeks
11/30/20 - 04/30/21 05/03/21 - 06/27/21 Spring 2021 Session I 8 Week session
12/28/20 - 06/04/21 06/07/21 - 08/01/21 Spring 2021 Session D 8 Week session
02/22/21 - 07/30/21 08/02/21 - 09/26/21 Summer 2021 Session I 8 Week session

Current Syllabi

After successfully completing this course, you will be able to:

  • CO1. Analyze the process for financial statement audits and EDP audits to businesses
  • C02. Examine the evaluations of a company’s internal control procedures and the controls specific to transaction cycles, and the reliability of audit evidence and the evidence for specific audit areas.
  • CO3. Examine the controls specific to the sales transaction cycle.
  • C04. Examine the controls specific to the expenditure transaction cycle.
  • C05. Examine auditing concepts and standards and the required evidence for audits in general.
  • C06. Examine specific audit documentation including confirmations, fair value letters and related party transactions.
  • C07. Examine auditing evidence in specific areas of assets and liabilities including cash, receivables, inventory, fixed assets and liabilities and payroll.
  • C08. Analyze issues surrounding computer auditing.
  • C09. Examine the different types of audit reports issued by the CPA.
  • C10. Examine the various other types of audit reports issued by the CPA.
  • C11. Examine other professional services offered by CPA’s.
  • C12. Analyze the responsibilities and reports of the Public Company Accounting Oversight Board (PCAOB) as well as the requirement of the Sarbanes-­‐Oxley Act.
  • C13. Examine issues related to International Financial Reporting Standards (IFRS), as well the International Standards of Auditing (ISA).
  • C14. Analyze international economics and its impact on businesses, globalization, and business strategy.

Method of Assessment

A. Assignments:

Course assignments will be given using multimedia software (e.g. Wiley CPAXcel). These assignments will be a series of quizzes consisting of exercises, problems, and simulations. Assignments will have a specific due date with specific instructions. Late assignments will be subject to the university’s Late Work/Make-up Policy detailed in the student handbook. Please be advised the instructor reserves the right to implement their own late assignment policy.

B. Homework:

Throughout the term, homework will be given in several modules to test student understanding of the material. Homework will be given using multimedia software (e.g. Wiley CPAXcel) and consist of questions, problems, or simulations. Please be advised the instructor reserves the right to implement their own late assignment policy.

C. Discussion Forums:

Participation in the discussion forums is an essential component of the final grade. All students are expected to engage in lively discussions and answer instructor follow-up questions. The quality of participations along with student netiquette will be a part of the grade.

Assessment of the Course Objectives

Course Objectives

Assessment Methods

1 - 14

Quiz question, discussion, and homework

The following distribution will be used in assigning grades (decimal points will be rounded to the nearest whole number at semester’s end).


Quality Points/Grading Percent


4.0/ 100 – 94


3.67/ 93 – 90


3.33/ 89 – 87


3.0/ 86 – 84


2.67/ 83 –80


2.33/ 79 – 77


2.0/ 76 – 75


0.0/ 74 – 0

NameGrade %
Weekly Forums 30.00 %
Week 4 Forum 10.00 %
Week 8 Forum 10.00 %
Introduction Forum 10.00 %
Homework 2 40.00 %
Week 1 Homework 5.00 %
Week 2 Homework 5.00 %
Week 3 Homework 5.00 %
Week 4 Homework 5.00 %
Week 5 Homework 5.00 %
Week 6 Homework 5.00 %
Week 7 Homework 5.00 %
Week 8 Homework 5.00 %
Quiz 30.00 %
Week 1 Quiz 3.75 %
Week 2 Quiz 3.75 %
Week 3 Quiz 3.75 %
Week 4 Quiz 3.75 %
Week 5 Quiz 3.75 %
Week 6 Quiz 3.75 %
Week 7 Quiz 3.75 %
Week 8 Quiz 3.75 %
Websites and Videos

In addition to the required course texts, the following public domain Websites are useful. Please abide by the university’s academic honesty policy when using Internet sources. Note website addresses are subject to change.

  • FASB
  • American Psychological Association (APA) Style Website
  • Purdue Online Writing Lab
  • Turnitin Website
Book Title:All information will be provided inside the classroom. (This link will allow you to order and access the required Wiley CPA/excel ebook for your course: The APUS code for your course will be provided by your professor)
Publication Info:Wiley
Unit Cost:$220.00
Electronic Unit Cost:$220.00

Previous Syllabi

Not current for future courses.