Spring 2017 Pike

Accounting 4160
Auditing
University of Northern Iowa
Spring 2017

Professor: Joel E. Pike, CPA, Ph.D.

Office Hours: 1:15 pm 3:15 pm Monday & Wednesday
and by appointment.
Office Location: CBB 358
Phone and Email: 273-3965 joel.pike@uni.edu
Required Text: Messier, William F. Jr., Steven M. Glover and Douglas F. Prawitt, 2012.
Auditing & Assurance Services: A Systematic Approach, 9th Edition. McGraw-Hill/Irwin.
Course Description: Principles, practices, and procedures used to determine the accuracy and
reliability of financial statements.

# Date Read Chapter: Assigned Problems

1 1/10 Tu Introduction
2 1/12 Th 1 1-13 through 1-23
3 1/17 Tu 2 2-15 through 2-19 and 2-21 through 2-23
4 1/19 Th 19 19-14 through 19-18
5 1/24 Tu 20 19-21 through 19-26
6 1/26 Th 20-14 through 20-25, 20-26 and 20-29
7 1/31 Tu 3 3-16 through 3-22, 3-24 and 3-25
8 2/2 Th 4 4-13 through 4-21
9 2/7 Tu 5 including advanced modules 1 & 2 4-28, 5-14 and 5-15, 5-17 through 5-22, 5-24
through 5-29, 5-32
1 2/9 Th
0
2/13 M Review Session 5:00 pm to 6:30 pm
CBB 320
11 2/14 Tu TEST Chapters 1 through 5, 19 and 20
1 2/16 Th TEST REVIEW and Introduction to
2 Sampling
1 2/21 Tu 6 - including advanced modules 1 & 2 6-12 through 6-20, 6-22 through 6-24, 6-32
3
1 2/23 Th 7 including advanced module 2 7-23, 7-25, 7-26, 7-32, 7-33
4
1 2/28 Tu AUDIT SAMPLING HANDOUT and ch.8 8-11 through 8-20
 Spring 2017 Pike

5 READ ONLY PAGES 268 TO 277 (end

after Monetary Unit Sampling at the top of
page 279) AND Pages 295 (from the Section
entitled Nonstatistical Sampling for Tests of
Controls) to page 297 (end with Conclusion)
1 3/2 Th AUDIT SAMPLING HANDOUT and ch.9 8-32
6 READ ONLY PAGES 308 TO 312 (end
after Disadvantages near the bottom of page
312) AND Pages 327 (from the Section
entitled Nonstatistical Sampling for Tests of
Account Balances) to page 337 (end at
Advanced Module 2)
1 3/7 Tu 9-11 through 9-20, 9-21 (please use the excel
7 template for 9-21)
1 3/9 Th Bonus Problems on Sampling
8
Monday 3/13 to Friday 3/17 SPRING BREAK
3/20 M Review Session 5:00 pm to 7:00 pm
CBB 320
1 3/21 Tu TEST Chapters 6-9
9
2 3/23 Th TEST REVIEW and Introduction to Chapters
0 10 through 16
2 3/28 Tu 10 10-12 through 10-16, 10-18 through 10-23
1
2 3/30 Th 11 11-14 through 11-23
2
2 4/4 Tu 12 12-14 through 12-23
3
2 4/6 Th 13 13-14 through 13-17, 13-19 through 13-24,
4 13-33
2 4/11 Tu 14 14-13 through 14-15, 14-17 through 14-22,
5 14-27
2 4/13 Th 15 15-11 through 15-20
6
2 4/18 Tu 16 16-12 through 16-22
7
4/19 W Review Session 5:00 pm to 7:00 pm
CBB 320
2 4/20 Th TEST Chapters 10-16
8
2 4/25 Tu TEST REVIEW and Introduction to Chapter
9 17
 Spring 2017 Pike

3 4/27 Th 17 17-13 through 17-21

0
5/1 M Review Session Time and Place to be announced
Section 1 (12:30 pm) Final Exam 3:00 pm to 4:50 pm Thursday May 4
Section 2 (2 pm)) Final Exam 1:00 pm to 2:50 pm Wednesday May 3
Spring 2017 Pike

Grading Criteria:

Test 1 135 points

Test 2 135 points
Test 3 135 points
Final Exam 180 points
Homework 105 points (5 points per assignment)
Participation 60 points

TOTAL POINTS 750

To earn an A-, you must earn 675 points (90%)

To earn a B-, you must earn 600 points (80%)
To earn a C-, you must earn 525 points (70%)
To earn a D-, you must earn 443 points (59%)

One of the characteristics of a good accountant is punctuality. Please be in your seat when I start
the class. I will accept lateness if you have an interview that has run over. Otherwise, I expect
you to be on time.

Another quality of an accountant is the ability to communicate verbally. 60 points are based on
your contribution to the class. These points will be assigned based on how prepared you are for
class, as shown by how you answer questions when I call on you, and on your volunteering to
answer or ask questions in class. I hope you will contribute to the class by asking or answering
questions. Please do not wait for me to call on you. Raise your hand and volunteer. Please note
that you must be in attendance to demonstrate either of these.

Individuals need to embrace the realization that taking risks and failing are often the
essential moves necessary to bring clarity, understanding, and innovation. By making a
mistake, we are led to the pivotal question: "Why was that wrong?" By answering this
question, we are intentionally placing ourselves in a position to develop a new insight and
to eventually succeed. (Burger, 2012)1

PREPARATION OF HOMEWORK All homework answers must be typed. I will not accept
homework that is hand written. You do not have to type the questions just give the answers.
When you answer the multiple choice questions, it is not sufficient to just select the correct
answer. I want a brief explanation of why you chose that answer and, if appropriate, what was
wrong with each of the other answers. It is not acceptable to jot down notes as an answer. It is

1 Burger, E. (2012, August 21). Essay on the Importance of Teaching Failure. Retrieved July
28, 2013, from Inside Higher Education:
http://www.insidehighered.com/views/2012/08/21/essay-importance-teaching-failure
Spring 2017 Pike

also not acceptable to simply type the letter of the answer without any explanation. The answer
should be organized in a clear, coherent manner. Failure to follow these instructions will cause
you to lose valuable points on the homework assignments.

The homework assignments and class notes are your best tools for studying for exams. Please do
your best work in their preparation. It will pay off at exam time. You may make notes and mark
up your homework as much as you wish. I will return all collected homework at the beginning
of the next class. I do not accept late homework. If you must miss class, I will accept homework
emailed to me before class or handed in by another student.

Please make sure you do the right assignments in the correct manner. Please do not assume
anything this semester or misread the syllabus. If you have doubts, please ask questions.

There are no makeup exams in this class. If you must miss an exam for a legitimate reason, your
next exam will count double.

When you come to class, please remember to turn off your cell phones and put them away during
class. Please do not read or send text messages in class.

UNIVERSITY POLICIES All University of Northern Iowa Policies will be followed.