Panel of Experts allows experts to present different opinions to provoke better discussion than a one person presentation and frequent change of speaker holds participants' attention.
Course Objectives The class will build on the audit principles learned in Audit I with an emphasis on the implementation and application of generally accepted auditing standards, and the practical application of the standards, within the context of accounting transaction cycles. This replicates the process in which audits are conducted by public accounting firms and presents specific accounting transaction cycle information that is routinely tested on standardized exams such as the CPA and CIA exams. This course will place significant importance on specific technical language and terminology, as presented in the textbook, and the student's ability to apply that language and terminology to in-class presentations, class discussions and exams. The lectures in the class will provide a description of why audits are conducted, while the textbook will provide a description of how audits of the various accounting transaction cycle are conducted. It is critical to combine an understanding of both perspectives for purposes of the midterm and final and for those of you planning on taking a standardized exam in the future. The student's responsibility is to read all material prior to the lecture/discussion and complete problem assignments prior to review in the class. It will be a significant benefit to students to read chapters in advance of presentations. This course will include podcast lectures, class discussions and in-class case presentations. Students are required to enroll in the D2L course site. All course materials, including slides, homework solutions, and supplemental materials will be available on the D2L course site.